CNA Financial Co. (NYSE:CNA) Shares Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC boosted its position in shares of CNA Financial Co. (NYSE:CNA) by 68.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,000 shares of the insurance provider’s stock after buying an additional 4,063 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in CNA Financial were worth $489,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Abich Financial Wealth Management LLC boosted its position in shares of CNA Financial by 17.3% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 2,059 shares of the insurance provider’s stock valued at $95,000 after purchasing an additional 303 shares in the last quarter. Signaturefd LLC lifted its stake in CNA Financial by 10.4% during the second quarter. Signaturefd LLC now owns 3,897 shares of the insurance provider’s stock valued at $180,000 after purchasing an additional 366 shares during the last quarter. GAMMA Investing LLC boosted its holdings in CNA Financial by 36.9% during the second quarter. GAMMA Investing LLC now owns 1,566 shares of the insurance provider’s stock worth $72,000 after buying an additional 422 shares in the last quarter. AE Wealth Management LLC grew its position in CNA Financial by 1.1% in the second quarter. AE Wealth Management LLC now owns 39,256 shares of the insurance provider’s stock worth $1,809,000 after buying an additional 431 shares during the last quarter. Finally, Wakefield Asset Management LLLP increased its holdings in shares of CNA Financial by 4.5% in the second quarter. Wakefield Asset Management LLLP now owns 10,205 shares of the insurance provider’s stock valued at $470,000 after buying an additional 440 shares in the last quarter. 98.45% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Bank of America raised their price objective on CNA Financial from $45.00 to $48.00 and gave the stock an “underperform” rating in a research note on Thursday, October 10th. StockNews.com cut CNA Financial from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Keefe, Bruyette & Woods boosted their price objective on CNA Financial from $54.00 to $55.00 and gave the stock a “market perform” rating in a report on Friday.

Insider Activity

In other news, EVP Elizabeth Ann Aguinaga sold 26,160 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $49.60, for a total value of $1,297,536.00. Following the completion of the sale, the executive vice president now directly owns 47,744 shares of the company’s stock, valued at $2,368,102.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other CNA Financial news, EVP Mark Steven James sold 18,547 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $50.58, for a total value of $938,107.26. Following the transaction, the executive vice president now owns 22,917 shares in the company, valued at $1,159,141.86. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Elizabeth Ann Aguinaga sold 26,160 shares of the company’s stock in a transaction dated 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 completion of the transaction, the executive vice president now directly owns 47,744 shares in the company, valued at approximately $2,368,102.40. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.30% of the stock is owned by corporate insiders.

CNA Financial Trading Up 1.2 %

CNA Financial stock opened at $49.29 on Friday. CNA Financial Co. has a 52 week low of $38.32 and a 52 week high of $52.36. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.27 and a current ratio of 0.26. The firm has a market capitalization of $13.35 billion, a price-to-earnings ratio of 10.27, a P/E/G ratio of 3.41 and a beta of 0.65. The company has a 50 day moving average price of $49.36 and a 200 day moving average price of $47.39.

CNA Financial (NYSE:CNA) last issued its earnings results on Monday, November 4th. The insurance provider reported $1.08 EPS for the quarter, topping the consensus estimate of $1.07 by $0.01. The business had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.15 billion. CNA Financial had a return on equity of 13.30% and a net margin of 9.26%. During the same quarter last year, the firm posted $1.06 earnings per share. Research analysts forecast that CNA Financial Co. will post 4.55 EPS for the current year.

CNA Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Monday, November 18th will be paid a dividend of $0.44 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.76 annualized dividend and a yield of 3.57%. CNA Financial’s dividend payout ratio (DPR) is presently 36.67%.

CNA Financial Company 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.