Bank of New York Mellon Corp Buys 468,058 Shares of CNA Financial Co. (NYSE:CNA)

Bank of New York Mellon Corp grew its position in shares of CNA Financial Co. (NYSE:CNA - Free Report) by 66.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,177,110 shares of the insurance provider's stock after acquiring an additional 468,058 shares during the quarter. Bank of New York Mellon Corp owned about 0.43% of CNA Financial worth $56,937,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of CNA. Jane Street Group LLC grew its holdings in CNA Financial by 158.0% during the third quarter. Jane Street Group LLC now owns 288,443 shares of the insurance provider's stock worth $14,116,000 after buying an additional 176,649 shares in the last quarter. Edgestream Partners L.P. bought a new stake in CNA Financial during the third quarter worth $7,585,000. Ieq Capital LLC grew its holdings in CNA Financial by 276.3% during the fourth quarter. Ieq Capital LLC now owns 82,893 shares of the insurance provider's stock worth $4,010,000 after buying an additional 60,867 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in CNA Financial during the third quarter worth $1,668,000. Finally, BNP Paribas Financial Markets grew its holdings in CNA Financial by 6,505.2% during the third quarter. BNP Paribas Financial Markets now owns 30,780 shares of the insurance provider's stock worth $1,506,000 after buying an additional 30,314 shares in the last quarter. Institutional investors own 98.45% of the company's stock.

CNA Financial Stock Performance

Shares of CNA Financial stock traded up $0.16 during trading hours on Friday, hitting $48.38. 283,310 shares of the company's stock traded hands, compared to its average volume of 327,091. CNA Financial Co. has a 12-month low of $42.33 and a 12-month high of $52.36. The stock has a market capitalization of $13.10 billion, a price-to-earnings ratio of 13.74, a PEG ratio of 9.23 and a beta of 0.68. The company has a fifty day simple moving average of $48.56 and a 200-day simple moving average of $49.09. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.28 and a quick ratio of 0.28.

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CNA Financial (NYSE:CNA - Get Free Report) last announced its earnings results on Monday, February 10th. The insurance provider reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.14. CNA Financial had a return on equity of 12.90% and a net margin of 6.72%. Equities research analysts anticipate that CNA Financial Co. will post 4.64 EPS for the current fiscal year.

CNA Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Monday, February 24th will be paid a dividend of $0.46 per share. This is an increase from CNA Financial's previous quarterly dividend of $0.44. The ex-dividend date is Monday, February 24th. This represents a $1.84 annualized dividend and a dividend yield of 3.80%. CNA Financial's dividend payout ratio is presently 52.27%.

Analysts Set New Price Targets

Several brokerages recently issued reports on CNA. StockNews.com downgraded CNA Financial from a "buy" rating to a "hold" rating in a report on Tuesday, February 11th. Keefe, Bruyette & Woods decreased their target price on CNA Financial from $54.00 to $53.00 and set a "market perform" rating for the company in a research report on Wednesday, February 12th.

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.