Dynamic Technology Lab Private Ltd Buys New Shares in CNA Financial Co. (NYSE:CNA)

Dynamic Technology Lab Private Ltd bought a new position in CNA Financial Co. (NYSE:CNA) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 34,075 shares of the insurance provider’s stock, valued at approximately $1,668,000.

A number of other institutional investors have also bought and sold shares of CNA. Vanguard Group Inc. raised its stake in CNA Financial by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 706,279 shares of the insurance provider’s stock valued at $32,079,000 after purchasing an additional 7,201 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of CNA Financial by 6.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 28,141 shares of the insurance provider’s stock valued at $1,279,000 after buying an additional 1,618 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in shares of CNA Financial by 59.2% in the first quarter. Jacobs Levy Equity Management Inc. now owns 24,084 shares of the insurance provider’s stock worth $1,094,000 after buying an additional 8,956 shares in the last quarter. Tidal Investments LLC boosted its position in shares of CNA Financial by 335.4% during the first quarter. Tidal Investments LLC now owns 30,046 shares of the insurance provider’s stock worth $1,365,000 after acquiring an additional 23,146 shares during the last quarter. Finally, Cetera Advisors LLC bought a new stake in CNA Financial in the 1st quarter valued at $360,000. Hedge funds and other institutional investors own 98.45% of the company’s stock.

CNA Financial Price Performance

CNA Financial stock opened at $49.69 on Tuesday. The firm has a market capitalization of $13.46 billion, a PE ratio of 10.35, a price-to-earnings-growth ratio of 6.35 and a beta of 0.65. CNA Financial Co. has a 12-month low of $40.92 and a 12-month high of $52.36. The firm has a 50-day moving average price of $48.89 and a 200-day moving average price of $47.80. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.28.

CNA Financial (NYSE:CNA) last announced its earnings results on Monday, November 4th. The insurance provider reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.01. CNA Financial had a return on equity of 13.30% and a net margin of 9.26%. The business had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.15 billion. During the same quarter in the previous year, the business earned $1.06 earnings per share. As a group, equities research analysts forecast that CNA Financial Co. will post 4.68 EPS for the current year.

CNA Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Monday, November 18th will be paid a $0.44 dividend. The ex-dividend date is Monday, November 18th. This represents a $1.76 dividend on an annualized basis and a yield of 3.54%. CNA Financial’s payout ratio is 36.67%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Keefe, Bruyette & Woods lifted their price objective on shares of CNA Financial from $54.00 to $55.00 and gave the stock a “market perform” rating in a research note on Friday, November 8th. Bank of America boosted their price objective on CNA Financial from $45.00 to $48.00 and gave the stock an “underperform” rating in a research note on Thursday, October 10th. Finally, StockNews.com upgraded CNA Financial from a “hold” rating to a “buy” rating in a report on Wednesday, November 13th.

Insider Transactions at CNA Financial

In other CNA Financial news, EVP Mark Steven James sold 18,547 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $50.58, for a total value of $938,107.26. Following the completion of the sale, the executive vice president now directly owns 22,917 shares in the company, valued at approximately $1,159,141.86. This represents a 44.73 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Douglas Worman sold 22,973 shares of the firm’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $48.75, for a total value of $1,119,933.75. Following the transaction, the executive vice president now owns 133,777 shares in the company, valued at approximately $6,521,628.75. This represents a 14.66 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.31% of the company’s stock.

About CNA Financial

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.