Vestcor Inc trimmed its stake in shares of CNA Financial Co. (NYSE:CNA - Free Report) by 32.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,889 shares of the insurance provider's stock after selling 5,116 shares during the quarter. Vestcor Inc's holdings in CNA Financial were worth $527,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also made changes to their positions in the stock. True Wealth Design LLC acquired a new stake in CNA Financial in the third quarter worth $36,000. EverSource Wealth Advisors LLC lifted its position in CNA Financial by 663.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 771 shares of the insurance provider's stock valued at $37,000 after purchasing an additional 670 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in CNA Financial by 29.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,265 shares of the insurance provider's stock valued at $61,000 after purchasing an additional 286 shares during the period. Quent Capital LLC grew its position in CNA Financial by 28.3% in the 4th quarter. Quent Capital LLC now owns 1,475 shares of the insurance provider's stock worth $71,000 after purchasing an additional 325 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in CNA Financial by 16.7% in the 4th quarter. GAMMA Investing LLC now owns 2,051 shares of the insurance provider's stock worth $99,000 after purchasing an additional 293 shares during the last quarter. Institutional investors own 98.45% of the company's stock.
Analyst Ratings Changes
CNA has been the subject of a number of recent analyst reports. StockNews.com lowered CNA Financial from a "buy" rating to a "hold" rating in a report on Tuesday, February 11th. Keefe, Bruyette & Woods lowered their price target on CNA Financial from $54.00 to $53.00 and set a "market perform" rating on the stock in a report on Wednesday, February 12th.
Check Out Our Latest Stock Analysis on CNA
CNA Financial Price Performance
Shares of CNA stock traded up $0.41 during mid-day trading on Monday, hitting $49.41. 349,728 shares of the stock traded hands, compared to its average volume of 284,208. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.28 and a current ratio of 0.28. The firm has a market cap of $13.38 billion, a price-to-earnings ratio of 14.04, a price-to-earnings-growth ratio of 9.23 and a beta of 0.68. The company's 50-day simple moving average is $48.56 and its 200-day simple moving average is $48.97. CNA Financial Co. has a twelve month low of $42.33 and a twelve month high of $52.36.
CNA Financial (NYSE:CNA - Get Free Report) last issued its quarterly earnings results on Monday, February 10th. The insurance provider reported $1.25 EPS for the quarter, topping the consensus estimate of $1.11 by $0.14. CNA Financial had a net margin of 6.72% and a return on equity of 12.90%. As a group, equities research analysts expect that CNA Financial Co. will post 4.64 earnings per share for the current year.
CNA Financial Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Monday, February 24th were given a $0.46 dividend. 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 annualized dividend and a yield of 3.72%. CNA Financial's payout ratio is 52.27%.
CNA Financial Profile
(
Free Report)
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.
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