CNA Financial Co. (NYSE:CNA) Stock Holdings Lessened by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. reduced its position in CNA Financial Co. (NYSE:CNA - Free Report) by 23.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 112,640 shares of the insurance provider's stock after selling 34,659 shares during the period. Connor Clark & Lunn Investment Management Ltd.'s holdings in CNA Financial were worth $5,513,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CNA. Quest Partners LLC lifted its stake 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 acquiring an additional 10,940 shares in the last quarter. GSA Capital Partners LLP increased its holdings in shares of CNA Financial by 131.8% in the 3rd quarter. GSA Capital Partners LLP now owns 35,470 shares of the insurance provider's stock valued at $1,736,000 after acquiring an additional 20,169 shares during the last quarter. Entropy Technologies LP acquired a new stake in shares of CNA Financial during the 3rd quarter valued at approximately $840,000. River Road Asset Management LLC raised its holdings in shares of CNA Financial by 0.6% during the third quarter. River Road Asset Management LLC now owns 1,012,492 shares of the insurance provider's stock worth $49,551,000 after purchasing an additional 5,539 shares during the period. Finally, New York State Common Retirement Fund lifted its holdings in CNA Financial by 366.7% in the third quarter. New York State Common Retirement Fund now owns 1,401,539 shares of the insurance provider's stock worth $68,591,000 after acquiring an additional 1,101,217 shares during the last quarter. 98.45% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at CNA Financial

In other news, EVP Douglas Worman sold 22,973 shares of the company's stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $48.75, for a total value 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 $6,521,628.75. This represents a 14.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Mark Steven James sold 18,547 shares of CNA Financial stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $50.58, for a total value of $938,107.26. Following the transaction, the executive vice president now directly owns 22,917 shares in the company, valued at approximately $1,159,141.86. The trade was a 44.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.30% of the stock is owned by corporate insiders.

CNA Financial Stock Performance

Shares of NYSE CNA traded up $0.37 during midday trading on Friday, hitting $49.60. 189,723 shares of the company's stock were exchanged, compared to its average volume of 257,586. CNA Financial Co. has a twelve month low of $40.92 and a twelve month high of $52.36. The firm has a market cap of $13.43 billion, a P/E ratio of 10.33, a PEG ratio of 6.34 and a beta of 0.65. The stock's 50 day moving average price is $48.91 and its 200-day moving average price is $47.74. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.26 and a quick ratio of 0.26.

CNA Financial (NYSE:CNA - Get Free Report) last announced its quarterly earnings results 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. The company had revenue of $3.62 billion during the quarter, compared to analyst estimates 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 previous year, the firm posted $1.06 EPS. Equities research analysts anticipate that CNA Financial Co. will post 4.65 EPS for the current year.

CNA Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Monday, November 18th will be paid a dividend of $0.44 per share. The ex-dividend date is Monday, November 18th. This represents a $1.76 annualized dividend and a yield of 3.55%. CNA Financial's payout ratio is 36.67%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Keefe, Bruyette & Woods boosted their price objective on CNA Financial from $54.00 to $55.00 and gave the company a "market perform" rating in a research report on Friday, November 8th. StockNews.com raised shares of CNA Financial from a "hold" rating to a "buy" rating in a report on Wednesday, November 13th. Finally, Bank of America increased their price objective 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.

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.