CNA Financial Corporation $CNA Shares Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC lifted its position in shares of CNA Financial Corporation (NYSE:CNA) by 162.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 54,300 shares of the insurance provider’s stock after purchasing an additional 33,600 shares during the period. Renaissance Technologies LLC’s holdings in CNA Financial were worth $2,493,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of CNA. Lloyd Advisory Services LLC. acquired a new stake in CNA Financial in the fourth quarter valued at $25,000. State of Wyoming purchased a new position in shares of CNA Financial in the 2nd quarter valued at about $53,000. Quantbot Technologies LP purchased a new position in shares of CNA Financial in the 2nd quarter valued at about $55,000. CIBC Private Wealth Group LLC raised its position in shares of CNA Financial by 142.7% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,223 shares of the insurance provider’s stock worth $57,000 after acquiring an additional 719 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its position in shares of CNA Financial by 28.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,435 shares of the insurance provider’s stock worth $67,000 after acquiring an additional 318 shares in the last quarter. Institutional investors and hedge funds own 98.45% of the company’s stock.

Wall Street Analysts Forecast Growth

CNA has been the subject of a number of research analyst reports. Zacks Research raised CNA Financial from a “strong sell” rating to a “hold” rating in a report on Thursday, July 16th. Weiss Ratings raised shares of CNA Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, July 17th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy”.

Insiders Place Their Bets

In other CNA Financial news, CAO Daniel Paul Franzetti sold 22,656 shares of the business’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $53.09, for a total value of $1,202,807.04. Following the transaction, the chief accounting officer directly owned 68,032 shares of the company’s stock, valued at approximately $3,611,818.88. The trade was a 24.98% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Mark Steven James sold 8,273 shares of the company’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $53.15, for a total transaction of $439,709.95. Following the transaction, the executive vice president owned 26,446 shares of the company’s stock, valued at approximately $1,405,604.90. The trade was a 23.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.29% of the company’s stock.

CNA Financial Stock Up 0.0%

CNA stock opened at $52.04 on Monday. The company has a market cap of $14.08 billion, a price-to-earnings ratio of 11.44, a price-to-earnings-growth ratio of 7.03 and a beta of 0.28. The company has a fifty day moving average price of $49.08 and a 200 day moving average price of $47.56. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.27 and a quick ratio of 0.27. CNA Financial Corporation has a 12 month low of $41.53 and a 12 month high of $55.71.

CNA Financial (NYSE:CNA) last released its quarterly earnings results on Monday, August 3rd. The insurance provider reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.11. The firm had revenue of $3.83 billion for the quarter, compared to analyst estimates of $2.97 billion. CNA Financial had a return on equity of 11.34% and a net margin of 8.16%.During the same quarter last year, the company posted $1.23 earnings per share. Sell-side analysts expect that CNA Financial Corporation will post 4.14 earnings per share for the current year.

CNA Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Monday, August 17th will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $1.92 annualized dividend and a dividend yield of 3.7%. CNA Financial’s dividend payout ratio (DPR) is currently 42.20%.

CNA Financial Company 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.