CNA Financial Co. (NYSE:CNA) Major Shareholder Buys $3,021,214.04 in Stock

CNA Financial Co. (NYSE:CNAGet Rating) major shareholder Corp Loews bought 76,954 shares of CNA Financial stock in a transaction that occurred on Monday, September 19th. The shares were acquired at an average price of $39.26 per share, with a total value of $3,021,214.04. Following the completion of the transaction, the insider now owns 243,806,709 shares of the company’s stock, valued at $9,571,851,395.34. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Corp Loews also recently made the following trade(s):

  • On Thursday, September 15th, Corp Loews bought 50,789 shares of CNA Financial stock. The shares were acquired at an average price of $38.44 per share, with a total value of $1,952,329.16.
  • On Tuesday, September 13th, Corp Loews bought 50,789 shares of CNA Financial stock. The shares were acquired at an average price of $39.42 per share, with a total value of $2,002,102.38.
  • On Thursday, September 8th, Corp Loews bought 47,899 shares of CNA Financial stock. The shares were acquired at an average price of $40.08 per share, with a total value of $1,919,791.92.
  • On Tuesday, September 6th, Corp Loews bought 48,199 shares of CNA Financial stock. The shares were acquired at an average price of $39.56 per share, with a total value of $1,906,752.44.

CNA Financial Price Performance

CNA opened at $37.60 on Friday. The stock has a 50-day moving average price of $40.54 and a 200-day moving average price of $44.10. CNA Financial Co. has a 12-month low of $37.39 and a 12-month high of $50.33. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $10.20 billion, a P/E ratio of 9.84, a PEG ratio of 2.10 and a beta of 0.68.

CNA Financial (NYSE:CNAGet Rating) last posted its quarterly earnings data on Monday, August 1st. The insurance provider reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.09). CNA Financial had a return on equity of 9.28% and a net margin of 8.80%. The firm had revenue of $2.59 billion during the quarter, compared to analysts’ expectations of $2.62 billion. During the same quarter in the previous year, the company posted $1.25 earnings per share. Equities analysts predict that CNA Financial Co. will post 3.7 earnings per share for the current fiscal year.

CNA Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Monday, August 15th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.26%. The ex-dividend date was Friday, August 12th. CNA Financial’s dividend payout ratio (DPR) is presently 41.88%.

Institutional Investors Weigh In On CNA Financial

A number of hedge funds and other institutional investors have recently modified their holdings of CNA. Victory Capital Management Inc. lifted its stake in shares of CNA Financial by 41.5% in the 1st quarter. Victory Capital Management Inc. now owns 762,878 shares of the insurance provider’s stock valued at $36,191,000 after acquiring an additional 223,594 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of CNA Financial by 6.7% in the 1st quarter. First Trust Advisors LP now owns 1,653,694 shares of the insurance provider’s stock valued at $80,403,000 after acquiring an additional 104,417 shares during the last quarter. BlackRock Inc. lifted its stake in shares of CNA Financial by 8.7% in the 1st quarter. BlackRock Inc. now owns 1,150,456 shares of the insurance provider’s stock valued at $55,935,000 after acquiring an additional 92,007 shares during the last quarter. Martingale Asset Management L P bought a new stake in shares of CNA Financial in the 2nd quarter valued at about $2,703,000. Finally, Vanguard Group Inc. lifted its stake in shares of CNA Financial by 9.0% in the 1st quarter. Vanguard Group Inc. now owns 680,848 shares of the insurance provider’s stock valued at $33,103,000 after acquiring an additional 56,104 shares during the last quarter. Institutional investors own 98.54% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com cut CNA Financial from a “buy” rating to a “hold” rating in a report on Sunday, July 31st.

About CNA Financial

(Get Rating)

CNA Financial Corporation provides commercial property and casualty insurance products primarily in the United States. It operates through Specialty, Commercial, International, Life & Group, and Corporate & Other segments. The company offers professional liability coverages and risk management services to various professional firms, including architects, real estate agents, and accounting and law firms; directors and officers, employment practices, fiduciary, and fidelity coverages to small and mid-size firms, public and privately held firms, and not-for-profit organizations; professional and general liability, as well as associated standard property and casualty coverages for healthcare industry; surety and fidelity bonds; and warranty and alternative risks products.

See Also

Insider Buying and Selling by Quarter for CNA Financial (NYSE:CNA)

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