CNA Financial Corporation $CNA Shares Bought by Fifth Third Bancorp

Fifth Third Bancorp boosted its stake in shares of CNA Financial Corporation (NYSE:CNA) by 398.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 17,228 shares of the insurance provider’s stock after purchasing an additional 13,771 shares during the period. Fifth Third Bancorp’s holdings in CNA Financial were worth $791,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in CNA. Lloyd Advisory Services LLC. purchased a new stake in shares of CNA Financial during the fourth quarter valued at $25,000. State of Wyoming purchased a new position in CNA Financial in the 2nd quarter worth $53,000. Quantbot Technologies LP acquired a new stake in CNA Financial during the 2nd quarter worth about $55,000. CIBC Private Wealth Group LLC lifted its position in CNA Financial by 142.7% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,223 shares of the insurance provider’s stock worth $57,000 after acquiring an additional 719 shares during the period. Finally, EverSource Wealth Advisors LLC grew its stake in CNA Financial by 28.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,435 shares of the insurance provider’s stock valued at $67,000 after purchasing an additional 318 shares during the last quarter. Hedge funds and other institutional investors own 98.45% of the company’s stock.

CNA Financial Trading Up 1.0%

Shares of NYSE:CNA opened at $54.20 on Tuesday. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.27. CNA Financial Corporation has a 12-month low of $41.53 and a 12-month high of $54.60. The business has a 50 day moving average of $47.34 and a two-hundred day moving average of $47.12. The company has a market capitalization of $14.66 billion, a PE ratio of 12.12, a PEG ratio of 7.34 and a beta of 0.28.

CNA Financial (NYSE:CNA) last issued its quarterly earnings data on Monday, May 4th. The insurance provider reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.47). CNA Financial had a return on equity of 11.57% and a net margin of 8.08%.The firm had revenue of $3.68 billion for the quarter, compared to analyst estimates of $2.93 billion. During the same period in the previous year, the business earned $1.03 EPS. As a group, analysts forecast that CNA Financial Corporation will post 4.09 EPS for the current year.

CNA Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, May 18th were issued a $0.48 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $1.92 dividend on an annualized basis and a yield of 3.5%. CNA Financial’s payout ratio is presently 42.95%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on CNA shares. Weiss Ratings raised CNA Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, July 17th. Zacks Research raised CNA Financial from a “strong sell” rating to a “hold” rating in a report on Thursday, July 16th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

About CNA Financial

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.