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

Entropy Technologies LP acquired a new position in CNA Financial Co. (NYSE:CNA - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,165 shares of the insurance provider's stock, valued at approximately $840,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CNA. River Road Asset Management LLC raised its holdings in shares of CNA Financial by 0.6% during the 3rd quarter. River Road Asset Management LLC now owns 1,012,492 shares of the insurance provider's stock valued at $49,551,000 after purchasing an additional 5,539 shares in the last quarter. New York State Common Retirement Fund increased its position in CNA Financial by 366.7% during the third quarter. New York State Common Retirement Fund now owns 1,401,539 shares of the insurance provider's stock worth $68,591,000 after buying an additional 1,101,217 shares during the last quarter. US Bancorp DE raised its holdings in CNA Financial by 26.6% during the third quarter. US Bancorp DE now owns 3,449 shares of the insurance provider's stock valued at $169,000 after buying an additional 725 shares in the last quarter. Measured Wealth Private Client Group LLC lifted its position in shares of CNA Financial by 4.4% in the third quarter. Measured Wealth Private Client Group LLC now owns 13,605 shares of the insurance provider's stock worth $666,000 after buying an additional 578 shares during the last quarter. Finally, Pallas Capital Advisors LLC bought a new stake in shares of CNA Financial during the 3rd quarter worth about $369,000. Institutional investors own 98.45% of the company's stock.

Insider Transactions at CNA Financial

In related news, EVP Mark Steven James sold 18,547 shares of the 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 completion of the sale, the executive vice president now owns 22,917 shares in the company, valued at approximately $1,159,141.86. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Mark Steven James sold 18,547 shares of the company's stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 22,917 shares in the company, valued at approximately $1,159,141.86. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Douglas Worman sold 22,973 shares of CNA Financial 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 sale, the executive vice president now owns 133,777 shares in the company, valued at $6,521,628.75. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 67,680 shares of company stock worth $3,355,577. 0.30% of the stock is currently owned by company insiders.

CNA Financial Stock Performance

Shares of NYSE CNA traded down $0.21 during trading hours on Thursday, hitting $48.08. 65,971 shares of the company's stock were exchanged, compared to its average volume of 275,970. The company's 50-day moving average price is $49.15 and its 200-day moving average price is $47.51. CNA Financial Co. has a 1-year low of $39.19 and a 1-year high of $52.36. The stock has a market capitalization of $13.02 billion, a price-to-earnings ratio of 10.06, a PEG ratio of 6.22 and a beta of 0.65. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.26 and a quick ratio of 0.26.

CNA Financial (NYSE:CNA - Get Free Report) last issued its quarterly earnings results on Monday, November 4th. The insurance provider reported $1.08 EPS for the quarter, topping analysts' consensus estimates of $1.07 by $0.01. CNA Financial had a return on equity of 13.30% and a net margin of 9.26%. The company had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.15 billion. During the same period in the previous year, the company earned $1.06 earnings per share. On average, sell-side analysts expect that CNA Financial Co. will post 4.65 earnings per share for the current fiscal year.

CNA Financial Dividend Announcement

The business also recently declared 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 annualized dividend and a yield of 3.66%. CNA Financial's dividend payout ratio is 36.67%.

Analyst Ratings Changes

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

About CNA Financial

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.