Creative Planning Buys 10,843 Shares of CNA Financial Corporation $CNA

Creative Planning grew its stake in shares of CNA Financial Corporation (NYSE:CNA) by 48.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 33,006 shares of the insurance provider’s stock after acquiring an additional 10,843 shares during the quarter. Creative Planning’s holdings in CNA Financial were worth $1,536,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Allworth Financial LP grew its position in CNA Financial by 102.3% during the 2nd quarter. Allworth Financial LP now owns 785 shares of the insurance provider’s stock valued at $37,000 after purchasing an additional 397 shares during the last quarter. IFP Advisors Inc lifted its stake in shares of CNA Financial by 240.3% in the second quarter. IFP Advisors Inc now owns 878 shares of the insurance provider’s stock worth $41,000 after buying an additional 620 shares in the last quarter. Atlas Capital Advisors Inc. purchased a new stake in shares of CNA Financial during the first quarter valued at approximately $158,000. Signaturefd LLC increased its position in shares of CNA Financial by 7.7% during the second quarter. Signaturefd LLC now owns 3,680 shares of the insurance provider’s stock valued at $171,000 after acquiring an additional 264 shares in the last quarter. Finally, US Bancorp DE raised its holdings in CNA Financial by 12.4% in the 1st quarter. US Bancorp DE now owns 4,164 shares of the insurance provider’s stock worth $211,000 after acquiring an additional 461 shares during the last quarter. 98.45% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on the company. Weiss Ratings reissued a “buy (b-)” rating on shares of CNA Financial in a report on Tuesday. Wall Street Zen upgraded CNA Financial from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Finally, Zacks Research upgraded shares of CNA Financial from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 17th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $53.00.

CNA Financial Stock Performance

Shares of CNA opened at $46.91 on Friday. The firm has a market capitalization of $12.70 billion, a P/E ratio of 14.61, a PEG ratio of 3.86 and a beta of 0.50. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.27 and a quick ratio of 0.27. CNA Financial Corporation has a one year low of $43.29 and a one year high of $51.42. The business has a fifty day moving average of $45.82 and a 200 day moving average of $46.35.

CNA Financial (NYSE:CNA) last announced its earnings results on Monday, November 3rd. The insurance provider reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.25. The business had revenue of $3.82 billion for the quarter, compared to analysts’ expectations of $2.84 billion. CNA Financial had a return on equity of 11.85% and a net margin of 5.99%.During the same period last year, the firm posted $1.08 earnings per share. As a group, sell-side analysts anticipate that CNA Financial Corporation will post 4.64 EPS for the current year.

CNA Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Monday, November 17th will be paid a $0.46 dividend. The ex-dividend date of this dividend is Monday, November 17th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.9%. CNA Financial’s dividend payout ratio is 50.41%.

Insider Buying and Selling at CNA Financial

In other CNA Financial news, Chairman Dino Robusto sold 6,250 shares of the stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $45.28, for a total value of $283,000.00. Following the completion of the sale, the chairman owned 674,338 shares in the company, valued at approximately $30,534,024.64. This represents a 0.92% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Scott R. Lindquist sold 8,380 shares of the stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $48.98, for a total value of $410,452.40. Following the sale, the chief financial officer owned 81,487 shares of the company’s stock, valued at $3,991,233.26. This represents a 9.32% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 37,130 shares of company stock worth $1,776,865 over the last 90 days. Insiders own 0.36% of the company’s stock.

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.