Entropy Technologies LP Makes New $840,000 Investment in CNA Financial Co. (NYSE:CNA)

Entropy Technologies LP purchased a new stake in shares of CNA Financial Co. (NYSE:CNA) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 17,165 shares of the insurance provider’s stock, valued at approximately $840,000.

Other hedge funds have also modified their holdings of the company. Tidal Investments LLC grew its stake in CNA Financial by 335.4% in the first quarter. Tidal Investments LLC now owns 30,046 shares of the insurance provider’s stock valued at $1,365,000 after purchasing an additional 23,146 shares in the last quarter. Symmetry Partners LLC increased its holdings in CNA Financial by 318.3% in the second quarter. Symmetry Partners LLC now owns 20,361 shares of the insurance provider’s stock worth $938,000 after buying an additional 15,493 shares during the last quarter. AQR Capital Management LLC raised its position in CNA Financial by 97.9% during the second quarter. AQR Capital Management LLC now owns 1,152,528 shares of the insurance provider’s stock valued at $51,760,000 after acquiring an additional 570,172 shares in the last quarter. Creative Planning raised its position in CNA Financial by 16.5% during the third quarter. Creative Planning now owns 16,067 shares of the insurance provider’s stock valued at $786,000 after acquiring an additional 2,272 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in CNA Financial in the second quarter valued at approximately $273,000. 98.45% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other CNA Financial news, EVP Mark Steven James sold 18,547 shares of CNA Financial stock in a transaction that occurred on Monday, September 16th. The stock was 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 of the company’s stock, valued at $1,159,141.86. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other CNA Financial news, EVP Douglas Worman sold 22,973 shares of the stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $48.75, for a total value of $1,119,933.75. Following the completion of the sale, the executive vice president now directly owns 133,777 shares of the company’s stock, valued at $6,521,628.75. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Mark Steven James sold 18,547 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $50.58, for a total transaction of $938,107.26. Following the completion of the sale, the executive vice president now owns 22,917 shares in the company, valued at $1,159,141.86. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 67,680 shares of company stock valued at $3,355,577. Insiders own 0.30% of the company’s stock.

Analyst Upgrades and Downgrades

CNA has been the topic of a number of recent research reports. StockNews.com upgraded shares of CNA Financial from a “hold” rating to a “buy” rating in a report on Wednesday. Keefe, Bruyette & Woods increased 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. Finally, Bank of America boosted their price target on CNA Financial from $45.00 to $48.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th.

CNA Financial Trading Down 0.1 %

Shares of CNA stock opened at $48.30 on Thursday. CNA Financial Co. has a 12 month low of $38.87 and a 12 month high of $52.36. The company 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. 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 business’s 50 day moving average is $49.15 and its two-hundred day moving average is $47.51.

CNA Financial (NYSE:CNA) last posted its earnings results on Monday, November 4th. The insurance provider reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.01. The business had revenue of $3.62 billion for 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 period last year, the business posted $1.06 EPS. Equities analysts predict that CNA Financial Co. will post 4.65 EPS for the current year.

CNA Financial Announces Dividend

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