CNA Financial Corporation $CNA Shares Acquired by CORDA Investment Management LLC.

CORDA Investment Management LLC. lifted its holdings in shares of CNA Financial Corporation (NYSE:CNA) by 1.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 730,219 shares of the insurance provider’s stock after purchasing an additional 10,054 shares during the quarter. CNA Financial comprises approximately 2.3% of CORDA Investment Management LLC.’s investment portfolio, making the stock its 21st biggest position. CORDA Investment Management LLC. owned 0.27% of CNA Financial worth $33,532,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Amundi lifted its position in CNA Financial by 5.3% in the first quarter. Amundi now owns 7,787 shares of the insurance provider’s stock valued at $395,000 after buying an additional 389 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of CNA Financial by 0.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 351,997 shares of the insurance provider’s stock valued at $17,878,000 after acquiring an additional 2,466 shares during the period. Empowered Funds LLC lifted its holdings in shares of CNA Financial by 12.9% in the 1st quarter. Empowered Funds LLC now owns 5,966 shares of the insurance provider’s stock worth $303,000 after acquiring an additional 684 shares during the last quarter. Focus Partners Wealth acquired a new position in shares of CNA Financial in the 1st quarter worth approximately $281,000. Finally, Quantbot Technologies LP purchased a new position in shares of CNA Financial during the 2nd quarter worth approximately $55,000. 98.45% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have commented on CNA. Zacks Research cut CNA Financial from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. Weiss Ratings upgraded CNA Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, June 30th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

CNA Financial Stock Up 0.2%

Shares of NYSE CNA opened at $51.38 on Monday. The stock has a market cap of $13.90 billion, a P/E ratio of 11.50, a PEG ratio of 7.07 and a beta of 0.28. The business’s fifty day simple moving average is $45.54 and its 200-day simple moving average is $46.77. CNA Financial Corporation has a 12-month low of $41.53 and a 12-month high of $52.86. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.27.

CNA Financial (NYSE:CNA) last released its earnings results on Monday, May 4th. The insurance provider reported $0.83 EPS for the quarter, missing the consensus estimate of $1.30 by ($0.47). The company had revenue of $3.68 billion for the quarter, compared to analyst estimates of $2.93 billion. CNA Financial had a return on equity of 11.57% and a net margin of 8.08%.During the same period in the previous year, the firm earned $1.03 earnings per share. As a group, equities analysts predict that CNA Financial Corporation will post 4.05 EPS for the current fiscal year.

CNA Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Investors of record on Monday, May 18th were paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date was Monday, May 18th. CNA Financial’s dividend payout ratio is presently 42.95%.

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.