Charles Schwab Investment Management Inc. Lowers Position in CNA Financial Co. (NYSE:CNA)

Charles Schwab Investment Management Inc. lowered its stake in shares of CNA Financial Co. (NYSE:CNA - Free Report) by 14.1% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 283,506 shares of the insurance provider's stock after selling 46,610 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.10% of CNA Financial worth $13,875,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in CNA. AQR Capital Management LLC grew its stake in CNA Financial by 97.9% in the 2nd quarter. AQR Capital Management LLC now owns 1,152,528 shares of the insurance provider's stock valued at $51,760,000 after buying an additional 570,172 shares in the last quarter. Creative Planning lifted its holdings in CNA Financial by 16.5% during the 3rd quarter. Creative Planning now owns 16,067 shares of the insurance provider's stock worth $786,000 after purchasing an additional 2,272 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in CNA Financial during the 2nd quarter valued at about $273,000. Hsbc Holdings PLC increased its position in shares of CNA Financial by 178.9% during the second quarter. Hsbc Holdings PLC now owns 76,136 shares of the insurance provider's stock valued at $3,505,000 after buying an additional 48,837 shares during the period. Finally, Quest Partners LLC lifted its holdings in shares of CNA Financial by 69.3% in the third quarter. Quest Partners LLC now owns 26,737 shares of the insurance provider's stock worth $1,309,000 after buying an additional 10,940 shares in the last quarter. Institutional investors own 98.45% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Bank of America upped their target price on shares of CNA Financial from $45.00 to $48.00 and gave the stock an "underperform" rating in a report on Thursday, October 10th. StockNews.com raised shares of CNA Financial from a "hold" rating to a "buy" rating in a report on Wednesday, November 13th. Finally, Keefe, Bruyette & Woods upped their price target on shares of CNA Financial from $54.00 to $55.00 and gave the company a "market perform" rating in a research report on Friday, November 8th.

CNA Financial Stock Down 1.3 %

Shares of CNA stock traded down $0.64 during midday trading on Monday, reaching $49.45. 104,324 shares of the stock were exchanged, compared to its average volume of 273,070. CNA Financial Co. has a 1 year low of $40.92 and a 1 year high of $52.36. The company's 50 day moving average is $49.03 and its two-hundred day moving average is $48.13. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.28. The firm has a market cap of $13.39 billion, a PE ratio of 10.44, a price-to-earnings-growth ratio of 6.42 and a beta of 0.66.

CNA Financial (NYSE:CNA - Get Free Report) last posted its quarterly earnings results on Monday, November 4th. The insurance provider reported $1.08 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.01. The company had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.15 billion. CNA Financial had a return on equity of 13.30% and a net margin of 9.26%. During the same quarter in the prior year, the business posted $1.06 EPS. On average, equities research analysts predict that CNA Financial Co. will post 4.68 EPS for the current year.

CNA Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Monday, November 18th were paid a $0.44 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.76 annualized dividend and a dividend yield of 3.56%. CNA Financial's payout ratio is currently 36.67%.

Insider Buying and Selling

In other news, EVP Mark Steven James sold 18,547 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $50.58, for a total transaction of $938,107.26. Following the transaction, the executive vice president now directly owns 22,917 shares of the company's stock, valued at $1,159,141.86. This represents a 44.73 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Douglas Worman sold 22,973 shares of the stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $48.75, for a total value of $1,119,933.75. Following the transaction, the executive vice president now directly owns 133,777 shares in the company, valued at $6,521,628.75. The trade was a 14.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.31% of the stock is currently owned by company insiders.

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.