Rational Advisors LLC purchased a new position in shares of CNA Financial Corporation (NYSE:CNA) during the second quarter, Holdings Channel reports. The firm purchased 16,500 shares of the insurance provider’s stock, valued at approximately $804,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CNA. Harbour Capital Advisors LLC raised its position in shares of CNA Financial Corporation by 4,775.0% in the second quarter. Harbour Capital Advisors LLC now owns 227,565 shares of the insurance provider’s stock valued at $4,668,000 after buying an additional 222,897 shares in the last quarter. Acadian Asset Management LLC raised its position in shares of CNA Financial Corporation by 603.5% in the first quarter. Acadian Asset Management LLC now owns 245,583 shares of the insurance provider’s stock valued at $10,848,000 after buying an additional 210,674 shares in the last quarter. LSV Asset Management raised its position in shares of CNA Financial Corporation by 17.3% in the first quarter. LSV Asset Management now owns 1,352,502 shares of the insurance provider’s stock valued at $59,740,000 after buying an additional 199,443 shares in the last quarter. First Trust Advisors LP raised its position in shares of CNA Financial Corporation by 41.6% in the first quarter. First Trust Advisors LP now owns 581,424 shares of the insurance provider’s stock valued at $25,681,000 after buying an additional 170,926 shares in the last quarter. Finally, Victory Capital Management Inc. purchased a new position in shares of CNA Financial Corporation during the first quarter valued at about $6,590,000. 99.55% of the stock is owned by institutional investors and hedge funds.

Shares of CNA Financial Corporation (NYSE:CNA) opened at 52.72 on Friday. The company has a 50 day moving average price of $50.08 and a 200 day moving average price of $45.79. The stock has a market cap of $14.29 billion, a P/E ratio of 12.83 and a beta of 1.23. CNA Financial Corporation has a 1-year low of $32.03 and a 1-year high of $53.67.

CNA Financial Corporation (NYSE:CNA) last issued its quarterly earnings results on Monday, July 31st. The insurance provider reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.13. The business had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.35 billion. CNA Financial Corporation had a return on equity of 8.40% and a net margin of 11.72%. During the same period in the prior year, the firm posted $0.77 earnings per share. On average, equities analysts anticipate that CNA Financial Corporation will post $3.44 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 30th. Stockholders of record on Monday, August 14th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, August 10th. This is an increase from CNA Financial Corporation’s previous quarterly dividend of $0.25. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.28%. CNA Financial Corporation’s dividend payout ratio is presently 29.20%.

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Several brokerages have recently issued reports on CNA. BidaskClub raised CNA Financial Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $50.00 target price on shares of CNA Financial Corporation in a research report on Thursday, August 3rd. Zacks Investment Research lowered CNA Financial Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 9th. Finally, Deutsche Bank AG lowered CNA Financial Corporation from a “buy” rating to a “hold” rating and increased their target price for the stock from $45.00 to $46.00 in a research report on Tuesday, May 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. CNA Financial Corporation presently has a consensus rating of “Hold” and an average target price of $47.00.

CNA Financial Corporation Company Profile

CNA Financial Corporation is an insurance holding company. The Company’s segments include Specialty, Commercial, International, Life & Group Non-Core, and Corporate & Other Non-Core. Its Specialty segment provides a range of professional, financial, and specialty property, and casualty products and services.

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

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