CNA Financial Co. (NYSE:CNA) Major Shareholder Corp Loews Buys 47,899 Shares

CNA Financial Co. (NYSE:CNAGet Rating) major shareholder Corp Loews acquired 47,899 shares of CNA Financial stock in a transaction on Thursday, September 8th. The shares were purchased at an average price of $40.08 per share, for a total transaction of $1,919,791.92. Following the completion of the acquisition, the insider now directly owns 243,526,599 shares in the company, valued at $9,760,546,087.92. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Corp Loews also recently made the following trade(s):

  • On Tuesday, September 6th, Corp Loews acquired 48,199 shares of CNA Financial stock. The shares were purchased at an average price of $39.56 per share, for a total transaction of $1,906,752.44.

CNA Financial Trading Down 0.2 %

Shares of NYSE:CNA opened at $40.06 on Friday. CNA Financial Co. has a 12-month low of $38.23 and a 12-month high of $50.33. The business’s fifty day simple moving average is $41.50 and its 200-day simple moving average is $44.49. The company has a market capitalization of $10.87 billion, a PE ratio of 10.49, a P/E/G ratio of 2.17 and a beta of 0.68. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.29.

CNA Financial (NYSE:CNAGet Rating) last announced its quarterly earnings results on Monday, August 1st. The insurance provider reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.13). CNA Financial had a net margin of 8.80% and a return on equity of 9.28%. During the same period in the previous year, the company earned $1.25 earnings per share. As a group, equities research analysts predict that CNA Financial Co. will post 3.7 earnings per share for the current fiscal year.

CNA Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Monday, August 15th were given a $0.40 dividend. The ex-dividend date of this dividend was Friday, August 12th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.99%. CNA Financial’s payout ratio is 41.88%.

Institutional Trading of CNA Financial

A number of institutional investors have recently made changes to their positions in CNA. Advisor Group Holdings Inc. boosted its position in shares of CNA Financial by 618.4% in the 4th quarter. Advisor Group Holdings Inc. now owns 5,589 shares of the insurance provider’s stock worth $246,000 after purchasing an additional 4,811 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of CNA Financial by 1.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 787,963 shares of the insurance provider’s stock worth $34,733,000 after purchasing an additional 11,098 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in shares of CNA Financial in the 4th quarter worth $39,000. WINTON GROUP Ltd boosted its position in shares of CNA Financial by 2.9% in the 4th quarter. WINTON GROUP Ltd now owns 27,325 shares of the insurance provider’s stock worth $1,204,000 after purchasing an additional 767 shares in the last quarter. Finally, Rafferty Asset Management LLC boosted its position in shares of CNA Financial by 9.9% in the 4th quarter. Rafferty Asset Management LLC now owns 14,583 shares of the insurance provider’s stock worth $643,000 after purchasing an additional 1,315 shares in the last quarter. Institutional investors and hedge funds own 98.54% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded CNA Financial from a “buy” rating to a “hold” rating in a report on Sunday, July 31st.

CNA Financial Company Profile

(Get Rating)

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

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