Impact Partnership Wealth LLC Has $405,000 Holdings in CNA Financial Co. (NYSE:CNA)

Impact Partnership Wealth LLC grew its stake in shares of CNA Financial Co. (NYSE:CNA) by 9.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,795 shares of the insurance provider’s stock after acquiring an additional 760 shares during the period. Impact Partnership Wealth LLC’s holdings in CNA Financial were worth $405,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Rhumbline Advisers increased its stake in CNA Financial by 570.6% during the 2nd quarter. Rhumbline Advisers now owns 529,862 shares of the insurance provider’s stock worth $24,411,000 after acquiring an additional 450,843 shares during the period. Convergence Investment Partners LLC grew its holdings in shares of CNA Financial by 139.0% during the 2nd quarter. Convergence Investment Partners LLC now owns 14,328 shares of the insurance provider’s stock worth $660,000 after purchasing an additional 8,334 shares in the last quarter. Signaturefd LLC increased its position in shares of CNA Financial by 10.4% in the second quarter. Signaturefd LLC now owns 3,897 shares of the insurance provider’s stock worth $180,000 after purchasing an additional 366 shares during the period. TrueMark Investments LLC acquired a new position in CNA Financial in the second quarter valued at about $2,055,000. Finally, Panagora Asset Management Inc. lifted its position in CNA Financial by 26.0% during the second quarter. Panagora Asset Management Inc. now owns 28,740 shares of the insurance provider’s stock worth $1,324,000 after purchasing an additional 5,925 shares during the period. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CNA has been the subject of several analyst reports. StockNews.com upgraded shares of CNA Financial from a “hold” rating to a “buy” rating in a research report on Thursday, May 16th. Keefe, Bruyette & Woods boosted their price objective on shares of CNA Financial from $48.00 to $53.00 and gave the company a “market perform” rating in a research report on Thursday, August 1st.

CNA Financial Stock Performance

CNA Financial stock opened at $51.25 on Friday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.30. The stock has a market cap of $13.90 billion, a PE ratio of 11.19, a P/E/G ratio of 3.54 and a beta of 0.64. CNA Financial Co. has a 12-month low of $37.95 and a 12-month high of $52.36. The business’s 50-day moving average price is $48.56 and its two-hundred day moving average price is $45.77.

CNA Financial (NYSE:CNA) last announced its quarterly earnings results on Monday, July 29th. The insurance provider reported $1.19 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.19. The company had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.08 billion. CNA Financial had a net margin of 9.27% and a return on equity of 14.02%. During the same period in the previous year, the firm posted $1.13 EPS. As a group, analysts expect that CNA Financial Co. will post 4.86 earnings per share for the current fiscal year.

CNA Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Monday, August 12th were issued a dividend of $0.44 per share. The ex-dividend date was Monday, August 12th. This represents a $1.76 annualized dividend and a dividend yield of 3.43%. CNA Financial’s dividend payout ratio (DPR) is presently 38.43%.

Insider Activity

In related news, EVP Jane Elizabeth Possell sold 4,444 shares of the business’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $48.08, for a total transaction of $213,667.52. Following the sale, the executive vice president now owns 30,009 shares in the company, valued at approximately $1,442,832.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Jane Elizabeth Possell sold 4,444 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $48.08, for a total value of $213,667.52. Following the completion of the transaction, the executive vice president now owns 30,009 shares in the company, valued at approximately $1,442,832.72. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Elizabeth Ann Aguinaga sold 26,160 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $49.60, for a total transaction of $1,297,536.00. Following the sale, the executive vice president now directly owns 47,744 shares in the company, valued at $2,368,102.40. The disclosure for this sale can be found here. 0.30% of the stock is owned by corporate insiders.

CNA Financial Company Profile

CNA Financial Corporation provides commercial property and casualty insurance products in the United States and internationally. 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 and cyber 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 casualty coverages for healthcare industry; surety and fidelity bonds; and warranty and alternative risks products.