CNA Financial Co. (NYSE:CNA) Stock Holdings Increased by Axa S.A.

Axa S.A. grew its position in shares of CNA Financial Co. (NYSE:CNA) by 23.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 153,414 shares of the insurance provider’s stock after buying an additional 28,674 shares during the period. Axa S.A. owned about 0.06% of CNA Financial worth $7,068,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Abich Financial Wealth Management LLC lifted its stake in CNA Financial by 17.3% during the second quarter. Abich Financial Wealth Management LLC now owns 2,059 shares of the insurance provider’s stock worth $95,000 after purchasing an additional 303 shares during the last quarter. Caxton Associates LP lifted its position in shares of CNA Financial by 170.8% in the 2nd quarter. Caxton Associates LP now owns 13,941 shares of the insurance provider’s stock worth $642,000 after buying an additional 8,792 shares during the last quarter. Bank of Montreal Can lifted its position in shares of CNA Financial by 17.8% in the 2nd quarter. Bank of Montreal Can now owns 12,019 shares of the insurance provider’s stock worth $557,000 after buying an additional 1,816 shares during the last quarter. Fairscale Capital LLC acquired a new position in shares of CNA Financial in the 2nd quarter valued at about $55,000. Finally, Frank Rimerman Advisors LLC bought a new stake in shares of CNA Financial during the 2nd quarter valued at about $777,000. Institutional investors and hedge funds own 98.45% of the company’s stock.

Insider Buying and Selling

In other CNA Financial news, EVP Elizabeth Ann Aguinaga sold 26,160 shares of CNA Financial stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $49.60, for a total transaction of $1,297,536.00. Following the sale, the executive vice president now owns 47,744 shares of the company’s stock, valued at approximately $2,368,102.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Mark Steven James sold 18,547 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were 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 directly owns 22,917 shares in the company, valued at $1,159,141.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Elizabeth Ann Aguinaga sold 26,160 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $49.60, for a total value of $1,297,536.00. Following the sale, the executive vice president now directly owns 47,744 shares in the company, valued at approximately $2,368,102.40. The disclosure for this sale can be found here. Insiders sold 49,151 shares of company stock valued at $2,449,311 in the last three months. 0.30% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods raised their target price on shares of CNA Financial from $48.00 to $53.00 and gave the stock a “market perform” rating in a report on Thursday, August 1st.

CNA Financial Price Performance

Shares of NYSE CNA opened at $48.90 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.27 and a quick ratio of 0.27. The firm has a market capitalization of $13.27 billion, a PE ratio of 10.68, a P/E/G ratio of 3.39 and a beta of 0.65. CNA Financial Co. has a 1-year low of $37.95 and a 1-year high of $52.36. The business’s fifty day moving average price is $49.64 and its two-hundred day moving average price is $46.43.

CNA Financial (NYSE:CNA) last released its quarterly earnings data on Monday, July 29th. The insurance provider reported $1.19 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.19. The business had revenue of $3.52 billion for the quarter, compared to analysts’ expectations of $3.08 billion. CNA Financial had a net margin of 9.27% and a return on equity of 14.02%. During the same quarter last year, the company earned $1.13 EPS. On average, research analysts expect that CNA Financial Co. will post 4.87 EPS for the current year.

CNA Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Monday, August 12th were given a dividend of $0.44 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.76 annualized dividend and a dividend yield of 3.60%. CNA Financial’s dividend payout ratio is presently 38.43%.

CNA Financial 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.