15,821 Shares in CNA Financial Corporation $CNA Bought by Vise Technologies Inc.

Vise Technologies Inc. bought a new stake in CNA Financial Corporation (NYSE:CNA) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 15,821 shares of the insurance provider’s stock, valued at approximately $769,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. AQR Capital Management LLC boosted its position in CNA Financial by 14.6% during the fourth quarter. AQR Capital Management LLC now owns 2,784,682 shares of the insurance provider’s stock worth $132,941,000 after purchasing an additional 354,076 shares during the period. First Trust Advisors LP increased its holdings in shares of CNA Financial by 34.6% in the first quarter. First Trust Advisors LP now owns 2,101,092 shares of the insurance provider’s stock worth $96,482,000 after purchasing an additional 540,448 shares during the period. BlackRock Inc. bought a new position in CNA Financial in the 2nd quarter worth about $80,193,000. Charles Schwab Investment Management Inc. increased its position in shares of CNA Financial by 0.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 890,953 shares of the insurance provider’s stock worth $42,534,000 after purchasing an additional 2,348 shares during the last quarter. Finally, UBS Group AG increased its holdings in shares of CNA Financial by 25.9% in the 4th quarter. UBS Group AG now owns 867,787 shares of the insurance provider’s stock worth $41,428,000 after buying an additional 178,314 shares during the last quarter. Institutional investors own 98.45% of the company’s stock.

CNA Financial Stock Performance

CNA Financial stock opened at $49.08 on Monday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $13.28 billion, a P/E ratio of 10.79, a PEG ratio of 6.54 and a beta of 0.28. The stock’s 50 day moving average is $50.48 and its 200 day moving average is $47.79. CNA Financial Corporation has a twelve month low of $41.53 and a twelve month high of $55.71.

CNA Financial (NYSE:CNA) last posted its quarterly earnings results on Monday, August 3rd. The insurance provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.11. The firm had revenue of $3.83 billion during the quarter, compared to analyst estimates of $2.97 billion. CNA Financial had a return on equity of 11.34% and a net margin of 8.16%.During the same quarter in the previous year, the firm earned $1.23 EPS. On average, equities research analysts predict that CNA Financial Corporation will post 4.19 earnings per share for the current fiscal year.

CNA Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Monday, August 17th will be paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Monday, August 17th. CNA Financial’s payout ratio is currently 42.20%.

Insider Transactions at CNA Financial

In other CNA Financial news, EVP Mark Steven James sold 8,273 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $53.15, for a total transaction of $439,709.95. Following the completion of the sale, the executive vice president directly owned 26,446 shares of the company’s stock, valued at approximately $1,405,604.90. This represents a 23.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Daniel Paul Franzetti sold 22,656 shares of CNA Financial stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $53.09, for a total value of $1,202,807.04. Following the transaction, the chief accounting officer owned 68,032 shares in the company, valued at $3,611,818.88. This trade represents a 24.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.29% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CNA. Weiss Ratings upgraded CNA Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, July 17th. Zacks Research upgraded shares of CNA Financial from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 16th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

About CNA Financial

CNA Financial Corporation is a leading U.S.-based commercial property and casualty insurance company offering a broad portfolio of risk management and insurance solutions. The company underwrites coverage for businesses of all sizes across a variety of industry sectors, including manufacturing, healthcare, energy, technology, construction and real estate. In addition to core property and casualty insurance, CNA delivers specialized products such as surety bonds, professional liability, environmental liability and commercial auto coverage.

Headquartered in Chicago, Illinois, CNA traces its origins to the founding of Continental Casualty Company in 1897.