Arrowstreet Capital Limited Partnership Sells 138,240 Shares of CNA Financial Corporation $CNA

Arrowstreet Capital Limited Partnership cut its stake in shares of CNA Financial Corporation (NYSE:CNA) by 42.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 185,303 shares of the insurance provider’s stock after selling 138,240 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in CNA Financial were worth $8,622,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of CNA. AQR Capital Management LLC boosted its position in shares of CNA Financial by 21.4% in the first quarter. AQR Capital Management LLC now owns 2,355,192 shares of the insurance provider’s stock valued at $119,090,000 after acquiring an additional 415,856 shares during the period. Bank of New York Mellon Corp raised its stake in shares of CNA Financial by 26.0% during the second quarter. Bank of New York Mellon Corp now owns 1,499,771 shares of the insurance provider’s stock worth $69,784,000 after acquiring an additional 309,534 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of CNA Financial by 210.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 862,690 shares of the insurance provider’s stock worth $43,816,000 after buying an additional 585,076 shares during the period. CORDA Investment Management LLC. increased its stake in CNA Financial by 2.8% in the 2nd quarter. CORDA Investment Management LLC. now owns 684,838 shares of the insurance provider’s stock worth $31,866,000 after purchasing an additional 18,856 shares during the period. Finally, Vanguard Group Inc. increased its stake in shares of CNA Financial by 2.0% in the first quarter. Vanguard Group Inc. now owns 556,695 shares of the insurance provider’s stock worth $28,275,000 after buying an additional 11,019 shares during the period. 98.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on CNA shares. Zacks Research raised CNA Financial from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 17th. Wall Street Zen raised CNA Financial from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Finally, Weiss Ratings lowered CNA Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $53.00.

CNA Financial Stock Up 0.7%

CNA stock opened at $45.00 on Thursday. The business has a 50 day moving average of $45.70 and a 200 day moving average of $46.16. The firm has a market cap of $12.18 billion, a PE ratio of 12.33, a price-to-earnings-growth ratio of 3.69 and a beta of 0.40. CNA Financial Corporation has a twelve month low of $43.29 and a twelve month high of $51.34. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.26.

CNA Financial (NYSE:CNA) last released its earnings results on Monday, November 3rd. The insurance provider reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.25. CNA Financial had a return on equity of 12.78% and a net margin of 6.71%.The firm had revenue of $3.82 billion for the quarter, compared to analysts’ expectations of $2.84 billion. During the same period in the prior year, the firm posted $1.08 earnings per share. On average, research analysts forecast that CNA Financial Corporation will post 4.64 EPS for the current fiscal year.

CNA Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Shareholders of record on Monday, November 17th were paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date was Monday, November 17th. CNA Financial’s dividend payout ratio (DPR) is currently 50.41%.

Insider Transactions at CNA Financial

In other news, Chairman Dino Robusto sold 6,250 shares of the company’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $46.92, for a total value of $293,250.00. Following the transaction, the chairman owned 668,088 shares in the company, valued at approximately $31,346,688.96. This represents a 0.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders have sold 18,750 shares of company stock valued at $865,313 over the last three months. 0.30% of the stock is currently owned by insiders.

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.