Vestcor Inc Reduces Holdings in CNA Financial Co. (NYSE:CNA)

Vestcor Inc lessened its holdings in CNA Financial Co. (NYSE:CNA - Free Report) by 32.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,889 shares of the insurance provider's stock after selling 5,116 shares during the period. Vestcor Inc's holdings in CNA Financial were worth $527,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of CNA Financial by 21.3% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 136,647 shares of the insurance provider's stock worth $6,610,000 after purchasing an additional 24,007 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of CNA Financial by 1,785.7% in the 4th quarter. Farther Finance Advisors LLC now owns 2,112 shares of the insurance provider's stock worth $102,000 after purchasing an additional 2,000 shares during the period. EverSource Wealth Advisors LLC raised its stake in CNA Financial by 663.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 771 shares of the insurance provider's stock worth $37,000 after acquiring an additional 670 shares during the period. HighTower Advisors LLC raised its stake in CNA Financial by 38.5% during the 4th quarter. HighTower Advisors LLC now owns 30,707 shares of the insurance provider's stock worth $1,485,000 after acquiring an additional 8,535 shares during the period. Finally, AGF Management Ltd. bought a new stake in CNA Financial during the 4th quarter worth approximately $2,533,000. Institutional investors own 98.45% of the company's stock.

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CNA Financial Price Performance

Shares of CNA Financial stock traded down $0.02 on Tuesday, hitting $49.32. 127,323 shares of the company traded hands, compared to its average volume of 283,578. The stock has a market capitalization of $13.36 billion, a P/E ratio of 14.01, a price-to-earnings-growth ratio of 9.23 and a beta of 0.68. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.28 and a current ratio of 0.28. CNA Financial Co. has a 52 week low of $42.33 and a 52 week high of $52.36. The business has a 50-day simple moving average of $48.60 and a 200 day simple moving average of $48.96.

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 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%. Research analysts expect that CNA Financial Co. will post 4.64 earnings per share for the current fiscal year.

CNA Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Monday, February 24th were issued 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 dividend on an annualized basis and a dividend yield of 3.73%. CNA Financial's dividend payout ratio (DPR) is 52.27%.

Analysts Set New Price Targets

A number of equities research analysts have commented on CNA shares. StockNews.com cut shares of CNA Financial from a "buy" rating to a "hold" rating in a research note on Tuesday, February 11th. Keefe, Bruyette & Woods decreased their target price on shares of CNA Financial from $54.00 to $53.00 and set a "market perform" rating on the stock in a research note on Wednesday, February 12th.

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.