CNA Financial Co. (NYSE:CNA) Shares Sold by Donald Smith & CO. Inc.

Donald Smith & CO. Inc. reduced its stake in shares of CNA Financial Co. (NYSE:CNA) by 5.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,115,375 shares of the insurance provider’s stock after selling 64,622 shares during the quarter. CNA Financial comprises about 1.3% of Donald Smith & CO. Inc.’s investment portfolio, making the stock its 29th largest holding. Donald Smith & CO. Inc.’s holdings in CNA Financial were worth $51,385,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. Truist Financial Corp bought a new stake in shares of CNA Financial during the 4th quarter worth about $320,000. Charles Schwab Investment Management Inc. raised its holdings in CNA Financial by 1.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 336,898 shares of the insurance provider’s stock worth $14,254,000 after purchasing an additional 5,922 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its position in CNA Financial by 31.3% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 6,986 shares of the insurance provider’s stock worth $296,000 after purchasing an additional 1,665 shares during the period. Norges Bank bought a new position in CNA Financial during the 4th quarter valued at $14,296,000. Finally, Brandes Investment Partners LP bought a new position in CNA Financial during the 4th quarter valued at $211,000. Institutional investors and hedge funds own 98.45% of the company’s stock.

Insider Activity

In related news, EVP Jane Elizabeth Possell sold 4,444 shares of CNA Financial stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $48.08, for a total value of $213,667.52. Following the transaction, the executive vice president now owns 30,009 shares of the company’s stock, valued at approximately $1,442,832.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other CNA Financial news, EVP Jane Elizabeth Possell sold 4,444 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $48.08, for a total value of $213,667.52. Following the completion of the transaction, the executive vice president now directly owns 30,009 shares in the company, valued at $1,442,832.72. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Elizabeth Ann Aguinaga sold 26,160 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $49.60, for a total transaction of $1,297,536.00. Following the sale, the executive vice president now owns 47,744 shares in the company, valued at approximately $2,368,102.40. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by company insiders.

CNA Financial Stock Performance

Shares of CNA opened at $50.23 on Monday. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.27 and a quick ratio of 0.27. The firm’s 50 day moving average is $49.17 and its 200-day moving average is $46.05. CNA Financial Co. has a 12-month low of $37.95 and a 12-month high of $52.36. The stock has a market capitalization of $13.63 billion, a P/E ratio of 10.97, a P/E/G ratio of 3.37 and a beta of 0.65.

CNA Financial (NYSE:CNA) last posted its quarterly earnings results on Monday, July 29th. The insurance provider reported $1.19 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.19. CNA Financial had a net margin of 9.27% and a return on equity of 14.02%. The firm had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.08 billion. During the same quarter in the previous year, the business posted $1.13 earnings per share. Equities research analysts anticipate that CNA Financial Co. will post 4.86 EPS for the current fiscal year.

CNA Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Monday, August 12th were given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date of this dividend was Monday, August 12th. CNA Financial’s dividend payout ratio (DPR) is presently 38.43%.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods upped their price objective on CNA Financial from $48.00 to $53.00 and gave the company a “market perform” rating in a report on Thursday, August 1st.

CNA Financial Company Profile

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.