Mirae Asset Global Investments Co. Ltd. Buys 81,473 Shares of CNA Financial Corporation $CNA

Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of CNA Financial Corporation (NYSE:CNA) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 81,473 shares of the insurance provider’s stock, valued at approximately $3,657,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vise Technologies Inc. raised its stake in CNA Financial by 37.9% in the 3rd quarter. Vise Technologies Inc. now owns 21,817 shares of the insurance provider’s stock valued at $979,000 after acquiring an additional 5,996 shares during the period. Evergreen Capital Management LLC boosted its position in CNA Financial by 20.7% during the third quarter. Evergreen Capital Management LLC now owns 22,767 shares of the insurance provider’s stock worth $1,022,000 after purchasing an additional 3,904 shares during the period. Gibbs Wealth Management increased its stake in shares of CNA Financial by 3.2% in the third quarter. Gibbs Wealth Management now owns 23,873 shares of the insurance provider’s stock worth $1,071,000 after purchasing an additional 732 shares in the last quarter. MBM Wealth Consultants LLC increased its stake in shares of CNA Financial by 18.0% in the third quarter. MBM Wealth Consultants LLC now owns 13,546 shares of the insurance provider’s stock worth $608,000 after purchasing an additional 2,071 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC bought a new stake in shares of CNA Financial in the third quarter valued at approximately $563,000. Institutional investors own 98.45% of the company’s stock.

CNA Financial Price Performance

Shares of CNA traded down $0.83 during midday trading on Friday, hitting $47.29. 420,699 shares of the company traded hands, compared to its average volume of 386,864. CNA Financial Corporation has a one year low of $41.53 and a one year high of $55.71. The firm has a market cap of $12.80 billion, a P/E ratio of 12.48, a PEG ratio of 5.49 and a beta of 0.22. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.27 and a quick ratio of 0.27. The stock has a 50-day moving average of $47.54 and a 200-day moving average of $47.75.

CNA Financial (NYSE:CNA) last released its quarterly earnings data on Monday, November 2nd. The insurance provider reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.46). The firm had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.02 billion. CNA Financial had a net margin of 6.80% and a return on equity of 9.53%. During the same quarter last year, the business posted $1.50 earnings per share. As a group, sell-side analysts predict that CNA Financial Corporation will post 3.94 EPS for the current fiscal year.

CNA Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 3rd. Investors of record on Monday, November 16th will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Monday, November 16th. CNA Financial’s dividend payout ratio (DPR) is 50.66%.

Analyst Ratings Changes

CNA has been the topic of a number of recent research reports. Weiss Ratings cut shares of CNA Financial from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday. Zacks Research upgraded shares of CNA Financial from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 16th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

CNA Financial Profile

CNA Financial Corporation (NYSE: CNA) is a commercial property and casualty insurance company serving businesses, professionals and organizations. Its offerings include commercial property, casualty, workers’ compensation, professional liability, management liability, cyber, surety, marine and other specialty insurance products.

The company distributes its products primarily through independent agents, brokers and other insurance intermediaries. CNA serves customers across the United States and Canada, as well as selected international markets, including the United Kingdom and Europe.