Y Intercept Hong Kong Ltd Boosts Stake in CNA Financial Corporation $CNA

Y Intercept Hong Kong Ltd grew its stake in CNA Financial Corporation (NYSE:CNA) by 362.6% during the third quarter, HoldingsChannel reports. The fund owned 40,350 shares of the insurance provider’s stock after acquiring an additional 31,628 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in CNA Financial were worth $1,875,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the stock. CORDA Investment Management LLC. grew its stake in CNA Financial by 2.5% in the third quarter. CORDA Investment Management LLC. now owns 701,884 shares of the insurance provider’s stock valued at $32,610,000 after purchasing an additional 17,046 shares during the last quarter. HB Wealth Management LLC grew its position in shares of CNA Financial by 104.3% in the 2nd quarter. HB Wealth Management LLC now owns 10,701 shares of the insurance provider’s stock worth $498,000 after buying an additional 5,464 shares during the last quarter. Russell Investments Group Ltd. lifted its position in CNA Financial by 145.6% during the second quarter. Russell Investments Group Ltd. now owns 214,575 shares of the insurance provider’s stock valued at $9,984,000 after acquiring an additional 127,223 shares during the last quarter. Patrick Mauro Investment Advisor INC. grew its holdings in CNA Financial by 13.3% in the second quarter. Patrick Mauro Investment Advisor INC. now owns 145,703 shares of the insurance provider’s stock worth $6,599,000 after purchasing an additional 17,048 shares during the last quarter. Finally, Torray Investment Partners LLC grew its holdings in CNA Financial by 18.8% in the third quarter. Torray Investment Partners LLC now owns 502,616 shares of the insurance provider’s stock worth $23,352,000 after purchasing an additional 79,698 shares during the last quarter. 98.45% of the stock is owned by institutional investors.

Insider Activity at CNA Financial

In related news, Chairman Dino Robusto sold 6,250 shares of the stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $47.62, for a total value of $297,625.00. Following the completion of the transaction, the chairman directly owned 661,838 shares of the company’s stock, valued at approximately $31,516,725.56. This represents a 0.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 18,750 shares of company stock worth $873,875 in the last three months. 0.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Zacks Research lowered CNA Financial from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 1st. Weiss Ratings restated a “hold (c+)” rating on shares of CNA Financial in a report on Monday, December 29th. Finally, Wall Street Zen upgraded shares of CNA Financial from a “hold” rating to a “buy” rating in a research note on Friday, January 23rd. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $53.00.

CNA Financial Price Performance

NYSE:CNA opened at $47.81 on Friday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.26. CNA Financial Corporation has a 52 week low of $43.29 and a 52 week high of $51.34. The stock’s 50-day moving average price is $46.70 and its 200-day moving average price is $46.41. The stock has a market capitalization of $12.94 billion, a PE ratio of 13.10, a price-to-earnings-growth ratio of 4.56 and a beta of 0.37.

CNA Financial (NYSE:CNA) last released its quarterly earnings results on Monday, November 3rd. The insurance provider reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.25. CNA Financial had a return on equity of 12.78% and a net margin of 6.71%.The company had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $2.84 billion. During the same quarter in the prior year, the firm posted $1.08 EPS. As a group, equities analysts expect that CNA Financial Corporation will post 4.64 EPS for the current fiscal year.

CNA Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Shareholders of record on Monday, November 17th were paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 3.8%. The ex-dividend date was Monday, November 17th. CNA Financial’s payout ratio is 50.41%.

CNA Financial Profile

CNA Financial Corporation is a leading U.S.-based commercial property and casualty insurance company offering a broad portfolio of risk management and insurance solutions. The company underwrites coverage for businesses of all sizes across a variety of industry sectors, including manufacturing, healthcare, energy, technology, construction and real estate. In addition to core property and casualty insurance, CNA delivers specialized products such as surety bonds, professional liability, environmental liability and commercial auto coverage.

Headquartered in Chicago, Illinois, CNA traces its origins to the founding of Continental Casualty Company in 1897.