Versor Investments LP Lowers Holdings in CNA Financial Co. (NYSE:CNA)

Versor Investments LP lowered its holdings in CNA Financial Co. (NYSE:CNA) by 26.3% during the third quarter, Holdings Channel.com reports. The firm owned 16,243 shares of the insurance provider’s stock after selling 5,800 shares during the period. Versor Investments LP’s holdings in CNA Financial were worth $795,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Janney Montgomery Scott LLC purchased a new stake in CNA Financial in the 1st quarter valued at about $231,000. Russell Investments Group Ltd. lifted its holdings in shares of CNA Financial by 9.5% in the 1st quarter. Russell Investments Group Ltd. now owns 58,958 shares of the insurance provider’s stock worth $2,678,000 after acquiring an additional 5,130 shares during the last quarter. Entropy Technologies LP purchased a new position in shares of CNA Financial during the 1st quarter worth approximately $520,000. Vanguard Group Inc. increased its holdings in CNA Financial by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 706,279 shares of the insurance provider’s stock valued at $32,079,000 after purchasing an additional 7,201 shares during the last quarter. Finally, Edgestream Partners L.P. raised its position in CNA Financial by 229.0% in the first quarter. Edgestream Partners L.P. now owns 113,901 shares of the insurance provider’s stock valued at $5,173,000 after purchasing an additional 79,280 shares during the period. Institutional investors and hedge funds own 98.45% of the company’s stock.

Analysts Set New Price Targets

CNA has been the subject of a number of research reports. StockNews.com raised CNA Financial from a “hold” rating to a “buy” rating in a research note on Wednesday. Bank of America lifted their target price on CNA Financial from $45.00 to $48.00 and gave the company an “underperform” rating in a research report on Thursday, October 10th. Finally, Keefe, Bruyette & Woods increased their price target on shares of CNA Financial from $54.00 to $55.00 and gave the stock a “market perform” rating in a research report on Friday, November 8th.

Insider Transactions at CNA Financial

In other CNA Financial news, EVP Elizabeth Ann Aguinaga sold 26,160 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $49.60, for a total value of $1,297,536.00. Following the transaction, the executive vice president now directly owns 47,744 shares in the company, valued at $2,368,102.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, EVP Douglas Worman sold 22,973 shares of the stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $48.75, for a total transaction of $1,119,933.75. Following the completion of the sale, the executive vice president now owns 133,777 shares in the company, valued at $6,521,628.75. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Elizabeth Ann Aguinaga sold 26,160 shares of CNA Financial stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $49.60, for a total transaction of $1,297,536.00. Following the completion of the transaction, the executive vice president now owns 47,744 shares in the company, valued at approximately $2,368,102.40. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 67,680 shares of company stock valued at $3,355,577. Insiders own 0.30% of the company’s stock.

CNA Financial Trading Down 0.1 %

NYSE:CNA opened at $48.33 on Wednesday. CNA Financial Co. has a 12-month low of $38.87 and a 12-month high of $52.36. The firm has a market cap of $13.09 billion, a PE ratio of 10.07, a price-to-earnings-growth ratio of 6.35 and a beta of 0.65. The company has a current ratio of 0.26, a quick ratio of 0.27 and a debt-to-equity ratio of 0.28. The stock has a fifty day moving average price of $49.22 and a 200 day moving average price of $47.51.

CNA Financial (NYSE:CNA) last announced its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.01. The business had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.15 billion. CNA Financial had a return on equity of 13.30% and a net margin of 9.26%. During the same period in the previous year, the company posted $1.06 earnings per share. Sell-side analysts anticipate that CNA Financial Co. will post 4.65 earnings per share for the current fiscal year.

CNA Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Monday, November 18th will be issued a $0.44 dividend. The ex-dividend date is Monday, November 18th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.64%. CNA Financial’s payout ratio is 36.67%.

About CNA Financial

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.