Signaturefd LLC increases its equity position in CNA Financial Co. (NYSE:CNA)
Signaturefd LLC increased its position in CNA Financial Co. (NYSE: ANC – Get a rating) by 103.5% in the 1st quarter, according to its most recent communication to the Securities and Exchange Commission. The company held 578 shares of the insurance provider after buying an additional 294 shares during the quarter. Signaturefd LLC’s holdings in CNA Financial were worth $28,000 when it last filed with the Securities and Exchange Commission.
Other large investors have also increased or reduced their stake in the company. Qube Research & Technologies Ltd increased its position in CNA Financial by 22.2% in the 4th quarter. Qube Research & Technologies Ltd now owns 84,634 shares of the insurance provider valued at $3,731,000 after buying an additional 15,364 shares in the last quarter. Hilltop Holdings Inc. bought a new position in CNA Financial in the fourth quarter worth approximately $201,000. Deroy & Devereaux Private Investment Counsel Inc. increased its stake in CNA Financial by 1.2% during the 1st quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 332,671 shares of the insurance provider valued at $16,174,000 after buying 3,932 additional shares in the last quarter. Allworth Financial LP purchased a new stake in CNA Financial during Q1 worth approximately $27,000. Finally, Advisor Group Holdings Inc. raised its position in CNA Financial shares by 618.4% in the fourth quarter. Advisor Group Holdings Inc. now owns 5,589 shares of the insurance provider valued at $246,000 after buying an additional 4,811 shares last quarter. 99.04% of the shares are held by institutional investors and hedge funds.
Insider Activity at CNA Financial
In other CNA Financial news, Director Michael A. Bless bought 2,500 shares in a trade on Tuesday, May 10. The shares were purchased at an average price of $44.18 per share, for a total transaction of $110,450.00. Following the completion of the purchase, the director now directly owns 2,500 shares of the company, valued at $110,450. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, accessible via this hyperlink. In other news from CNA Financial, Director Michael A. Bless bought 2,500 shares of the company in a trade on Tuesday, May 10. The shares were purchased at an average price of $44.18 per share, with a total value of $110,450.00. Following the completion of the acquisition, the director now directly owns 2,500 shares of the company, valued at approximately $110,450. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this hyperlink. Also, VPE Daniel Paul Franzetti sold 9,486 shares of the company in a transaction that took place on Tuesday, May 24. The shares were sold at an average price of $44.79, for a total value of $424,877.94. Following the transaction, the executive vice president now directly owns 41,830 shares of the company, valued at $1,873,565.70. Disclosure of this sale can be found here. Company insiders own 0.24% of the company’s shares.
Changes to analyst ratings
Separately, StockNews.com downgraded CNA Financial shares from a “buy” rating to a “hold” rating in a research report on Sunday.
CNA Financial Award Performance
Shares of NAC Action opened at $42.42 on Friday. The company has a market capitalization of $11.51 billion, a P/E ratio of 9.60, a P/E/G ratio of 2.16 and a beta of 0.73. The company has a fifty-day moving average of $44.05 and a two-hundred-day moving average of $45.79. The company has a debt ratio of 0.26, a current ratio of 0.25 and a quick ratio of 0.25. CNA Financial Co. has a 1-year low of $41.44 and a 1-year high of $50.33.
CNA Financial (NYSE: ANC – Get a rating) last released its quarterly results on Monday, May 2. The insurance provider reported EPS of $1.16 for the quarter, missing analyst consensus estimates of $1.17 per ($0.01). CNA Financial had a return on equity of 9.47% and a net margin of 10.09%. The company posted revenue of $2.51 billion in the quarter, versus analyst estimates of $2.61 billion. In the same quarter last year, the company posted earnings per share of $0.96. As a group, research analysts expect CNA Financial Co. to post 4 earnings per share for the current fiscal year.
CNA Financial increases its dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, June 2. Shareholders of record on Monday, May 16 received a dividend of $0.40. This represents a dividend of $1.60 on an annualized basis and a dividend yield of 3.77%. This is an increase from CNA Financial’s previous quarterly dividend of $0.38. The ex-dividend date was Friday, May 13. CNA Financial’s payout ratio is 36.20%.
About CNA Financial
CNA Financial Corporation offers P&C insurance products to businesses primarily in the United States. It operates through Specialty, Commercial, International, Life & Group, and Corporate & Other segments. The Company provides professional liability coverage and risk management services to a variety of professional firms, including architects, real estate agents, accounting firms and law firms; directors and officers, employment practices, fiduciary and loyalty coverages for small and medium enterprises, public and private companies and non-profit organizations; professional and general liability and associated standard property and casualty coverages for the healthcare sector; bonds and surety bonds; and warranty and alternative risk products.
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