Odyssean LLC Makes New Investment in CNA Financial Corporation $CNA

Odyssean LLC acquired a new stake in CNA Financial Corporation (NYSE:CNA) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 20,716 shares of the insurance provider’s stock, valued at approximately $1,007,000.

A number of other institutional investors also recently modified their holdings of the stock. Amundi grew its stake in shares of CNA Financial by 5.3% during the first quarter. Amundi now owns 7,787 shares of the insurance provider’s stock valued at $395,000 after purchasing an additional 389 shares during the last quarter. Goldman Sachs Group Inc. raised its position in CNA Financial by 0.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 351,997 shares of the insurance provider’s stock worth $17,878,000 after purchasing an additional 2,466 shares during the last quarter. Empowered Funds LLC lifted its holdings in CNA Financial by 12.9% during the 1st quarter. Empowered Funds LLC now owns 5,966 shares of the insurance provider’s stock worth $303,000 after buying an additional 684 shares in the last quarter. Focus Partners Wealth acquired a new position in CNA Financial during the 1st quarter worth $281,000. Finally, Quantbot Technologies LP bought a new position in CNA Financial in the 2nd quarter valued at $55,000. 98.45% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CNA has been the subject of several research reports. Zacks Research raised CNA Financial from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 16th. Weiss Ratings upgraded CNA Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, July 17th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Insider Transactions at CNA Financial

In other CNA Financial news, EVP Mark Steven James sold 8,273 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $1,405,604.90. This trade represents a 23.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Daniel Paul Franzetti sold 22,656 shares of the business’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $53.09, for a total value of $1,202,807.04. Following the transaction, the chief accounting officer owned 68,032 shares of the company’s stock, valued at $3,611,818.88. The trade was a 24.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.29% of the stock is currently owned by company insiders.

CNA Financial Price Performance

Shares of CNA stock opened at $49.27 on Monday. The firm’s 50 day moving average price is $50.91 and its two-hundred day moving average price is $47.79. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.27 and a current ratio of 0.27. CNA Financial Corporation has a 52-week low of $41.53 and a 52-week high of $55.71. The stock has a market cap of $13.33 billion, a PE ratio of 10.83, a PEG ratio of 6.58 and a beta of 0.28.

CNA Financial (NYSE:CNA) last issued its earnings results on Monday, August 3rd. The insurance provider reported $1.19 EPS for the quarter, beating the consensus estimate of $1.08 by $0.11. The company had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $2.97 billion. CNA Financial had a net margin of 8.16% and a return on equity of 11.34%. During the same quarter in the previous year, the company posted $1.23 EPS. As a group, analysts forecast that CNA Financial Corporation will post 4.19 EPS for the current year.

CNA Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Monday, August 17th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $1.92 annualized dividend and a yield of 3.9%. CNA Financial’s dividend payout ratio is presently 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.