Ieq Capital LLC Invests $813,000 in CNA Financial Corporation $CNA

Ieq Capital LLC acquired a new stake in CNA Financial Corporation (NYSE:CNA) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 16,721 shares of the insurance provider’s stock, valued at approximately $813,000.

Other large investors also recently modified their holdings of the company. Private Advisory Group LLC bought a new stake in CNA Financial during the second quarter valued at $7,857,000. Vest Financial LLC acquired a new position in shares of CNA Financial in the 4th quarter valued at about $1,576,000. UBS Group AG lifted its stake in shares of CNA Financial by 25.9% in the 4th quarter. UBS Group AG now owns 867,787 shares of the insurance provider’s stock valued at $41,428,000 after purchasing an additional 178,314 shares during the period. Renaissance Technologies LLC boosted its position in shares of CNA Financial by 162.3% during the 1st quarter. Renaissance Technologies LLC now owns 54,300 shares of the insurance provider’s stock valued at $2,493,000 after purchasing an additional 33,600 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in shares of CNA Financial by 34.6% during the 1st quarter. First Trust Advisors LP now owns 2,101,092 shares of the insurance provider’s stock valued at $96,482,000 after purchasing an additional 540,448 shares in the last quarter. 98.45% of the stock is currently owned by institutional investors and hedge funds.

CNA Financial Stock Performance

Shares of CNA Financial stock opened at $48.90 on Friday. The business has a 50-day simple moving average of $50.81 and a 200 day simple moving average of $47.78. CNA Financial Corporation has a one year low of $41.53 and a one year high of $55.71. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.27 and a quick ratio of 0.27. The firm has a market capitalization of $13.23 billion, a price-to-earnings ratio of 10.75, a PEG ratio of 6.60 and a beta of 0.28.

CNA Financial (NYSE:CNA) last announced its quarterly earnings results on Monday, August 3rd. The insurance provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.08 by $0.11. CNA Financial had a return on equity of 11.34% and a net margin of 8.16%.The business had revenue of $3.83 billion for the quarter, compared to analyst estimates of $2.97 billion. During the same quarter in the prior year, the company earned $1.23 earnings per share. On average, research analysts anticipate that CNA Financial Corporation will post 4.19 earnings per share for the current fiscal year.

CNA Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Monday, August 17th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Monday, August 17th. CNA Financial’s dividend payout ratio (DPR) is currently 42.20%.

Insider Buying and Selling at CNA Financial

In other CNA Financial news, EVP Mark Steven James sold 8,273 shares of the business’s stock in a transaction on 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 owned 26,446 shares in the company, valued at approximately $1,405,604.90. The trade was a 23.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Daniel Paul Franzetti sold 22,656 shares of the business’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $53.09, for a total transaction of $1,202,807.04. Following the sale, the chief accounting officer owned 68,032 shares of the company’s stock, valued at $3,611,818.88. This trade represents a 24.98% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.29% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on CNA shares. Zacks Research upgraded CNA Financial from a “strong sell” rating to a “hold” rating in a report on Thursday, July 16th. Weiss Ratings upgraded CNA Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, July 17th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, CNA Financial presently has an average rating of “Moderate Buy”.

CNA Financial 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.