CNA Financial Corporation $CNA Shares Acquired by Patrick Mauro Investment Advisor INC.

Patrick Mauro Investment Advisor INC. raised its holdings in shares of CNA Financial Corporation (NYSE:CNA) by 10.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 160,876 shares of the insurance provider’s stock after purchasing an additional 15,173 shares during the quarter. CNA Financial accounts for approximately 3.9% of Patrick Mauro Investment Advisor INC.’s portfolio, making the stock its 7th largest position. Patrick Mauro Investment Advisor INC.’s holdings in CNA Financial were worth $7,474,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Alpine Bank Wealth Management increased its position in shares of CNA Financial by 70.0% during the 3rd quarter. Alpine Bank Wealth Management now owns 556 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 229 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in shares of CNA Financial by 6.8% in the 2nd quarter. Lazard Asset Management LLC now owns 3,957 shares of the insurance provider’s stock worth $184,000 after buying an additional 253 shares during the last quarter. Ballentine Partners LLC boosted its holdings in shares of CNA Financial by 1.5% in the 3rd quarter. Ballentine Partners LLC now owns 19,268 shares of the insurance provider’s stock worth $895,000 after buying an additional 279 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in CNA Financial by 28.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,435 shares of the insurance provider’s stock valued at $67,000 after buying an additional 318 shares during the period. Finally, Amundi grew its position in CNA Financial by 5.3% during the first quarter. Amundi now owns 7,787 shares of the insurance provider’s stock valued at $395,000 after buying an additional 389 shares during the period. Institutional investors and hedge funds own 98.45% of the company’s stock.

Analyst Upgrades and Downgrades

CNA has been the topic of several research reports. Wall Street Zen lowered shares of CNA Financial from a “buy” rating to a “hold” rating in a research report on Sunday, February 15th. Zacks Research downgraded shares of CNA Financial from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 1st. Finally, Weiss Ratings upgraded shares of CNA Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, February 5th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, CNA Financial presently has an average rating of “Moderate Buy”.

CNA Financial Price Performance

CNA opened at $46.63 on Friday. The firm has a 50-day moving average price of $47.77 and a 200-day moving average price of $46.94. CNA Financial Corporation has a twelve month low of $43.29 and a twelve month high of $51.34. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $12.62 billion, a price-to-earnings ratio of 9.94, a PEG ratio of 6.74 and a beta of 0.34.

CNA Financial (NYSE:CNA) last announced its quarterly earnings results on Monday, February 9th. The insurance provider reported $1.16 EPS for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.04). The business had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $2.88 billion. CNA Financial had a net margin of 8.53% and a return on equity of 12.23%. During the same quarter in the previous year, the company posted $1.25 earnings per share. Equities analysts expect that CNA Financial Corporation will post 4.64 EPS for the current year.

CNA Financial Announces Dividend

The business also recently announced an annual dividend, which was paid on Thursday, March 12th. Shareholders of record on Monday, February 23rd were given a dividend of $2.00 per share. The ex-dividend date was Monday, February 23rd. This represents a dividend yield of 409.0%. CNA Financial’s dividend payout ratio is currently 40.94%.

Insider Activity

In other news, Chairman Dino Robusto sold 6,250 shares of CNA Financial stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $47.62, for a total value of $297,625.00. Following the completion of the transaction, the chairman directly owned 661,838 shares in the company, valued at approximately $31,516,725.56. The trade was a 0.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.30% of the stock is currently owned by corporate insiders.

CNA Financial Company Profile

CNA Financial Corporation is a leading U.S.-based commercial property and casualty insurance company offering a broad portfolio of risk management and insurance solutions. The company underwrites coverage for businesses of all sizes across a variety of industry sectors, including manufacturing, healthcare, energy, technology, construction and real estate. In addition to core property and casualty insurance, CNA delivers specialized products such as surety bonds, professional liability, environmental liability and commercial auto coverage.

Headquartered in Chicago, Illinois, CNA traces its origins to the founding of Continental Casualty Company in 1897.