CNA Financial Corporation (CNA) Shares Bought by Neuberger Berman Group LLC
Neuberger Berman Group LLC increased its holdings in shares of CNA Financial Corporation (NYSE:CNA) by 103.7% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 77,904 shares of the insurance provider’s stock after purchasing an additional 39,663 shares during the period. Neuberger Berman Group LLC’s holdings in CNA Financial Corporation were worth $3,798,000 as of its most recent filing with the SEC.
A number of other institutional investors have also bought and sold shares of CNA. Robeco Institutional Asset Management B.V. grew its holdings in CNA Financial Corporation by 859.0% during the second quarter. Robeco Institutional Asset Management B.V. now owns 702,238 shares of the insurance provider’s stock worth $34,232,000 after purchasing an additional 629,013 shares during the period. Harbour Capital Advisors LLC boosted its holdings in shares of CNA Financial Corporation by 4,775.0% during the second quarter. Harbour Capital Advisors LLC now owns 227,565 shares of the insurance provider’s stock worth $4,668,000 after acquiring an additional 222,897 shares during the period. Victory Capital Management Inc. bought a new stake in shares of CNA Financial Corporation during the first quarter worth approximately $6,590,000. Goldman Sachs Group Inc. boosted its holdings in shares of CNA Financial Corporation by 122.1% during the first quarter. Goldman Sachs Group Inc. now owns 254,611 shares of the insurance provider’s stock worth $11,246,000 after acquiring an additional 139,997 shares during the period. Finally, Venturi Wealth Management LLC bought a new stake in shares of CNA Financial Corporation during the second quarter worth approximately $5,760,000. Institutional investors and hedge funds own 99.56% of the company’s stock.
Shares of CNA Financial Corporation (NYSE:CNA) opened at 48.82 on Thursday. CNA Financial Corporation has a one year low of $32.36 and a one year high of $53.67. The stock’s 50 day moving average price is $50.66 and its 200-day moving average price is $46.99. The company has a market cap of $13.23 billion, a PE ratio of 11.88 and a beta of 1.24.
CNA Financial Corporation (NYSE:CNA) last posted its quarterly earnings data on Monday, July 31st. The insurance provider reported $0.88 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.13. The firm had revenue of $2.32 billion during the quarter, compared to analyst estimates of $2.35 billion. CNA Financial Corporation had a net margin of 11.72% and a return on equity of 8.40%. During the same quarter last year, the business posted $0.77 EPS. On average, analysts expect that CNA Financial Corporation will post $3.36 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, August 30th. Stockholders of record on Monday, August 14th were paid a dividend of $0.30 per share. The ex-dividend date was Thursday, August 10th. This represents a $1.20 annualized dividend and a dividend yield of 2.46%. This is a positive change from CNA Financial Corporation’s previous quarterly dividend of $0.25. CNA Financial Corporation’s dividend payout ratio (DPR) is presently 29.20%.
In other news, CFO D Craig Mense sold 23,450 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $52.66, for a total transaction of $1,234,877.00. Following the completion of the sale, the chief financial officer now owns 130,548 shares in the company, valued at approximately $6,874,657.68. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.53% of the company’s stock.
A number of equities research analysts have recently issued reports on CNA shares. BidaskClub cut CNA Financial Corporation from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 13th. Zacks Investment Research upgraded CNA Financial Corporation from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a report on Monday, June 12th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $50.00 price objective on shares of CNA Financial Corporation in a report on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a strong buy rating to the company’s stock. CNA Financial Corporation currently has a consensus rating of “Hold” and a consensus target price of $47.00.
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CNA Financial Corporation 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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