Cerity Partners LLC Has $883,000 Stock Position in CNA Financial Co. (NYSE:CNA)

Cerity Partners LLC increased its stake in shares of CNA Financial Co. (NYSE:CNA - Free Report) by 70.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,231 shares of the insurance provider's stock after acquiring an additional 7,566 shares during the period. Cerity Partners LLC's holdings in CNA Financial were worth $883,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Barclays PLC raised its position in CNA Financial by 108.7% in the 3rd quarter. Barclays PLC now owns 31,444 shares of the insurance provider's stock valued at $1,539,000 after buying an additional 16,377 shares during the last quarter. Virtu Financial LLC acquired a new position in CNA Financial during the third quarter worth $690,000. Tidal Investments LLC grew its position in CNA Financial by 9.8% in the third quarter. Tidal Investments LLC now owns 14,974 shares of the insurance provider's stock valued at $733,000 after purchasing an additional 1,338 shares in the last quarter. GAMMA Investing LLC increased its stake in CNA Financial by 16.7% in the 4th quarter. GAMMA Investing LLC now owns 2,051 shares of the insurance provider's stock valued at $99,000 after buying an additional 293 shares during the last quarter. Finally, Pallas Capital Advisors LLC lifted its position in CNA Financial by 4.4% during the 4th quarter. Pallas Capital Advisors LLC now owns 7,767 shares of the insurance provider's stock worth $376,000 after buying an additional 327 shares in the last quarter. 98.45% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Keefe, Bruyette & Woods lowered their target price on CNA Financial from $54.00 to $53.00 and set a "market perform" rating on the stock in a research report on Wednesday, February 12th. StockNews.com lowered CNA Financial from a "buy" rating to a "hold" rating in a research report on Tuesday, February 11th.

Insider Transactions at CNA Financial

In other CNA Financial news, CAO Daniel Paul Franzetti sold 12,991 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $49.06, for a total transaction of $637,338.46. Following the transaction, the chief accounting officer now owns 75,612 shares in the company, valued at $3,709,524.72. This represents a 14.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Chairman Dino Robusto sold 6,250 shares of CNA Financial stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $51.06, for a total transaction of $319,125.00. Following the completion of the sale, the chairman now owns 718,088 shares of the company's stock, valued at approximately $36,665,573.28. The trade was a 0.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,491 shares of company stock worth $1,261,838. 0.30% of the stock is owned by insiders.

CNA Financial Stock Performance

Shares of CNA Financial stock traded down $0.24 during trading on Wednesday, hitting $47.85. 91,448 shares of the stock were exchanged, compared to its average volume of 321,240. CNA Financial Co. has a 1-year low of $42.33 and a 1-year high of $52.36. The stock has a market capitalization of $12.93 billion, a price-to-earnings ratio of 13.59, a price-to-earnings-growth ratio of 9.23 and a beta of 0.47. The company has a fifty day moving average price of $48.62 and a 200-day moving average price of $48.70. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.28.

CNA Financial (NYSE:CNA - Get Free Report) last released its quarterly earnings data on Monday, February 10th. The insurance provider reported $1.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.11 by $0.14. CNA Financial had a return on equity of 12.90% and a net margin of 6.72%. As a group, equities analysts predict that CNA Financial Co. will post 4.64 EPS for the current fiscal year.

CNA Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Monday, February 24th were given a $0.46 dividend. The ex-dividend date of this dividend was Monday, February 24th. This is a positive change from CNA Financial's previous quarterly dividend of $0.44. This represents a $1.84 annualized dividend and a dividend yield of 3.85%. CNA Financial's dividend payout ratio is presently 52.27%.

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.