34,075 Shares in CNA Financial Co. (NYSE:CNA) Acquired by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd bought a new stake in shares of CNA Financial Co. (NYSE:CNA - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 34,075 shares of the insurance provider's stock, valued at approximately $1,668,000.

A number of other institutional investors have also recently modified their holdings of the business. Fairscale Capital LLC purchased a new position in CNA Financial during the second quarter worth approximately $55,000. GAMMA Investing LLC grew its stake in CNA Financial by 36.9% in the 2nd quarter. GAMMA Investing LLC now owns 1,566 shares of the insurance provider's stock valued at $72,000 after acquiring an additional 422 shares during the period. Abich Financial Wealth Management LLC increased its holdings in CNA Financial by 39.1% in the 1st quarter. Abich Financial Wealth Management LLC now owns 1,756 shares of the insurance provider's stock worth $80,000 after acquiring an additional 494 shares in the last quarter. Whittier Trust Co. acquired a new position in CNA Financial during the second quarter worth $92,000. Finally, Blue Trust Inc. purchased a new position in CNA Financial during the second quarter valued at $94,000. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Bank of America boosted their target price on shares of CNA Financial from $45.00 to $48.00 and gave the stock an "underperform" rating in a research note on Thursday, October 10th. StockNews.com upgraded CNA Financial from a "hold" rating to a "buy" rating in a research note on Wednesday, November 13th. Finally, Keefe, Bruyette & Woods raised their target price on CNA Financial from $54.00 to $55.00 and gave the company a "market perform" rating in a research report on Friday, November 8th.

CNA Financial Price Performance

Shares of NYSE CNA traded up $0.30 during mid-day trading on Tuesday, reaching $50.02. The company's stock had a trading volume of 181,002 shares, compared to its average volume of 274,347. The stock has a market capitalization of $13.55 billion, a P/E ratio of 10.42, a P/E/G ratio of 6.35 and a beta of 0.65. CNA Financial Co. has a 1-year low of $40.92 and a 1-year high of $52.36. The stock has a 50-day moving average of $48.89 and a two-hundred day moving average of $47.80. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.26 and a current ratio of 0.26.

CNA Financial (NYSE:CNA - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.08 EPS for the quarter, beating analysts' consensus estimates of $1.07 by $0.01. The company had revenue of $3.62 billion during the quarter, compared to the consensus estimate 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 in the prior year, the firm earned $1.06 EPS. On average, equities research analysts anticipate that CNA Financial Co. will post 4.68 EPS for the current fiscal year.

CNA Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Monday, November 18th will be paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date is Monday, November 18th. CNA Financial's dividend payout ratio (DPR) is currently 36.67%.

Insider Buying and Selling at CNA Financial

In other news, EVP Douglas Worman sold 22,973 shares of the firm's stock in a transaction on 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 completion of the transaction, the executive vice president now directly owns 133,777 shares in the company, valued at $6,521,628.75. This trade represents a 14.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Mark Steven James sold 18,547 shares of the business'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 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 44.73 % decrease in their position. The disclosure for this sale can be found here. 0.31% of the stock is owned by company insiders.

CNA Financial Company 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.