Corient Private Wealth LP Takes Position in CNA Financial Corporation $CNA

Corient Private Wealth LP acquired a new position in CNA Financial Corporation (NYSE:CNA) during the 2nd quarter, Holdings Channel reports. The firm acquired 52,204 shares of the insurance provider’s stock, valued at approximately $2,538,000.

Several other large investors also recently added to or reduced their stakes in the business. Daiwa Securities Group Inc. raised its position in CNA Financial by 5.6% in the fourth quarter. Daiwa Securities Group Inc. now owns 3,972 shares of the insurance provider’s stock worth $190,000 after acquiring an additional 211 shares during the period. Lazard Asset Management LLC raised its holdings in CNA Financial by 6.8% in the 2nd quarter. Lazard Asset Management LLC now owns 3,957 shares of the insurance provider’s stock worth $184,000 after purchasing an additional 253 shares during the period. Focus Partners Wealth grew its holdings in CNA Financial by 2.9% during the third quarter. Focus Partners Wealth now owns 9,305 shares of the insurance provider’s stock valued at $432,000 after purchasing an additional 258 shares during the period. Whittier Trust Co. increased its position in CNA Financial by 13.8% in the first quarter. Whittier Trust Co. now owns 2,275 shares of the insurance provider’s stock worth $105,000 after buying an additional 275 shares in the last quarter. Finally, Hudson Portfolio Management LLC raised its stake in shares of CNA Financial by 0.8% in the fourth quarter. Hudson Portfolio Management LLC now owns 39,980 shares of the insurance provider’s stock worth $1,909,000 after buying an additional 300 shares during the period. 98.45% of the stock is currently owned by institutional investors.

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 sale, the chief accounting officer owned 68,032 shares in the company, valued at $3,611,818.88. The trade was a 24.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mark Steven James sold 8,273 shares of the stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $53.15, for a total transaction of $439,709.95. Following the transaction, the executive vice president directly owned 26,446 shares of the company’s stock, valued at $1,405,604.90. This trade represents a 23.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.29% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Weiss Ratings upgraded CNA Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, July 17th. Zacks Research upgraded shares of CNA Financial from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 16th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, CNA Financial has a consensus rating of “Moderate Buy”.

CNA Financial Stock Performance

NYSE:CNA opened at $48.65 on Thursday. The stock has a 50-day moving average price of $51.03 and a 200 day moving average price of $47.78. The stock has a market capitalization of $13.16 billion, a P/E ratio of 10.69, a P/E/G ratio of 6.50 and a beta of 0.27. CNA Financial Corporation has a 12-month low of $41.53 and a 12-month high of $55.71. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.27.

CNA Financial (NYSE:CNA) last posted its quarterly earnings results on Monday, August 3rd. The insurance provider reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.11. CNA Financial had a return on equity of 11.34% and a net margin of 8.16%.The business had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $2.97 billion. During the same period in the prior year, the company posted $1.23 EPS. Equities research analysts forecast that CNA Financial Corporation will post 4.19 EPS for the current fiscal year.

CNA Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Monday, August 17th will be given a dividend of $0.48 per share. The ex-dividend date is Monday, August 17th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.9%. CNA Financial’s dividend payout ratio is currently 42.20%.

About CNA Financial

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.