First Heartland Consultants Inc. maintained its stake in shares of CNA Financial Corporation (NYSE:CNA) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,320 shares of the insurance provider’s stock at the end of the first quarter. First Heartland Consultants Inc.’s holdings in CNA Financial Corporation were worth $765,000 as of its most recent filing with the SEC.
Several other large investors also recently made changes to their positions in CNA. AMG Funds LLC raised its position in CNA Financial Corporation by 1.3% in the first quarter. AMG Funds LLC now owns 14,334 shares of the insurance provider’s stock valued at $633,000 after buying an additional 190 shares in the last quarter. Blair William & Co. IL raised its stake in shares of CNA Financial Corporation by 3.2% in the first quarter. Blair William & Co. IL now owns 6,395 shares of the insurance provider’s stock worth $282,000 after buying an additional 196 shares during the period. Principal Financial Group Inc. increased its stake in CNA Financial Corporation by 3.6% in the first quarter. Principal Financial Group Inc. now owns 6,228 shares of the insurance provider’s stock worth $275,000 after buying an additional 219 shares in the last quarter. SG Americas Securities LLC increased its stake in CNA Financial Corporation by 6.1% in the first quarter. SG Americas Securities LLC now owns 3,914 shares of the insurance provider’s stock worth $173,000 after buying an additional 224 shares in the last quarter. Finally, Parallel Advisors LLC increased its stake in CNA Financial Corporation by 16.5% in the first quarter. Parallel Advisors LLC now owns 3,021 shares of the insurance provider’s stock worth $136,000 after buying an additional 427 shares in the last quarter. 99.50% of the stock is owned by institutional investors and hedge funds.
CNA Financial Corporation (NYSE:CNA) traded down 0.12% during midday trading on Monday, reaching $48.55. The company’s stock had a trading volume of 83,112 shares. The company has a market cap of $13.16 billion, a PE ratio of 12.48 and a beta of 1.17. The stock has a 50-day moving average price of $45.78 and a 200 day moving average price of $43.29. CNA Financial Corporation has a 12 month low of $29.38 and a 12 month high of $48.86.
CNA Financial Corporation (NYSE:CNA) last announced its quarterly earnings data on Monday, May 1st. The insurance provider reported $0.87 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.08. The firm had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $2.02 billion. CNA Financial Corporation had a net margin of 11.08% and a return on equity of 8.11%. The company’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.64 earnings per share. Analysts expect that CNA Financial Corporation will post $3.33 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, May 31st. Investors of record on Monday, May 15th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, May 11th. This represents a $1.00 annualized dividend and a yield of 2.06%. CNA Financial Corporation’s payout ratio is 25.77%.
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CNA has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded CNA Financial Corporation from a “buy” rating to a “hold” rating in a research report on Friday, May 19th. Deutsche Bank AG downgraded CNA Financial Corporation from a “buy” rating to a “hold” rating and upped their target price for the company from $45.00 to $46.00 in a research report on Tuesday, May 2nd.
In related news, Director Joseph Rosenberg sold 15,000 shares of the firm’s stock in a transaction on Wednesday, May 3rd. The shares were sold at an average price of $45.02, for a total transaction of $675,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.53% of the company’s stock.
About CNA Financial Corporation
CNA Financial Corporation is an insurance holding company. The Company’s segments include Specialty, Commercial, International, Life & Group Non-Core, and Corporate & Other Non-Core. Its Specialty segment provides a range of professional, financial, and specialty property, and casualty products and services.
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