Frank Rimerman Advisors LLC Decreases Stake in CNA Financial Co. (NYSE:CNA)

Frank Rimerman Advisors LLC cut its holdings in shares of CNA Financial Co. (NYSE:CNA - Free Report) by 44.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,399 shares of the insurance provider's stock after selling 7,467 shares during the quarter. Frank Rimerman Advisors LLC's holdings in CNA Financial were worth $455,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Savant Capital LLC grew its stake in shares of CNA Financial by 2.6% during the 4th quarter. Savant Capital LLC now owns 9,139 shares of the insurance provider's stock worth $442,000 after acquiring an additional 230 shares during the period. US Bancorp DE grew its stake in shares of CNA Financial by 7.4% during the 4th quarter. US Bancorp DE now owns 3,703 shares of the insurance provider's stock worth $179,000 after acquiring an additional 254 shares during the period. Raymond James Trust N.A. grew its stake in shares of CNA Financial by 4.1% during the 3rd quarter. Raymond James Trust N.A. now owns 6,526 shares of the insurance provider's stock worth $319,000 after acquiring an additional 260 shares during the period. Smartleaf Asset Management LLC grew its stake in shares of CNA Financial by 29.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,265 shares of the insurance provider's stock worth $61,000 after acquiring an additional 286 shares during the period. Finally, GAMMA Investing LLC grew its stake in shares of CNA Financial by 16.7% during the 4th quarter. GAMMA Investing LLC now owns 2,051 shares of the insurance provider's stock worth $99,000 after acquiring an additional 293 shares during the period. 98.45% of the stock is owned by hedge funds and other institutional investors.

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Insiders Place Their Bets

In related news, Chairman Dino Robusto bought 3,896 shares of the company's stock in a transaction on Thursday, March 13th. The shares were acquired at an average cost of $47.63 per share, with a total value of $185,566.48. Following the completion of the acquisition, the chairman now owns 724,338 shares of the company's stock, valued at $34,500,218.94. The trade was a 0.54 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Daniel Paul Franzetti sold 12,991 shares of the business's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $49.06, for a total value of $637,338.46. Following the completion of the sale, the chief accounting officer now directly owns 75,612 shares in the company, valued at $3,709,524.72. This trade represents a 14.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.30% of the company's stock.

CNA Financial Trading Down 0.1 %

Shares of CNA stock traded down $0.06 during trading hours on Thursday, reaching $49.20. The company's stock had a trading volume of 323,339 shares, compared to its average volume of 285,238. The stock has a market capitalization of $13.33 billion, a P/E ratio of 13.98, a P/E/G ratio of 9.23 and a beta of 0.68. CNA Financial Co. has a one year low of $42.33 and a one year high of $52.36. The firm's fifty day simple moving average is $48.67 and its 200 day simple moving average is $48.94. 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 results on Monday, February 10th. The insurance provider reported $1.25 earnings per share 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 expect that CNA Financial Co. will post 4.64 EPS for the current year.

CNA Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Monday, February 24th were issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 3.74%. This is an increase from CNA Financial's previous quarterly dividend of $0.44. The ex-dividend date was Monday, February 24th. CNA Financial's payout ratio is 52.27%.

Wall Street Analysts Forecast Growth

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

CNA Financial 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.