Martingale Asset Management L P Has $7.23 Million Stock Holdings in CNA Financial Co. (NYSE:CNA)

Martingale Asset Management L P decreased its position in shares of CNA Financial Co. (NYSE:CNA) by 13.5% during the 3rd quarter, Holdings Channel reports. The fund owned 147,642 shares of the insurance provider’s stock after selling 23,082 shares during the quarter. Martingale Asset Management L P’s holdings in CNA Financial were worth $7,226,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of CNA. Raymond James Trust N.A. grew its position in shares of CNA Financial by 4.1% in the 3rd quarter. Raymond James Trust N.A. now owns 6,526 shares of the insurance provider’s stock valued at $319,000 after purchasing an additional 260 shares during the period. Abich Financial Wealth Management LLC lifted its stake in CNA Financial by 17.3% in the second quarter. Abich Financial Wealth Management LLC now owns 2,059 shares of the insurance provider’s stock valued at $95,000 after buying an additional 303 shares in the last quarter. Signaturefd LLC boosted its holdings 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 valued at $180,000 after buying an additional 366 shares during the period. GAMMA Investing LLC increased its position in shares of CNA Financial by 36.9% during the second quarter. GAMMA Investing LLC now owns 1,566 shares of the insurance provider’s stock worth $72,000 after acquiring an additional 422 shares in the last quarter. Finally, AE Wealth Management LLC raised its holdings in shares of CNA Financial by 1.1% during the second quarter. AE Wealth Management LLC now owns 39,256 shares of the insurance provider’s stock worth $1,809,000 after acquiring an additional 431 shares during the period. Institutional investors and hedge funds own 98.45% of the company’s stock.

Insider Activity

In other news, EVP Mark Steven James sold 18,547 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $50.58, for a total value of $938,107.26. Following the completion of the transaction, the executive vice president now owns 22,917 shares in the company, valued at $1,159,141.86. This trade represents a 44.73 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Douglas Worman sold 22,973 shares of the firm’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $48.75, for a total value of $1,119,933.75. Following the completion of the transaction, the executive vice president now owns 133,777 shares of the company’s stock, valued at $6,521,628.75. The trade was a 14.66 % decrease in their position. The disclosure for this sale can be found here. 0.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on CNA shares. StockNews.com raised shares of CNA Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, November 13th. Bank of America boosted their price target on CNA Financial from $45.00 to $48.00 and gave the company an “underperform” rating in a report on Thursday, October 10th. Finally, Keefe, Bruyette & Woods increased their price objective on CNA Financial from $54.00 to $55.00 and gave the stock a “market perform” rating in a report on Friday, November 8th.

CNA Financial Stock Performance

Shares of CNA opened at $50.43 on Friday. The stock has a market capitalization of $13.66 billion, a price-to-earnings ratio of 10.47, a PEG ratio of 6.44 and a beta of 0.65. CNA Financial Co. has a 12 month low of $40.92 and a 12 month high of $52.36. The firm has a fifty day simple moving average of $48.89 and a 200 day simple moving average of $47.87. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.28.

CNA Financial (NYSE:CNA) last announced its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.01. The company had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.15 billion. CNA Financial had a return on equity of 13.30% and a net margin of 9.26%. During the same quarter last year, the company earned $1.06 EPS. Research analysts forecast that CNA Financial Co. will post 4.68 EPS for the current fiscal year.

CNA Financial Announces Dividend

The business 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. This represents a $1.76 annualized dividend and a dividend yield of 3.49%. The ex-dividend date of this dividend is Monday, November 18th. CNA Financial’s payout ratio is 36.67%.

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.