APG Asset Management N.V. Buys Shares of 11,800 CNA Financial Co. (NYSE:CNA)

APG Asset Management N.V. purchased a new position in shares of CNA Financial Co. (NYSE:CNA) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,800 shares of the insurance provider’s stock, valued at approximately $507,000.

Other large investors also recently modified their holdings of the company. Norges Bank acquired a new position in CNA Financial in the 4th quarter worth about $14,296,000. Quadrature Capital Ltd raised its holdings in CNA Financial by 9.2% in the 4th quarter. Quadrature Capital Ltd now owns 9,219 shares of the insurance provider’s stock valued at $390,000 after buying an additional 780 shares during the last quarter. Symmetry Partners LLC acquired a new stake in CNA Financial during the 1st quarter worth approximately $221,000. GAMMA Investing LLC grew its holdings in CNA Financial by 28.5% during 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 last quarter. Finally, Alaska Permanent Fund Corp increased its position in CNA Financial by 4.0% in the 1st quarter. Alaska Permanent Fund Corp now owns 156,005 shares of the insurance provider’s stock valued at $7,086,000 after acquiring an additional 6,058 shares during the period. 98.45% of the stock is currently owned by institutional investors.

CNA Financial Price Performance

CNA Financial stock opened at $49.11 on Wednesday. The firm has a market cap of $13.32 billion, a P/E ratio of 10.72, a P/E/G ratio of 3.39 and a beta of 0.65. The stock’s 50 day moving average is $49.71 and its 200 day moving average is $46.52. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.27 and a quick ratio of 0.27. CNA Financial Co. has a one year low of $37.95 and a one year high of $52.36.

CNA Financial (NYSE:CNA) last posted its quarterly earnings data on Monday, July 29th. The insurance provider reported $1.19 EPS for the quarter, meeting analysts’ consensus estimates of $1.19. CNA Financial had a net margin of 9.27% and a return on equity of 14.02%. The company had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.08 billion. During the same period in the prior year, the firm posted $1.13 EPS. As a group, research analysts expect that CNA Financial Co. will post 4.87 EPS for the current year.

CNA Financial Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.76 dividend on an annualized basis and a yield of 3.58%. CNA Financial’s payout ratio is currently 38.43%.

Insider Transactions at CNA Financial

In related news, 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 transaction of $1,297,536.00. Following the sale, the executive vice president now owns 47,744 shares in the company, valued at approximately $2,368,102.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other CNA Financial news, EVP Jane Elizabeth Possell sold 4,444 shares of CNA Financial stock in a transaction on 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 $1,442,832.72. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Elizabeth Ann Aguinaga sold 26,160 shares of the company’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 transaction, the executive vice president now directly owns 47,744 shares in the company, valued at $2,368,102.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 49,151 shares of company stock valued at $2,449,311. Corporate insiders own 0.30% of the company’s stock.

Analysts Set New Price Targets

Separately, Keefe, Bruyette & Woods lifted their price target 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 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.