CORDA Investment Management LLC. Purchases Shares of 753,707 CNA Financial Corporation $CNA

CORDA Investment Management LLC. acquired a new stake in CNA Financial Corporation (NYSE:CNA) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 753,707 shares of the insurance provider’s stock, valued at approximately $36,638,000. CNA Financial accounts for 2.2% of CORDA Investment Management LLC.’s holdings, making the stock its 19th biggest holding.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bank of New York Mellon Corp purchased a new stake in shares of CNA Financial during the second quarter worth approximately $1,772,000. Private Advisory Group LLC purchased a new position in CNA Financial in the second quarter worth approximately $7,857,000. GSA Capital Partners LLP acquired a new position in CNA Financial during the 2nd quarter worth approximately $1,418,000. Parallel Advisors LLC grew its holdings in CNA Financial by 12.3% during the 1st quarter. Parallel Advisors LLC now owns 7,080 shares of the insurance provider’s stock worth $325,000 after acquiring an additional 774 shares in the last quarter. Finally, Bank of America Corp DE increased its position in shares of CNA Financial by 41.9% in the 1st quarter. Bank of America Corp DE now owns 135,873 shares of the insurance provider’s stock valued at $6,239,000 after purchasing an additional 40,130 shares during the last quarter. 98.45% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at CNA Financial

In other CNA Financial news, CAO Daniel Paul Franzetti sold 22,656 shares of CNA Financial stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $53.09, for a total value of $1,202,807.04. Following the transaction, the chief accounting officer directly owned 68,032 shares in the company, valued at approximately $3,611,818.88. The trade was a 24.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Mark Steven James sold 8,273 shares of the company’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $53.15, for a total transaction of $439,709.95. Following the completion of the sale, the executive vice president directly owned 26,446 shares of the company’s stock, valued at $1,405,604.90. The trade was a 23.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.29% of the company’s stock.

CNA Financial Trading Down 0.3%

CNA opened at $50.99 on Friday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.27. CNA Financial Corporation has a 52 week low of $41.53 and a 52 week high of $55.71. The business’s 50 day moving average is $49.94 and its two-hundred day moving average is $47.71. The firm has a market cap of $13.80 billion, a price-to-earnings ratio of 11.21, a price-to-earnings-growth ratio of 6.89 and a beta of 0.28.

CNA Financial (NYSE:CNA) last announced its earnings results on Monday, August 3rd. The insurance provider reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.11. The business had revenue of $3.83 billion for the quarter, compared to analyst estimates of $2.97 billion. CNA Financial had a net margin of 8.16% and a return on equity of 11.34%. During the same period last year, the firm posted $1.23 earnings per share. On average, research analysts predict that CNA Financial Corporation will post 4.14 EPS for the current year.

CNA Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Monday, August 17th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Monday, August 17th. CNA Financial’s dividend payout ratio (DPR) is presently 42.20%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Weiss Ratings raised shares of CNA Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, July 17th. Zacks Research raised CNA Financial from a “strong sell” rating to a “hold” rating in a report on Thursday, July 16th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, CNA Financial currently has an average rating of “Moderate Buy”.

CNA Financial Company Profile

CNA Financial Corporation is a leading U.S.-based commercial property and casualty insurance company offering a broad portfolio of risk management and insurance solutions. The company underwrites coverage for businesses of all sizes across a variety of industry sectors, including manufacturing, healthcare, energy, technology, construction and real estate. In addition to core property and casualty insurance, CNA delivers specialized products such as surety bonds, professional liability, environmental liability and commercial auto coverage.

Headquartered in Chicago, Illinois, CNA traces its origins to the founding of Continental Casualty Company in 1897.