Susquehanna Fundamental Investments LLC Sells 36,867 Shares of CNA Financial Corporation $CNA

Susquehanna Fundamental Investments LLC cut its holdings in shares of CNA Financial Corporation (NYSE:CNA) by 42.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 49,399 shares of the insurance provider’s stock after selling 36,867 shares during the quarter. Susquehanna Fundamental Investments LLC’s holdings in CNA Financial were worth $2,401,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. bought a new position in CNA Financial during the second quarter worth $80,193,000. CORDA Investment Management LLC. acquired a new stake in shares of CNA Financial during the 2nd quarter worth about $36,638,000. First Trust Advisors LP lifted its stake in shares of CNA Financial by 34.6% during the 1st quarter. First Trust Advisors LP now owns 2,101,092 shares of the insurance provider’s stock worth $96,482,000 after buying an additional 540,448 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of CNA Financial by 409.1% during the 3rd quarter. Millennium Management LLC now owns 604,963 shares of the insurance provider’s stock worth $28,107,000 after buying an additional 486,127 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its stake in CNA Financial by 1,509,521.9% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 483,079 shares of the insurance provider’s stock valued at $23,062,000 after buying an additional 483,047 shares during the last quarter. Institutional investors own 98.45% of the company’s stock.

Insider Transactions at CNA Financial

In other CNA Financial news, CAO Daniel Paul Franzetti sold 22,656 shares of the business’s stock in a transaction dated 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 completion of the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Mark Steven James sold 8,273 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $1,405,604.90. The trade was a 23.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.29% of the company’s stock.

CNA Financial Stock Up 0.1%

CNA stock opened at $48.60 on Wednesday. CNA Financial Corporation has a fifty-two week low of $41.53 and a fifty-two week high of $55.71. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.27 and a quick ratio of 0.27. The stock has a market capitalization of $13.15 billion, a price-to-earnings ratio of 10.68, a PEG ratio of 6.48 and a beta of 0.27. The business’s fifty day moving average price is $50.99 and its two-hundred day moving average price is $47.78.

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

CNA Financial Dividend Announcement

The firm also recently disclosed 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 is Monday, August 17th. This represents a $1.92 annualized dividend and a yield of 4.0%. CNA Financial’s payout ratio is 42.20%.

Wall Street Analysts Forecast Growth

CNA has been the topic of several research analyst reports. Zacks Research upgraded shares of CNA Financial from a “strong sell” rating to a “hold” rating in a research report 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 investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

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.