Cubist Systematic Strategies LLC Has $4.78 Million Position in CNA Financial Co. (NYSE:CNA)

Cubist Systematic Strategies LLC increased its position in shares of CNA Financial Co. (NYSE:CNA) by 3.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 98,801 shares of the insurance provider’s stock after buying an additional 3,502 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in CNA Financial were worth $4,779,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of CNA. AQR Capital Management LLC raised its stake in shares of CNA Financial by 41.4% during the 4th quarter. AQR Capital Management LLC now owns 1,939,336 shares of the insurance provider’s stock worth $93,806,000 after purchasing an additional 567,926 shares in the last quarter. First Trust Advisors LP lifted its stake in CNA Financial by 20.1% in the fourth quarter. First Trust Advisors LP now owns 1,486,853 shares of the insurance provider’s stock valued at $71,919,000 after acquiring an additional 249,346 shares during the last quarter. Bank of New York Mellon Corp grew its position in CNA Financial by 66.0% in the fourth quarter. Bank of New York Mellon Corp now owns 1,177,110 shares of the insurance provider’s stock worth $56,937,000 after acquiring an additional 468,058 shares in the last quarter. CORDA Investment Management LLC. increased its stake in shares of CNA Financial by 1.8% during the 4th quarter. CORDA Investment Management LLC. now owns 661,532 shares of the insurance provider’s stock worth $31,998,000 after purchasing an additional 11,597 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of CNA Financial by 36.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 363,389 shares of the insurance provider’s stock valued at $17,577,000 after purchasing an additional 97,180 shares in the last quarter. Institutional investors and hedge funds own 98.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on CNA shares. StockNews.com cut shares of CNA Financial from a “buy” rating to a “hold” rating in a report on Tuesday, February 11th. Keefe, Bruyette & Woods lowered their price objective on CNA Financial from $54.00 to $53.00 and set a “market perform” rating on the stock in a report on Wednesday, February 12th.

Insider Buying and Selling at CNA Financial

In other news, Chairman Dino Robusto acquired 3,896 shares of the firm’s stock in a transaction dated Thursday, March 13th. The shares were bought at an average price of $47.63 per share, with a total value of $185,566.48. Following the acquisition, the chairman now owns 724,338 shares of the company’s stock, valued at $34,500,218.94. This trade represents a 0.54 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Daniel Paul Franzetti sold 12,991 shares of the firm’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $49.06, for a total value of $637,338.46. Following the completion of the transaction, the chief accounting officer now directly owns 75,612 shares of the company’s stock, valued at approximately $3,709,524.72. This trade represents a 14.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 31,741 shares of company stock valued at $1,559,401 in the last ninety days. Company insiders own 0.30% of the company’s stock.

CNA Financial Stock Performance

NYSE:CNA opened at $48.39 on Friday. The firm has a market capitalization of $13.07 billion, a PE ratio of 13.75, a PEG ratio of 9.23 and a beta of 0.53. CNA Financial Co. has a 1 year low of $42.85 and a 1 year high of $52.36. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.28. The firm’s fifty day simple moving average is $48.41 and its 200 day simple moving average is $48.61.

CNA Financial (NYSE:CNA) last posted its quarterly earnings data on Monday, May 5th. The insurance provider reported $1.03 EPS for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.13). The business had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.68 billion. CNA Financial had a return on equity of 12.90% and a net margin of 6.72%. During the same quarter in the previous year, the firm posted $1.30 earnings per share. On average, sell-side analysts anticipate that CNA Financial Co. will post 4.64 EPS for the current year.

CNA Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Monday, May 19th will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 3.80%. The ex-dividend date of this dividend is Monday, May 19th. CNA Financial’s payout ratio is currently 52.27%.

About CNA Financial

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.