Bfsg LLC Has $160,000 Stock Holdings in CNA Financial Co. (NYSE:CNA)

Bfsg LLC decreased its holdings in shares of CNA Financial Co. (NYSE:CNA) by 46.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 3,275 shares of the insurance provider’s stock after selling 2,880 shares during the period. Bfsg LLC’s holdings in CNA Financial were worth $160,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of CNA. AQR Capital Management LLC raised its holdings in CNA Financial by 97.9% during the second quarter. AQR Capital Management LLC now owns 1,152,528 shares of the insurance provider’s stock valued at $51,760,000 after buying an additional 570,172 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in CNA Financial by 45.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,068,956 shares of the insurance provider’s stock worth $49,247,000 after purchasing an additional 334,463 shares during the last quarter. Vanguard Group Inc. boosted its position in CNA Financial by 1.0% during the first quarter. Vanguard Group Inc. now owns 706,279 shares of the insurance provider’s stock worth $32,079,000 after purchasing an additional 7,201 shares during the period. Rhumbline Advisers grew its holdings in CNA Financial by 570.6% during the second quarter. Rhumbline Advisers now owns 529,862 shares of the insurance provider’s stock valued at $24,411,000 after purchasing an additional 450,843 shares during the last quarter. Finally, American Century Companies Inc. raised its position in shares of CNA Financial by 786.5% in the second quarter. American Century Companies Inc. now owns 153,669 shares of the insurance provider’s stock valued at $7,080,000 after purchasing an additional 136,334 shares during the period. Institutional investors own 98.45% of the company’s stock.

Analyst Ratings Changes

CNA has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods boosted their target price on shares of CNA Financial from $48.00 to $53.00 and gave the stock a “market perform” rating in a research report on Thursday, August 1st. Bank of America increased their target price on CNA Financial from $45.00 to $48.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th.

CNA Financial Stock Performance

NYSE CNA opened at $50.72 on Friday. The company’s fifty day moving average is $49.74 and its two-hundred day moving average is $46.84. The firm has a market capitalization of $13.76 billion, a price-to-earnings ratio of 11.07, a P/E/G ratio of 3.31 and a beta of 0.64. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.27 and a quick ratio of 0.27. CNA Financial Co. has a 52-week low of $38.32 and a 52-week high of $52.36.

CNA Financial (NYSE:CNA) last issued its quarterly earnings results on Monday, July 29th. The insurance provider reported $1.19 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.19. CNA Financial had a return on equity of 14.02% and a net margin of 9.27%. The firm had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.08 billion. During the same period in the previous year, the company posted $1.13 earnings per share. Equities research analysts forecast that CNA Financial Co. will post 4.85 EPS for the current year.

CNA Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Monday, August 12th were paid a dividend of $0.44 per share. The ex-dividend date was Monday, August 12th. This represents a $1.76 dividend on an annualized basis and a yield of 3.47%. CNA Financial’s dividend payout ratio is currently 38.43%.

Insider Buying and Selling at CNA Financial

In other news, EVP Elizabeth Ann Aguinaga sold 26,160 shares of CNA Financial stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $49.60, for a total transaction of $1,297,536.00. Following the sale, the executive vice president now directly owns 47,744 shares in the company, valued at approximately $2,368,102.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Jane Elizabeth Possell sold 4,444 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $48.08, for a total value of $213,667.52. Following the sale, the executive vice president now owns 30,009 shares of the company’s stock, valued at approximately $1,442,832.72. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Elizabeth Ann Aguinaga sold 26,160 shares of CNA Financial stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $49.60, for a total transaction of $1,297,536.00. Following the transaction, the executive vice president now directly owns 47,744 shares of the company’s stock, valued at $2,368,102.40. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 49,151 shares of company stock valued at $2,449,311 in the last 90 days. 0.30% of the stock is currently owned by company insiders.

About CNA Financial

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.