Norges Bank Acquires New Position in CNA Financial Corporation $CNA

Norges Bank acquired a new stake in shares of CNA Financial Corporation (NYSE:CNA) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 349,329 shares of the insurance provider’s stock, valued at approximately $16,677,000. Norges Bank owned about 0.13% of CNA Financial as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of CNA. Lloyd Advisory Services LLC. purchased a new stake in CNA Financial during the 4th quarter valued at about $25,000. Ameriflex Group Inc. boosted its holdings in shares of CNA Financial by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 820 shares of the insurance provider’s stock valued at $38,000 after acquiring an additional 410 shares during the last quarter. Rothschild Investment LLC purchased a new stake in shares of CNA Financial during the 3rd quarter valued at about $48,000. Elevation Wealth Partners LLC purchased a new stake in shares of CNA Financial during the 4th quarter valued at about $53,000. Finally, State of Wyoming purchased a new stake in shares of CNA Financial during the 2nd quarter valued at about $53,000. 98.45% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other CNA Financial news, SVP Jeffrey John Neuenschwander sold 3,287 shares of the firm’s stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $45.97, for a total transaction of $151,103.39. Following the sale, the senior vice president owned 7,277 shares in the company, valued at approximately $334,523.69. This trade represents a 31.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.29% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Wall Street Zen downgraded shares of CNA Financial from a “buy” rating to a “hold” rating in a report on Sunday, February 15th. Weiss Ratings downgraded shares of CNA Financial from a “buy (b)” rating to a “buy (b-)” rating in a report on Wednesday, May 6th. Finally, Zacks Research downgraded shares of CNA Financial from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 5th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

CNA Financial Stock Performance

CNA opened at $43.89 on Wednesday. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.27. The company has a market cap of $11.87 billion, a price-to-earnings ratio of 9.82, a PEG ratio of 6.01 and a beta of 0.30. The company’s 50 day moving average is $45.28 and its 200 day moving average is $46.52. CNA Financial Corporation has a 12-month low of $41.53 and a 12-month high of $50.72.

CNA Financial (NYSE:CNA) last posted its quarterly earnings data on Monday, May 4th. The insurance provider reported $0.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.47). The business had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $2.93 billion. CNA Financial had a return on equity of 11.57% and a net margin of 8.08%.During the same period in the previous year, the business posted $1.03 EPS. On average, equities research analysts predict that CNA Financial Corporation will post 4.03 EPS for the current year.

CNA Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, May 18th were paid a dividend of $0.48 per share. The ex-dividend date was Monday, May 18th. This represents a $1.92 dividend on an annualized basis and a yield of 4.4%. CNA Financial’s dividend payout ratio (DPR) is presently 42.95%.

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.