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

Entropy Technologies LP acquired a new stake in shares of CNA Financial Co. (NYSE:CNA - Free Report) in the third quarter, according to the company in its most recent 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.

A number of other institutional investors also recently bought and sold shares of CNA. Fairscale Capital LLC bought a new stake in shares of CNA Financial during the 2nd quarter valued at about $55,000. GAMMA Investing LLC boosted its stake in shares of CNA Financial by 36.9% during the 2nd quarter. GAMMA Investing LLC now owns 1,566 shares of the insurance provider's stock worth $72,000 after acquiring an additional 422 shares during the last quarter. Abich Financial Wealth Management LLC grew its position in shares of CNA Financial by 39.1% during the 1st quarter. Abich Financial Wealth Management LLC now owns 1,756 shares of the insurance provider's stock valued at $80,000 after acquiring an additional 494 shares during the period. Covestor Ltd increased its stake in shares of CNA Financial by 82.0% in the 1st quarter. Covestor Ltd now owns 1,971 shares of the insurance provider's stock worth $90,000 after purchasing an additional 888 shares in the last quarter. Finally, Whittier Trust Co. bought a new position in CNA Financial in the 2nd quarter worth $92,000. Institutional investors own 98.45% of the company's stock.

CNA Financial Price Performance

Shares of CNA Financial stock traded down $0.21 during trading hours on Thursday, hitting $48.08. The company's stock had a trading volume of 65,971 shares, compared to its average volume of 275,970. The company has a market cap of $13.02 billion, a PE 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 quick ratio of 0.26 and a current ratio of 0.26. The business has a 50 day moving average price of $49.15 and a two-hundred day moving average price of $47.51. CNA Financial Co. has a 12-month low of $39.19 and a 12-month high of $52.36.

CNA Financial (NYSE:CNA - Get Free Report) last posted 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 for the quarter, compared to analysts' expectations of $3.15 billion. During the same period in the previous year, the firm earned $1.06 EPS. 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 announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Monday, November 18th will be given a dividend of $0.44 per share. 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 3.66%. CNA Financial's dividend payout ratio is 36.67%.

Insider Activity at CNA Financial

In other CNA Financial 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 transaction of $938,107.26. Following the completion of the transaction, the executive vice president now owns 22,917 shares of the company's stock, valued at $1,159,141.86. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Douglas Worman sold 22,973 shares of the company's stock in a transaction on Thursday, November 7th. The shares were 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 represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Mark Steven James sold 18,547 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $50.58, for a total transaction of $938,107.26. Following the transaction, the executive vice president now owns 22,917 shares of the company's stock, valued at $1,159,141.86. 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 valued at $3,355,577. Corporate insiders own 0.30% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on the company. Keefe, Bruyette & Woods upped their price target on 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 raised 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. Finally, StockNews.com upgraded shares of CNA Financial from a "hold" rating to a "buy" rating in a research report on Wednesday.

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.