Frank Rimerman Advisors LLC Takes Position in CNA Financial Co. (NYSE:CNA)

Frank Rimerman Advisors LLC bought a new position in CNA Financial Co. (NYSE:CNA) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 16,867 shares of the insurance provider’s stock, valued at approximately $777,000.

Other large investors have also added to or reduced their stakes in the company. Sei Investments Co. purchased a new stake in CNA Financial in the 2nd quarter valued at $724,000. AE Wealth Management LLC raised its holdings in shares of CNA Financial by 1.1% in the second quarter. AE Wealth Management LLC now owns 39,256 shares of the insurance provider’s stock valued at $1,809,000 after purchasing an additional 431 shares during the last quarter. Hsbc Holdings PLC lifted its position in shares of CNA Financial by 178.9% during the second quarter. Hsbc Holdings PLC now owns 76,136 shares of the insurance provider’s stock valued at $3,505,000 after purchasing an additional 48,837 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in CNA Financial by 12.9% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 10,355 shares of the insurance provider’s stock worth $477,000 after purchasing an additional 1,183 shares during the last quarter. Finally, Parallel Advisors LLC grew its position in CNA Financial by 20.3% in the 2nd quarter. Parallel Advisors LLC now owns 6,703 shares of the insurance provider’s stock worth $309,000 after purchasing an additional 1,130 shares in the last quarter. Institutional investors own 98.45% of the company’s stock.

Insider Buying and Selling at CNA Financial

In other news, EVP Jane Elizabeth Possell sold 4,444 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $48.08, for a total transaction of $213,667.52. Following the completion of the transaction, the executive vice president now owns 30,009 shares in the company, valued at approximately $1,442,832.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other CNA Financial news, EVP Elizabeth Ann Aguinaga sold 26,160 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jane Elizabeth Possell sold 4,444 shares of the firm’s stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $48.08, for a total value of $213,667.52. Following the completion of the transaction, the executive vice president now directly owns 30,009 shares of the company’s stock, valued at $1,442,832.72. The disclosure for this sale can be found here. Insiders have sold a total of 49,151 shares of company stock worth $2,449,311 over the last ninety days. 0.30% of the stock is currently owned by company insiders.

CNA Financial Trading Up 2.6 %

NYSE CNA opened at $49.78 on Tuesday. The business’s fifty day moving average is $49.59 and its 200-day moving average is $46.32. 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 stock has a market capitalization of $13.51 billion, a price-to-earnings ratio of 10.87, a PEG ratio of 3.37 and a beta of 0.65. CNA Financial Co. has a one year low of $37.95 and a one year high of $52.36.

CNA Financial (NYSE:CNA) last announced its quarterly earnings data on Monday, July 29th. The insurance provider reported $1.19 EPS for the quarter, hitting 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 for the quarter, compared to analyst estimates of $3.08 billion. During the same quarter in the previous year, the firm posted $1.13 earnings per share. Equities research analysts predict that CNA Financial Co. will post 4.86 EPS for the current year.

CNA Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Monday, August 12th were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 3.54%. The ex-dividend date of this dividend was Monday, August 12th. CNA Financial’s dividend payout ratio (DPR) is 38.43%.

Analyst Ratings Changes

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

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.