UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Reduces Position in CNA Financial Co. (NYSE:CNA)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its stake in CNA Financial Co. (NYSE:CNA - Free Report) by 63.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,407 shares of the insurance provider's stock after selling 25,235 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC's holdings in CNA Financial were worth $705,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Raymond James Trust N.A. increased its stake in 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 valued at $319,000 after purchasing an additional 260 shares in the last quarter. Abich Financial Wealth Management LLC increased its position in shares of CNA Financial by 17.3% during the second quarter. Abich Financial Wealth Management LLC now owns 2,059 shares of the insurance provider's stock valued at $95,000 after acquiring an additional 303 shares in the last quarter. Signaturefd LLC raised its holdings in CNA Financial by 10.4% in the 2nd quarter. Signaturefd LLC now owns 3,897 shares of the insurance provider's stock worth $180,000 after acquiring an additional 366 shares during the last quarter. AE Wealth Management LLC lifted its position in CNA Financial by 1.1% in the 2nd quarter. AE Wealth Management LLC now owns 39,256 shares of the insurance provider's stock valued at $1,809,000 after acquiring an additional 431 shares in the last quarter. Finally, Wakefield Asset Management LLLP boosted its stake in CNA Financial by 4.5% during the 2nd quarter. Wakefield Asset Management LLLP now owns 10,205 shares of the insurance provider's stock valued at $470,000 after purchasing an additional 440 shares during the last quarter. Hedge funds and other institutional investors own 98.45% of the company's stock.

CNA Financial Stock Performance

CNA traded up $0.55 during mid-day trading on Friday, reaching $48.21. 312,013 shares of the company traded hands, compared to its average volume of 275,974. The company's fifty day moving average price is $49.06 and its 200-day moving average price is $48.31. The stock has a market capitalization of $13.06 billion, a P/E ratio of 10.04, a P/E/G ratio of 6.20 and a beta of 0.66. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.28. CNA Financial Co. has a 52-week low of $41.42 and a 52-week high of $52.36.

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

CNA Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Monday, November 18th were given a $0.44 dividend. The ex-dividend date was Monday, November 18th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.65%. CNA Financial's payout ratio is currently 36.67%.

Insider Transactions at CNA Financial

In related news, EVP Douglas Worman sold 22,973 shares of the stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $48.75, for a total transaction of $1,119,933.75. Following the completion of the sale, the executive vice president now owns 133,777 shares in the company, valued at approximately $6,521,628.75. This trade represents a 14.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.30% of the company's stock.

Analyst Ratings Changes

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

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.