Cna Financial Corp (NYSE:CNA) Shares Sold by Riverhead Capital Management LLC

Riverhead Capital Management LLC lessened its stake in Cna Financial Corp (NYSE:CNA) by 48.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,050 shares of the insurance provider’s stock after selling 6,750 shares during the quarter. Riverhead Capital Management LLC’s holdings in Cna Financial were worth $332,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of CNA. Hamlin Capital Management LLC bought a new stake in shares of Cna Financial in the 2nd quarter worth about $27,020,000. LSV Asset Management boosted its stake in Cna Financial by 19.9% during the 1st quarter. LSV Asset Management now owns 1,877,079 shares of the insurance provider’s stock valued at $81,371,000 after purchasing an additional 311,300 shares during the period. Renaissance Technologies LLC boosted its stake in Cna Financial by 21.0% during the 2nd quarter. Renaissance Technologies LLC now owns 1,006,400 shares of the insurance provider’s stock valued at $47,371,000 after purchasing an additional 174,900 shares during the period. First Trust Advisors LP boosted its stake in Cna Financial by 20.6% during the 1st quarter. First Trust Advisors LP now owns 856,594 shares of the insurance provider’s stock valued at $37,133,000 after purchasing an additional 146,529 shares during the period. Finally, Motley Fool Wealth Management LLC acquired a new position in Cna Financial during the 1st quarter valued at about $6,077,000. Institutional investors and hedge funds own 99.15% of the company’s stock.

Separately, Zacks Investment Research lowered shares of Cna Financial from a “hold” rating to a “sell” rating and set a $49.00 target price for the company. in a research note on Tuesday, August 6th.

Shares of NYSE:CNA traded up $0.01 during trading on Friday, reaching $48.95. The company had a trading volume of 2,969 shares, compared to its average volume of 143,482. The firm’s fifty day moving average is $47.41 and its 200 day moving average is $45.88. The firm has a market capitalization of $13.06 billion, a PE ratio of 15.79, a price-to-earnings-growth ratio of 2.30 and a beta of 0.82. Cna Financial Corp has a twelve month low of $41.49 and a twelve month high of $49.26. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.24 and a current ratio of 0.24.

Cna Financial (NYSE:CNA) last issued its quarterly earnings results on Monday, August 5th. The insurance provider reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.02 by $0.06. The company had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.35 billion. Cna Financial had a net margin of 8.44% and a return on equity of 7.83%. During the same period in the prior year, the business posted $0.99 EPS. Equities analysts predict that Cna Financial Corp will post 4.18 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 19th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date of this dividend was Friday, August 16th. Cna Financial’s dividend payout ratio is currently 45.16%.

Cna Financial Company Profile

CNA Financial Corporation provides commercial property and casualty insurance products primarily in the United States. It 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 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 standard property and casualty coverages for healthcare industry; surety and fidelity bonds; and warranty and alternative risks products.

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Institutional Ownership by Quarter for Cna Financial (NYSE:CNA)

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