CNA Financial Co. (NYSE:CNA) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. trimmed its stake in CNA Financial Co. (NYSE:CNA - Free Report) by 2.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 277,614 shares of the insurance provider's stock after selling 5,892 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.10% of CNA Financial worth $13,428,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Bank of New York Mellon Corp boosted its holdings in CNA Financial by 66.0% during the 4th quarter. Bank of New York Mellon Corp now owns 1,177,110 shares of the insurance provider's stock valued at $56,937,000 after acquiring an additional 468,058 shares during the period. CORDA Investment Management LLC. increased its stake in shares of CNA Financial by 1.8% during the fourth quarter. CORDA Investment Management LLC. now owns 661,532 shares of the insurance provider's stock valued at $31,998,000 after buying an additional 11,597 shares during the period. Jane Street Group LLC raised its holdings in shares of CNA Financial by 158.0% in the third quarter. Jane Street Group LLC now owns 288,443 shares of the insurance provider's stock valued at $14,116,000 after acquiring an additional 176,649 shares in the last quarter. Edgestream Partners L.P. purchased a new stake in CNA Financial in the third quarter worth about $7,585,000. Finally, Cyndeo Wealth Partners LLC lifted its stake in CNA Financial by 6.2% in the fourth quarter. Cyndeo Wealth Partners LLC now owns 132,259 shares of the insurance provider's stock worth $6,397,000 after acquiring an additional 7,767 shares during the period. Institutional investors own 98.45% of the company's stock.

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Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CNA. Keefe, Bruyette & Woods lowered their price target on shares of 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. StockNews.com downgraded CNA Financial from a "buy" rating to a "hold" rating in a report on Tuesday, February 11th.

Insider Activity at CNA Financial

In related news, Chairman Dino Robusto sold 6,250 shares of the firm's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $48.86, for a total value of $305,375.00. Following the completion of the transaction, the chairman now owns 720,442 shares in the company, valued at $35,200,796.12. This trade represents a 0.86 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Daniel Paul Franzetti sold 12,991 shares of the business's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $49.06, for a total value of $637,338.46. Following the sale, the chief accounting officer now owns 75,612 shares in the company, valued at approximately $3,709,524.72. The trade was a 14.66 % decrease in their position. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by insiders.

CNA Financial Stock Up 0.0 %

Shares of NYSE CNA traded up $0.01 during trading hours on Tuesday, hitting $49.81. 267,434 shares of the stock were exchanged, compared to its average volume of 289,945. The company has a market cap of $13.49 billion, a PE ratio of 14.15, a PEG ratio of 9.23 and a beta of 0.68. CNA Financial Co. has a 12 month low of $42.33 and a 12 month high of $52.36. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.28. The firm has a fifty day moving average price of $48.84 and a 200-day moving average price of $48.87.

CNA Financial (NYSE:CNA - Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The insurance provider reported $1.25 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%. On average, sell-side analysts expect that CNA Financial Co. will post 4.64 EPS for the current year.

CNA Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Monday, February 24th were paid a dividend of $0.46 per share. This is a positive change from CNA Financial's previous quarterly dividend of $0.44. The ex-dividend date was Monday, February 24th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.69%. CNA Financial's payout ratio is presently 52.27%.

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.