Hsbc Holdings PLC Buys New Position in CNA Financial Corporation $CNA

Hsbc Holdings PLC bought a new stake in shares of CNA Financial Corporation (NYSE:CNA) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 155,228 shares of the insurance provider’s stock, valued at approximately $7,622,000. Hsbc Holdings PLC owned 0.06% of CNA Financial at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CNA. Lloyd Advisory Services LLC. bought a new position in shares of CNA Financial in the fourth quarter valued at approximately $25,000. Compass Financial Management LLC acquired a new position in shares of CNA Financial during the second quarter valued at approximately $36,000. State of Wyoming acquired a new position in shares of CNA Financial during the second quarter valued at approximately $53,000. Quantbot Technologies LP bought a new stake in CNA Financial during the second quarter worth approximately $55,000. Finally, CIBC Private Wealth Group LLC raised its holdings in CNA Financial by 142.7% during the third quarter. CIBC Private Wealth Group LLC now owns 1,223 shares of the insurance provider’s stock worth $57,000 after purchasing an additional 719 shares in the last quarter. 98.45% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Insider Buying and Selling at CNA Financial

In other news, EVP Mark Steven James sold 8,273 shares of the business’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 sale, the executive vice president directly owned 26,446 shares of the company’s stock, valued at $1,405,604.90. The trade was a 23.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Daniel Paul Franzetti sold 22,656 shares of the company’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 directly owned 68,032 shares of the company’s stock, valued at approximately $3,611,818.88. This represents a 24.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.29% of the company’s stock.

CNA Financial Stock Up 0.7%

NYSE CNA opened at $49.27 on Friday. CNA Financial Corporation has a 12 month low of $41.53 and a 12 month high of $55.71. The company has a market capitalization of $13.33 billion, a P/E ratio of 10.83, a PEG ratio of 6.53 and a beta of 0.28. The company’s 50 day simple moving average is $50.91 and its 200 day simple moving average is $47.80. 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 (NYSE:CNA) last issued its earnings results on Monday, August 3rd. The insurance provider reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.11. The firm 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 period last year, the firm posted $1.23 earnings per share. Equities research analysts expect that CNA Financial Corporation will post 4.19 earnings per share for the current fiscal year.

CNA Financial Dividend Announcement

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