AXQ Capital LP Acquires 14,245 Shares of CNA Financial Corporation $CNA

AXQ Capital LP increased its holdings in shares of CNA Financial Corporation (NYSE:CNA) by 105.4% during the 4th quarter, HoldingsChannel reports. The firm owned 27,763 shares of the insurance provider’s stock after purchasing an additional 14,245 shares during the period. AXQ Capital LP’s holdings in CNA Financial were worth $1,325,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. AQR Capital Management LLC lifted its holdings in shares of CNA Financial by 3.4% during the 2nd quarter. AQR Capital Management LLC now owns 2,435,892 shares of the insurance provider’s stock valued at $112,806,000 after purchasing an additional 80,700 shares in the last quarter. First Trust Advisors LP raised its position in CNA Financial by 15.2% in 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 buying an additional 156,077 shares during the last quarter. UBS Group AG raised its position in CNA Financial by 25.9% in the 4th quarter. UBS Group AG now owns 867,787 shares of the insurance provider’s stock valued at $41,428,000 after buying an additional 178,314 shares during the last quarter. CORDA Investment Management LLC. raised its position in CNA Financial by 2.6% in the 4th quarter. CORDA Investment Management LLC. now owns 720,165 shares of the insurance provider’s stock valued at $34,381,000 after buying an additional 18,281 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its position in CNA Financial by 69.5% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 656,067 shares of the insurance provider’s stock valued at $30,481,000 after buying an additional 268,917 shares during the last quarter. Institutional investors own 98.45% of the company’s stock.

CNA Financial Stock Down 0.3%

NYSE:CNA opened at $41.95 on Tuesday. The firm has a market capitalization of $11.35 billion, a price-to-earnings ratio of 9.38, a price-to-earnings-growth ratio of 5.82 and a beta of 0.31. CNA Financial Corporation has a twelve month low of $41.53 and a twelve month high of $50.72. The stock’s 50 day moving average price is $45.58 and its two-hundred day moving average price is $46.65. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.27.

CNA Financial (NYSE:CNA) last posted its quarterly earnings results on Monday, May 4th. The insurance provider reported $0.83 earnings per share 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 last year, the firm earned $1.03 EPS. Equities research analysts expect that CNA Financial Corporation will post 4.04 earnings per share for the current fiscal year.

CNA Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Monday, May 18th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Monday, May 18th. This represents a $1.92 annualized dividend and a dividend yield of 4.6%. CNA Financial’s payout ratio is 42.95%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Weiss Ratings lowered CNA Financial from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, May 6th. Wall Street Zen lowered CNA Financial from a “buy” rating to a “hold” rating in a research report on Sunday, February 15th. Finally, Zacks Research lowered CNA Financial from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Insider Buying and Selling at CNA Financial

In related news, SVP Jeffrey John Neuenschwander sold 3,287 shares of the business’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $45.97, for a total transaction of $151,103.39. Following the transaction, the senior vice president directly owned 7,277 shares of the company’s stock, valued at approximately $334,523.69. The trade was a 31.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.29% of the stock is owned by company 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.