29,173 Shares in CNA Financial Corporation $CNA Bought by GSA Capital Partners LLP

GSA Capital Partners LLP acquired a new stake in shares of CNA Financial Corporation (NYSE:CNA) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 29,173 shares of the insurance provider’s stock, valued at approximately $1,418,000.

A number of other institutional investors also recently bought and sold shares of CNA. M&T Bank Corp increased its position in shares of CNA Financial by 8,100.7% during the 4th quarter. M&T Bank Corp now owns 484,580 shares of the insurance provider’s stock valued at $23,134,000 after purchasing an additional 478,671 shares during the last quarter. Vest Financial LLC purchased a new position in shares of CNA Financial in the fourth quarter worth approximately $1,576,000. UBS Group AG boosted its holdings in shares of CNA Financial by 25.9% in the fourth quarter. UBS Group AG now owns 867,787 shares of the insurance provider’s stock worth $41,428,000 after buying an additional 178,314 shares during the last quarter. Renaissance Technologies LLC grew its position in CNA Financial by 162.3% during the first quarter. Renaissance Technologies LLC now owns 54,300 shares of the insurance provider’s stock valued at $2,493,000 after buying an additional 33,600 shares during the period. Finally, First Trust Advisors LP grew its position in CNA Financial by 34.6% during the first quarter. First Trust Advisors LP now owns 2,101,092 shares of the insurance provider’s stock valued at $96,482,000 after buying an additional 540,448 shares during the period. Institutional investors own 98.45% of the company’s stock.

CNA Financial Stock Down 0.0%

NYSE CNA opened at $50.99 on Monday. CNA Financial Corporation has a 52 week low of $41.53 and a 52 week high of $55.71. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $13.80 billion, a P/E ratio of 11.21, a price-to-earnings-growth ratio of 6.89 and a beta of 0.28. The stock’s 50-day moving average price is $49.94 and its 200-day moving average price is $47.72.

CNA Financial (NYSE:CNA) last announced its quarterly earnings data on Monday, August 3rd. The insurance provider reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.11. The company had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $2.97 billion. CNA Financial had a return on equity of 11.34% and a net margin of 8.16%.During the same period in the previous year, the company posted $1.23 EPS. On average, equities research analysts predict that CNA Financial Corporation will post 4.14 earnings per share for the current year.

CNA Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Monday, August 17th will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Monday, August 17th. CNA Financial’s dividend payout ratio is presently 42.20%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on CNA shares. Zacks Research upgraded shares of CNA Financial from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 16th. Weiss Ratings raised shares of CNA Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Insider Buying and Selling

In other news, CAO Daniel Paul Franzetti sold 22,656 shares of the 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 completion of the sale, the chief accounting officer directly owned 68,032 shares of the company’s stock, valued at $3,611,818.88. This represents a 24.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Mark Steven James sold 8,273 shares of the 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 completion of the sale, the executive vice president directly owned 26,446 shares of the company’s stock, valued at approximately $1,405,604.90. This trade represents a 23.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.29% of the company’s stock.

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.