Abner Herrman & Brock LLC Buys Shares of 15,000 CNA Financial Corporation $CNA

Abner Herrman & Brock LLC bought a new position in CNA Financial Corporation (NYSE:CNA) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 15,000 shares of the insurance provider’s stock, valued at approximately $716,000.

Other hedge funds have also recently modified their holdings of the company. Dynamic Technology Lab Private Ltd bought a new stake in CNA Financial in the 3rd quarter worth about $1,092,000. CORDA Investment Management LLC. lifted its stake in CNA Financial by 2.5% during the 3rd quarter. CORDA Investment Management LLC. now owns 701,884 shares of the insurance provider’s stock valued at $32,610,000 after acquiring an additional 17,046 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of CNA Financial by 145.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 214,575 shares of the insurance provider’s stock valued at $9,984,000 after acquiring an additional 127,223 shares during the last quarter. First Trust Advisors LP boosted its holdings in shares of CNA Financial by 15.2% during the 3rd quarter. First Trust Advisors LP now owns 1,183,892 shares of the insurance provider’s stock valued at $55,004,000 after acquiring an additional 156,077 shares during the last quarter. Finally, Torray Investment Partners LLC grew its stake in shares of CNA Financial by 18.8% in the third quarter. Torray Investment Partners LLC now owns 502,616 shares of the insurance provider’s stock worth $23,352,000 after acquiring an additional 79,698 shares during the period. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Insider Activity

In other news, Chairman Dino Robusto sold 6,250 shares of the business’s stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $47.62, for a total transaction of $297,625.00. Following the completion of the sale, the chairman owned 661,838 shares of the company’s stock, valued at $31,516,725.56. The trade was a 0.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.30% of the stock is currently owned by insiders.

CNA Financial Price Performance

NYSE CNA opened at $45.14 on Friday. The company has a 50-day moving average price of $47.71 and a 200-day moving average price of $46.86. CNA Financial Corporation has a 52 week low of $43.29 and a 52 week 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. The firm has a market capitalization of $12.22 billion, a P/E ratio of 9.62, a PEG ratio of 6.64 and a beta of 0.34.

CNA Financial (NYSE:CNA) last posted its quarterly earnings data on Monday, February 9th. The insurance provider reported $1.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.04). CNA Financial had a return on equity of 12.23% and a net margin of 8.53%.The business had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $2.88 billion. During the same period in the previous year, the business posted $1.25 EPS. Equities research analysts anticipate that CNA Financial Corporation will post 4.64 earnings per share for the current year.

CNA Financial Dividend Announcement

The firm also recently declared an annual dividend, which was paid on Thursday, March 12th. Stockholders of record on Monday, February 23rd were paid 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 (DPR) is currently 40.94%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Weiss Ratings upgraded shares of CNA Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 5th. Zacks Research downgraded shares of CNA Financial from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 1st. Finally, Wall Street Zen lowered shares of CNA Financial from a “buy” rating to a “hold” rating in a research note on Sunday, February 15th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

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.