Entropy Technologies LP Makes New Investment in CNA Financial Co. (NYSE:CNA)

Entropy Technologies LP bought a new stake in shares of CNA Financial Co. (NYSE:CNA) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 17,165 shares of the insurance provider’s stock, valued at approximately $840,000.

A number of other institutional investors have also recently added to or reduced their stakes in CNA. New York State Common Retirement Fund raised its position in CNA Financial by 366.7% in the third quarter. New York State Common Retirement Fund now owns 1,401,539 shares of the insurance provider’s stock valued at $68,591,000 after purchasing an additional 1,101,217 shares during the period. AQR Capital Management LLC raised its holdings in shares of CNA Financial by 97.9% during the 2nd quarter. AQR Capital Management LLC now owns 1,152,528 shares of the insurance provider’s stock valued at $51,760,000 after buying an additional 570,172 shares during the period. Bank of New York Mellon Corp lifted its position in CNA Financial by 45.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,068,956 shares of the insurance provider’s stock worth $49,247,000 after acquiring an additional 334,463 shares in the last quarter. River Road Asset Management LLC boosted its holdings in CNA Financial by 0.6% in the 3rd quarter. River Road Asset Management LLC now owns 1,012,492 shares of the insurance provider’s stock worth $49,551,000 after acquiring an additional 5,539 shares during the period. Finally, Vanguard Group Inc. grew its position in CNA Financial by 1.0% in the first quarter. Vanguard Group Inc. now owns 706,279 shares of the insurance provider’s stock valued at $32,079,000 after acquiring an additional 7,201 shares in the last quarter. 98.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on CNA shares. Keefe, Bruyette & Woods boosted their target price on shares of CNA Financial from $54.00 to $55.00 and gave the stock a “market perform” rating in a research report on Friday, November 8th. Bank of America boosted their price objective on shares of CNA Financial from $45.00 to $48.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. Finally, StockNews.com upgraded CNA Financial from a “hold” rating to a “buy” rating in a research note on Wednesday.

Insider Buying and Selling

In related news, EVP Mark Steven James sold 18,547 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $50.58, for a total value of $938,107.26. Following the transaction, the executive vice president now directly owns 22,917 shares in the company, valued at approximately $1,159,141.86. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, EVP Mark Steven James sold 18,547 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $50.58, for a total value of $938,107.26. Following the sale, the executive vice president now owns 22,917 shares of the company’s stock, valued at $1,159,141.86. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Douglas Worman sold 22,973 shares of the stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $48.75, for a total transaction of $1,119,933.75. Following the sale, the executive vice president now owns 133,777 shares of the company’s stock, valued at $6,521,628.75. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 67,680 shares of company stock worth $3,355,577. Corporate insiders own 0.30% of the company’s stock.

CNA Financial Stock Down 0.1 %

CNA stock opened at $48.30 on Thursday. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.28. The firm’s 50-day simple moving average is $49.15 and its 200 day simple moving average is $47.51. The stock has a market cap of $13.08 billion, a PE ratio of 10.06, a price-to-earnings-growth ratio of 6.22 and a beta of 0.65. CNA Financial Co. has a fifty-two week low of $38.87 and a fifty-two week high of $52.36.

CNA Financial (NYSE:CNA) last posted its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.01. The company had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.15 billion. CNA Financial had a net margin of 9.26% and a return on equity of 13.30%. During the same quarter last year, the firm posted $1.06 EPS. As a group, sell-side analysts predict that CNA Financial Co. will post 4.65 EPS for the current year.

CNA Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Monday, November 18th will be given a $0.44 dividend. The ex-dividend date is Monday, November 18th. This represents a $1.76 dividend on an annualized basis and a yield of 3.64%. CNA Financial’s payout ratio is 36.67%.

CNA Financial Profile

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.