81,473 Shares of CNA Financial Corporation $CNA Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of CNA Financial Corporation (NYSE:CNA) in the 3rd quarter, Holdings Channel reports. The fund acquired 81,473 shares of the insurance provider’s stock, valued at approximately $3,657,000.

Other institutional investors also recently modified their holdings of the company. First Trust Advisors LP lifted 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 purchasing an additional 540,448 shares during the last quarter. BlackRock Inc. purchased a new stake in shares of CNA Financial during the 2nd quarter valued at $80,193,000. CORDA Investment Management LLC. lifted its holdings in shares of CNA Financial by 3.2% during the 2nd quarter. CORDA Investment Management LLC. now owns 753,707 shares of the insurance provider’s stock worth $36,638,000 after acquiring an additional 23,488 shares during the last quarter. Quantinno Capital Management LP lifted its holdings in shares of CNA Financial by 48.9% during the 1st quarter. Quantinno Capital Management LP now owns 685,247 shares of the insurance provider’s stock worth $31,467,000 after acquiring an additional 225,030 shares during the last quarter. Finally, Squarepoint Ops LLC grew its position in CNA Financial by 24.8% in the second quarter. Squarepoint Ops LLC now owns 280,337 shares of the insurance provider’s stock worth $13,627,000 after acquiring an additional 55,692 shares in the last quarter. 98.45% of the stock is currently owned by institutional investors.

CNA Financial Trading Down 1.7%

Shares of CNA stock traded down $0.83 on Friday, hitting $47.29. 420,699 shares of the company’s stock traded hands, compared to its average volume of 386,864. The stock has a market capitalization of $12.80 billion, a price-to-earnings ratio of 12.48, a P/E/G ratio of 5.49 and a beta of 0.22. The company’s fifty day simple moving average is $47.54 and its 200 day simple moving average is $47.75. CNA Financial Corporation has a one year low of $41.53 and a one year high of $55.71. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.27 and a current ratio of 0.27.

CNA Financial (NYSE:CNA) last posted its quarterly earnings results on Monday, November 2nd. The insurance provider reported $0.75 earnings per share for the quarter, missing the consensus estimate of $1.21 by ($0.46). CNA Financial had a return on equity of 9.53% and a net margin of 6.80%. The business had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.02 billion. During the same period in the prior year, the firm earned $1.50 earnings per share. Equities analysts forecast that CNA Financial Corporation will post 3.94 EPS for the current year.

CNA Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Monday, November 16th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Monday, November 16th. CNA Financial’s payout ratio is 50.66%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Weiss Ratings lowered CNA Financial from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday. Zacks Research upgraded CNA Financial from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 16th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

CNA Financial Company Profile

CNA Financial Corporation (NYSE: CNA) is a commercial property and casualty insurance company serving businesses, professionals and organizations. Its offerings include commercial property, casualty, workers’ compensation, professional liability, management liability, cyber, surety, marine and other specialty insurance products.

The company distributes its products primarily through independent agents, brokers and other insurance intermediaries. CNA serves customers across the United States and Canada, as well as selected international markets, including the United Kingdom and Europe.