Tudor Investment Corp ET AL Grows Stake in CNA Financial Corporation $CNA

Tudor Investment Corp ET AL boosted its holdings in shares of CNA Financial Corporation (NYSE:CNA) by 125.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 164,121 shares of the insurance provider’s stock after purchasing an additional 91,205 shares during the quarter. Tudor Investment Corp ET AL owned about 0.06% of CNA Financial worth $7,625,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Alpine Bank Wealth Management grew its holdings in CNA Financial by 70.0% during the 3rd quarter. Alpine Bank Wealth Management now owns 556 shares of the insurance provider’s stock valued at $26,000 after buying an additional 229 shares in the last quarter. Covestor Ltd lifted its holdings in shares of CNA Financial by 129.7% in the third quarter. Covestor Ltd now owns 712 shares of the insurance provider’s stock worth $33,000 after buying an additional 402 shares in the last quarter. Allworth Financial LP boosted its position in shares of CNA Financial by 102.3% during the second quarter. Allworth Financial LP now owns 785 shares of the insurance provider’s stock worth $37,000 after acquiring an additional 397 shares during the last quarter. Ameriflex Group Inc. boosted its position in shares of CNA Financial by 100.0% during the third quarter. Ameriflex Group Inc. now owns 820 shares of the insurance provider’s stock worth $38,000 after acquiring an additional 410 shares during the last quarter. Finally, Rothschild Investment LLC purchased a new position in CNA Financial during the third quarter valued at $48,000. 98.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CNA. Weiss Ratings upgraded shares of CNA Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, February 5th. Wall Street Zen downgraded shares of CNA Financial from a “buy” rating to a “hold” rating in a report on Sunday, February 15th. Finally, Zacks Research lowered CNA Financial from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 1st. One investment 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, CNA Financial currently has a consensus rating of “Moderate Buy”.

CNA Financial Stock Up 0.3%

NYSE CNA opened at $45.48 on Tuesday. The stock has a 50 day moving average price of $47.67 and a 200-day moving average price of $46.78. CNA Financial Corporation has a one year low of $43.29 and a one year high of $51.34. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.28 and a current ratio of 0.28. The company has a market capitalization of $12.31 billion, a P/E ratio of 9.70, a P/E/G ratio of 6.57 and a beta of 0.34.

CNA Financial (NYSE:CNA) last announced its quarterly earnings results on Monday, February 9th. The insurance provider reported $1.16 earnings per share for the quarter, missing the consensus estimate of $1.20 by ($0.04). The business had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $2.88 billion. CNA Financial had a return on equity of 12.23% and a net margin of 8.53%.During the same quarter in the prior year, the firm posted $1.25 EPS. As a group, equities analysts predict that CNA Financial Corporation will post 4.64 EPS for the current fiscal year.

CNA Financial Announces Dividend

The firm also recently announced an annual dividend, which was paid on Thursday, March 12th. Stockholders of record on Monday, February 23rd were given a dividend of $2.00 per share. This represents a dividend yield of 409.0%. The ex-dividend date was Monday, February 23rd. CNA Financial’s dividend payout ratio is currently 40.94%.

Insider Activity

In related news, Chairman Dino Robusto sold 6,250 shares of the stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $47.62, for a total value of $297,625.00. Following the completion of the transaction, the chairman owned 661,838 shares of the company’s stock, valued at approximately $31,516,725.56. This trade represents a 0.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Jeffrey John Neuenschwander sold 3,287 shares of CNA Financial stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $45.97, for a total value of $151,103.39. Following the completion of the transaction, the senior vice president owned 7,277 shares of the company’s stock, valued at approximately $334,523.69. This represents a 31.12% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.36% of the stock is currently owned by corporate insiders.

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.