Odyssean LLC Buys Shares of 20,716 CNA Financial Corporation $CNA

Odyssean LLC purchased a new position in CNA Financial Corporation (NYSE:CNA) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 20,716 shares of the insurance provider’s stock, valued at approximately $1,007,000.

A number of other hedge funds also recently modified their holdings of CNA. Lloyd Advisory Services LLC. bought a new stake in CNA Financial during the 4th quarter worth approximately $25,000. Compass Financial Management LLC bought a new stake in CNA Financial during the 2nd quarter worth about $36,000. State of Wyoming acquired a new position in shares of CNA Financial during the 2nd quarter worth about $53,000. Quantbot Technologies LP bought a new position in shares of CNA Financial in the 2nd quarter valued at about $55,000. Finally, CIBC Private Wealth Group LLC increased its position in shares of CNA Financial by 142.7% in the third quarter. CIBC Private Wealth Group LLC now owns 1,223 shares of the insurance provider’s stock valued at $57,000 after acquiring an additional 719 shares during the last quarter. Institutional investors and hedge funds own 98.45% of the company’s stock.

CNA Financial Stock Down 0.1%

Shares of CNA stock opened at $49.27 on Monday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.27 and a current ratio of 0.27. The firm’s 50-day moving average is $50.91 and its 200-day moving average is $47.79. The stock has a market cap of $13.33 billion, a price-to-earnings ratio of 10.83, a PEG ratio of 6.58 and a beta of 0.28. CNA Financial Corporation has a 52-week low of $41.53 and a 52-week high of $55.71.

CNA Financial (NYSE:CNA) last posted its quarterly earnings results on Monday, August 3rd. The insurance provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.11. The business had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $2.97 billion. CNA Financial had a return on equity of 11.34% and a net margin of 8.16%.During the same quarter last year, the company posted $1.23 earnings per share. Sell-side analysts predict that CNA Financial Corporation will post 4.19 EPS for the current year.

CNA Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Monday, August 17th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Monday, August 17th. CNA Financial’s payout ratio is currently 42.20%.

Wall Street Analyst Weigh In

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

Insider Activity at CNA Financial

In related news, EVP Mark Steven James sold 8,273 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $53.15, for a total transaction of $439,709.95. Following the transaction, the executive vice president directly owned 26,446 shares of the company’s stock, valued at approximately $1,405,604.90. The trade was a 23.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Daniel Paul Franzetti sold 22,656 shares of the stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $53.09, for a total value of $1,202,807.04. Following the completion of the sale, the chief accounting officer owned 68,032 shares in the company, valued at approximately $3,611,818.88. This trade represents a 24.98% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.29% of the company’s stock.

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.