Amalgamated Bank Sells 2,662 Shares of CNA Financial Co. (NYSE:CNA)

Amalgamated Bank cut its stake in CNA Financial Co. (NYSE:CNA) by 68.9% in the 3rd quarter, Holdings Channel.com reports. The fund owned 1,202 shares of the insurance provider’s stock after selling 2,662 shares during the quarter. Amalgamated Bank’s holdings in CNA Financial were worth $59,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CNA. New York State Common Retirement Fund raised its holdings in shares of CNA Financial by 366.7% during the 3rd quarter. New York State Common Retirement Fund now owns 1,401,539 shares of the insurance provider’s stock worth $68,591,000 after buying an additional 1,101,217 shares in the last quarter. US Bancorp DE grew its holdings in CNA Financial by 26.6% during the 3rd quarter. US Bancorp DE now owns 3,449 shares of the insurance provider’s stock worth $169,000 after acquiring an additional 725 shares during the last quarter. Measured Wealth Private Client Group LLC increased its holdings in CNA Financial by 4.4% in the third quarter. Measured Wealth Private Client Group LLC now owns 13,605 shares of the insurance provider’s stock valued at $666,000 after purchasing an additional 578 shares during the period. Pallas Capital Advisors LLC bought a new position in shares of CNA Financial during the third quarter worth about $369,000. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in CNA Financial by 68.4% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 10,000 shares of the insurance provider’s stock worth $489,000 after purchasing an additional 4,063 shares during the last quarter. Institutional investors own 98.45% of the company’s stock.

Insider Activity

In other news, EVP Douglas Worman sold 22,973 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $48.75, for a total transaction of $1,119,933.75. Following the completion of the sale, the executive vice president now owns 133,777 shares of the company’s stock, valued at approximately $6,521,628.75. This represents a 14.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Mark Steven James sold 18,547 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $50.58, for a total transaction of $938,107.26. Following the completion of the transaction, the executive vice president now owns 22,917 shares in the company, valued at $1,159,141.86. This represents a 44.73 % decrease in their position. The disclosure for this sale can be found here. 0.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

CNA has been the subject of several research analyst reports. Bank of America lifted their price objective on CNA Financial from $45.00 to $48.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th. StockNews.com raised shares of CNA Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, November 13th. Finally, Keefe, Bruyette & Woods upped their price objective on CNA Financial from $54.00 to $55.00 and gave the company a “market perform” rating in a research note on Friday, November 8th.

CNA Financial Price Performance

Shares of NYSE:CNA opened at $48.92 on Tuesday. The stock has a market cap of $13.25 billion, a P/E ratio of 10.19, a P/E/G ratio of 6.31 and a beta of 0.65. CNA Financial Co. has a 12 month low of $39.75 and a 12 month high of $52.36. The company has a 50 day moving average of $48.99 and a 200 day moving average of $47.63. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.28.

CNA Financial (NYSE:CNA) last posted its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.01. The firm had revenue of $3.62 billion for the quarter, compared to analysts’ expectations of $3.15 billion. CNA Financial had a net margin of 9.26% and a return on equity of 13.30%. During the same quarter last year, the company posted $1.06 EPS. As a group, sell-side analysts forecast that CNA Financial Co. will post 4.65 EPS for the current fiscal year.

CNA Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Monday, November 18th will be issued a $0.44 dividend. The ex-dividend date is Monday, November 18th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.60%. CNA Financial’s payout ratio is 36.67%.

CNA Financial Profile

CNA Financial Corporation provides commercial property and casualty insurance products in the United States and internationally. It operates through Specialty, Commercial, International, Life & Group, and Corporate & Other segments. The company offers professional liability coverages and risk management services to various professional firms, including architects, real estate agents, and accounting and law firms; directors and officers, employment practices, fiduciary, and fidelity and cyber coverages to small and mid-size firms, public and privately held firms, and not-for-profit organizations; professional and general liability, as well as associated casualty coverages for healthcare industry; surety and fidelity bonds; and warranty and alternative risks products.