CNA Financial Co. (NYSE:CNA) Shares Sold by Mraz Amerine & Associates Inc.

Mraz Amerine & Associates Inc. reduced its position in shares of CNA Financial Co. (NYSE:CNA) by 21.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 11,650 shares of the insurance provider’s stock after selling 3,217 shares during the quarter. Mraz Amerine & Associates Inc.’s holdings in CNA Financial were worth $570,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. AQR Capital Management LLC boosted its stake in shares of CNA Financial by 97.9% during the 2nd quarter. AQR Capital Management LLC now owns 1,152,528 shares of the insurance provider’s stock worth $51,760,000 after purchasing an additional 570,172 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of CNA Financial by 45.5% during 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 stake in shares of CNA Financial by 1.0% during the 1st 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 last quarter. Rhumbline Advisers boosted its position in shares of CNA Financial by 570.6% in the second quarter. Rhumbline Advisers now owns 529,862 shares of the insurance provider’s stock worth $24,411,000 after acquiring an additional 450,843 shares during the last quarter. Finally, American Century Companies Inc. boosted 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 worth $7,080,000 after acquiring an additional 136,334 shares during the last quarter. 98.45% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Jane Elizabeth Possell sold 4,444 shares of CNA Financial stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $48.08, for a total transaction of $213,667.52. Following the sale, the executive vice president now owns 30,009 shares of the company’s stock, valued at $1,442,832.72. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, EVP Jane Elizabeth Possell sold 4,444 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $48.08, for a total transaction of $213,667.52. Following the completion of the sale, the executive vice president now owns 30,009 shares of the company’s stock, valued at approximately $1,442,832.72. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 sale, the executive vice president now directly owns 22,917 shares of the company’s stock, valued at $1,159,141.86. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 49,151 shares of company stock worth $2,449,311. 0.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

CNA has been the topic of several research analyst reports. Bank of America raised their target price on shares of CNA Financial from $45.00 to $48.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th. Keefe, Bruyette & Woods raised 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.

CNA Financial Trading Down 0.2 %

Shares of CNA stock opened at $49.54 on Friday. The stock has a market cap of $13.44 billion, a price-to-earnings ratio of 10.82, a price-to-earnings-growth ratio of 3.31 and a beta of 0.64. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.30. CNA Financial Co. has a fifty-two week low of $38.32 and a fifty-two week high of $52.36. The firm’s 50 day moving average price is $49.87 and its two-hundred day moving average price is $47.04.

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

CNA Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Stockholders 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 dividend yield of 3.55%. CNA Financial’s dividend payout ratio is currently 38.43%.

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.