7,440 Shares in CNA Financial Co. (NYSE:CNA) Acquired by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC acquired a new stake in CNA Financial Co. (NYSE:CNA) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 7,440 shares of the insurance provider’s stock, valued at approximately $369,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fairscale Capital LLC purchased a new position in shares of CNA Financial in the second quarter valued at $55,000. GAMMA Investing LLC raised its position 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 acquiring an additional 422 shares during the last quarter. Abich Financial Wealth Management LLC lifted its holdings 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 in the last quarter. Covestor Ltd grew its position in shares of CNA Financial by 82.0% in the first quarter. Covestor Ltd now owns 1,971 shares of the insurance provider’s stock valued at $90,000 after purchasing an additional 888 shares during the last quarter. Finally, Whittier Trust Co. purchased a new position in shares of CNA Financial during the 2nd quarter worth approximately $92,000. 98.45% of the stock is owned by institutional investors and hedge funds.

CNA Financial Stock Down 1.2 %

Shares of NYSE CNA opened at $47.92 on Friday. The firm has a market cap of $12.98 billion, a P/E ratio of 10.17, a price-to-earnings-growth ratio of 3.31 and a beta of 0.64. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.27 and a current ratio of 0.27. CNA Financial Co. has a 1 year low of $38.32 and a 1 year high of $52.36. The firm’s 50 day moving average price is $49.76 and its 200 day moving average price is $47.20.

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, hitting the consensus estimate 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 return on equity of 14.02% and a net margin of 9.27%. During the same quarter last year, the firm earned $1.13 earnings per share. As a group, sell-side analysts anticipate that CNA Financial Co. will post 4.85 earnings per share for the current year.

Insider Buying and Selling

In other CNA Financial news, EVP Mark Steven James sold 18,547 shares of CNA Financial 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 completion of the sale, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related 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 value of $1,297,536.00. Following the transaction, the executive vice president now owns 47,744 shares in the company, valued at approximately $2,368,102.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Mark Steven James sold 18,547 shares of the company’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 sale, the executive vice president now owns 22,917 shares of the company’s stock, valued at $1,159,141.86. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 49,151 shares of company stock worth $2,449,311. 0.30% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on CNA shares. Bank of America upped their target price on CNA Financial from $45.00 to $48.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th. Keefe, Bruyette & Woods increased their price objective 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 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.