1,150 Shares in CNA Financial Co. (NYSE:CNA) Bought by Fairscale Capital LLC

Fairscale Capital LLC bought a new stake in CNA Financial Co. (NYSE:CNA) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 1,150 shares of the insurance provider’s stock, valued at approximately $55,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC increased its holdings in shares of CNA Financial by 28.5% in the 1st quarter. GAMMA Investing LLC now owns 1,144 shares of the insurance provider’s stock worth $52,000 after acquiring an additional 254 shares during the period. Abich Financial Wealth Management LLC increased its stake in shares of CNA Financial by 39.1% in the first quarter. Abich Financial Wealth Management LLC now owns 1,756 shares of the insurance provider’s stock valued at $80,000 after purchasing an additional 494 shares during the period. Covestor Ltd raised its holdings in shares of CNA Financial by 82.0% during the first quarter. Covestor Ltd now owns 1,971 shares of the insurance provider’s stock valued at $90,000 after buying an additional 888 shares during the last quarter. Whittier Trust Co. acquired a new position in shares of CNA Financial during the second quarter worth approximately $92,000. Finally, Blue Trust Inc. bought a new position in CNA Financial in the 2nd quarter worth approximately $94,000. Institutional investors and hedge funds own 98.45% of the company’s stock.

Insider Activity

In related news, EVP Jane Elizabeth Possell sold 4,444 shares of CNA Financial stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $48.08, for a total transaction of $213,667.52. Following the transaction, the executive vice president now directly owns 30,009 shares of the company’s stock, valued at $1,442,832.72. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other CNA Financial news, EVP Jane Elizabeth Possell sold 4,444 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $48.08, for a total value of $213,667.52. Following the completion of the sale, the executive vice president now directly owns 30,009 shares of the company’s stock, valued at approximately $1,442,832.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Mark Steven James sold 18,547 shares of CNA Financial stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $50.58, for a total transaction 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 approximately $1,159,141.86. The disclosure for this sale can be found here. Insiders sold a total of 49,151 shares of company stock worth $2,449,311 over the last 90 days. 0.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods lifted their target price on CNA Financial from $48.00 to $53.00 and gave the company a “market perform” rating in a research note on Thursday, August 1st.

CNA Financial Stock Performance

Shares of CNA opened at $48.52 on Monday. The firm has a market capitalization of $13.16 billion, a PE ratio of 10.59, a P/E/G ratio of 3.37 and a beta of 0.65. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.30. The firm has a 50-day moving average price of $49.54 and a 200 day moving average price of $46.27. CNA Financial Co. has a 52-week low of $37.95 and a 52-week high of $52.36.

CNA Financial (NYSE:CNA) last posted its quarterly earnings data on Monday, July 29th. The insurance provider reported $1.19 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.19. CNA Financial had a net margin of 9.27% and a return on equity of 14.02%. The business had revenue of $3.52 billion during the quarter, compared to analysts’ expectations of $3.08 billion. During the same period last year, the firm posted $1.13 earnings per share. On average, sell-side analysts anticipate that CNA Financial Co. will post 4.86 earnings per share for the current fiscal year.

CNA Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Monday, August 12th were paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date of this dividend was Monday, August 12th. CNA Financial’s dividend payout ratio is presently 38.43%.

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.