CNA Financial Corporation $CNA is Torray Investment Partners LLC’s 8th Largest Position

Torray Investment Partners LLC raised its position in CNA Financial Corporation (NYSE:CNA) by 18.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 502,616 shares of the insurance provider’s stock after acquiring an additional 79,698 shares during the quarter. CNA Financial accounts for about 3.2% of Torray Investment Partners LLC’s investment portfolio, making the stock its 8th largest holding. Torray Investment Partners LLC owned approximately 0.19% of CNA Financial worth $23,352,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in CNA. Alpine Bank Wealth Management boosted its stake in shares of CNA Financial by 70.0% in the third 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 period. Allworth Financial LP boosted its position in CNA Financial by 102.3% in the 2nd quarter. Allworth Financial LP now owns 785 shares of the insurance provider’s stock valued at $37,000 after buying an additional 397 shares during the last quarter. IFP Advisors Inc boosted its position in CNA Financial by 240.3% in the 2nd quarter. IFP Advisors Inc now owns 878 shares of the insurance provider’s stock valued at $41,000 after buying an additional 620 shares during the last quarter. State of Wyoming acquired a new stake in shares of CNA Financial during the second quarter valued at about $53,000. Finally, Quantbot Technologies LP purchased a new stake in shares of CNA Financial during the second quarter worth about $55,000. Hedge funds and other institutional investors own 98.45% of the company’s stock.

CNA Financial Trading Up 1.2%

Shares of NYSE CNA opened at $47.41 on Tuesday. 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 stock’s 50 day moving average price is $46.23 and its two-hundred day moving average price is $46.28. CNA Financial Corporation has a 52-week low of $43.29 and a 52-week high of $51.34. The stock has a market capitalization of $12.83 billion, a P/E ratio of 12.99, a PEG ratio of 3.93 and a beta of 0.37.

CNA Financial (NYSE:CNA) last issued its quarterly earnings results on Monday, November 3rd. The insurance provider reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.25. CNA Financial had a return on equity of 12.78% and a net margin of 6.71%.The business had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $2.84 billion. During the same period in the previous year, the business earned $1.08 EPS. On average, analysts anticipate that CNA Financial Corporation will post 4.64 earnings per share for the current fiscal year.

CNA Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 4th. Shareholders of record on Monday, November 17th were issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend was Monday, November 17th. CNA Financial’s dividend payout ratio is 50.41%.

Insider Activity

In other news, Chairman Dino Robusto sold 6,250 shares of CNA Financial stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $46.92, for a total value of $293,250.00. Following the completion of the transaction, the chairman directly owned 668,088 shares of the company’s stock, valued at approximately $31,346,688.96. The trade was a 0.93% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.36% of the company’s stock.

Wall Street Analyst Weigh In

CNA has been the subject of a number of analyst reports. Zacks Research downgraded CNA Financial from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 1st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of CNA Financial in a research report on Monday, December 29th. Finally, Wall Street Zen cut CNA Financial from a “buy” rating to a “hold” rating in a research note on Saturday. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $53.00.

CNA Financial 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.