Paragon Capital Management Ltd Has $277,000 Stake in Cna Financial Corp (CNA)

Paragon Capital Management Ltd lifted its stake in Cna Financial Corp (NYSE:CNA) by 17.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,276 shares of the insurance provider’s stock after purchasing an additional 934 shares during the quarter. Paragon Capital Management Ltd’s holdings in Cna Financial were worth $277,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Strs Ohio bought a new stake in Cna Financial during the 4th quarter worth about $447,000. Nisa Investment Advisors LLC grew its position in shares of Cna Financial by 44.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 52,000 shares of the insurance provider’s stock worth $2,296,000 after buying an additional 16,100 shares during the period. Meeder Asset Management Inc. acquired a new position in shares of Cna Financial during the 4th quarter worth about $26,000. Marshall Wace North America L.P. acquired a new position in shares of Cna Financial during the 3rd quarter worth about $552,000. Finally, Marshall Wace LLP grew its position in shares of Cna Financial by 104.6% during the 3rd quarter. Marshall Wace LLP now owns 290,215 shares of the insurance provider’s stock worth $13,248,000 after buying an additional 148,368 shares during the period. 99.64% of the stock is owned by institutional investors and hedge funds.

Separately, Zacks Investment Research lowered Cna Financial from a “hold” rating to a “sell” rating in a research report on Friday, January 18th.

Shares of CNA opened at $43.79 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.24 and a quick ratio of 0.24. Cna Financial Corp has a 52-week low of $41.49 and a 52-week high of $54.70. The company has a market capitalization of $12.63 billion, a P/E ratio of 12.96, a price-to-earnings-growth ratio of 2.17 and a beta of 0.92.

Cna Financial (NYSE:CNA) last released its quarterly earnings results on Monday, February 11th. The insurance provider reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.89). Cna Financial had a return on equity of 9.91% and a net margin of 11.00%. The firm had revenue of $2.22 billion for the quarter, compared to analyst estimates of $2.59 billion. During the same period last year, the company earned $1.05 EPS. Equities analysts forecast that Cna Financial Corp will post 4.01 EPS for the current year.

The company also recently declared a special dividend, which will be paid on Thursday, March 14th. Shareholders of record on Monday, February 25th will be given a dividend of $2.00 per share. This represents a yield of 3.24%. The ex-dividend date is Friday, February 22nd. Cna Financial’s dividend payout ratio (DPR) is currently 41.42%.

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Cna Financial Company Profile

CNA Financial Corporation provides commercial property and casualty insurance products primarily in the United States. It operates through Specialty, Commercial, International, Life & Group, and Corporate & Other segments. The company's property insurance products include property, marine, boiler, and machinery coverages; and casualty insurance products comprise workers compensation, general and product liability, commercial auto, and umbrella coverages.

Further Reading: Understanding Compound Annual Growth Rate (CAGR)

Institutional Ownership by Quarter for Cna Financial (NYSE:CNA)

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