Russell Investments Group Ltd. Has $9.98 Million Holdings in CNA Financial Corporation $CNA

by · The Cerbat Gem

Russell Investments Group Ltd. raised its position in shares of CNA Financial Corporation (NYSE:CNA – Free Report) by 145.6% in the second quarter, HoldingsChannel reports. The fund owned 214,575 shares of the insurance provider’s stock after acquiring an additional 127,223 shares during the period. Russell Investments Group Ltd.’s holdings in CNA Financial were worth $9,984,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its holdings in CNA Financial by 210.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 862,690 shares of the insurance provider’s stock worth $43,816,000 after purchasing an additional 585,076 shares during the last quarter. Rhumbline Advisers increased its position in CNA Financial by 578.1% during the 2nd quarter. Rhumbline Advisers now owns 495,860 shares of the insurance provider’s stock worth $23,072,000 after buying an additional 422,737 shares during the period. AQR Capital Management LLC lifted its holdings in shares of CNA Financial by 21.4% during the first quarter. AQR Capital Management LLC now owns 2,355,192 shares of the insurance provider’s stock worth $119,090,000 after buying an additional 415,856 shares in the last quarter. Torray Investment Partners LLC boosted its position in shares of CNA Financial by 335.0% in the second quarter. Torray Investment Partners LLC now owns 422,918 shares of the insurance provider’s stock valued at $19,678,000 after acquiring an additional 325,695 shares during the period. Finally, Jacobs Levy Equity Management Inc. acquired a new position in shares of CNA Financial in the first quarter valued at about $16,258,000. Institutional investors own 98.45% of the company’s stock.

Insider Buying and Selling at CNA Financial

In other news, CFO Scott R. Lindquist sold 8,380 shares of the business’s stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $48.98, for a total transaction of $410,452.40. Following the completion of the transaction, the chief financial officer owned 81,487 shares of the company’s stock, valued at approximately $3,991,233.26. The trade was a 9.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Dino Robusto sold 6,250 shares of the company’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $46.92, for a total value of $293,250.00. Following the sale, the chairman owned 668,088 shares of the company’s stock, valued at approximately $31,346,688.96. This represents a 0.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 27,130 shares of company stock valued at $1,275,765 over the last 90 days. Corporate insiders own 0.36% of the company’s stock.

CNA Financial Trading Up 0.1%

Shares of CNA Financial stock opened at $46.25 on Wednesday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.26. CNA Financial Corporation has a 12-month low of $43.29 and a 12-month high of $51.42. The company has a market capitalization of $12.52 billion, a price-to-earnings ratio of 12.67, a PEG ratio of 3.82 and a beta of 0.40. The firm’s 50-day moving average price is $45.86 and its two-hundred day moving average price is $46.27.

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

CNA Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Shareholders of record on Monday, November 17th will be paid a dividend of $0.46 per share. The ex-dividend date is Monday, November 17th. This represents a $1.84 annualized dividend and a yield of 4.0%. CNA Financial’s dividend payout ratio is presently 50.41%.

Analyst Ratings Changes

Several analysts have weighed in on CNA shares. Zacks Research upgraded shares of CNA Financial from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 17th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CNA Financial in a report on Monday. Finally, Wall Street Zen upgraded CNA Financial from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, CNA Financial currently has a consensus rating of “Buy” and a consensus target price of $53.00.

View Our Latest Analysis on CNA Financial

About CNA Financial

(Free Report)

CNA Financial Corporation provides commercial property and casualty insurance products in the United States and internationally. It operates through Specialty, Commercial, International, Life & Group, and Corporate & Other segments. The company offers professional liability coverages and risk management services to various professional firms, including architects, real estate agents, and accounting and law firms; directors and officers, employment practices, fiduciary, and fidelity and cyber coverages to small and mid-size firms, public and privately held firms, and not-for-profit organizations; professional and general liability, as well as associated casualty coverages for healthcare industry; surety and fidelity bonds; and warranty and alternative risks products.

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