Connor Clark & Lunn Investment Management Ltd. Has $6.61 Million Holdings in CNA Financial Co. (NYSE:CNA)

Connor Clark & Lunn Investment Management Ltd. raised its position in CNA Financial Co. (NYSE:CNA - Free Report) by 21.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 136,647 shares of the insurance provider's stock after purchasing an additional 24,007 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.05% of CNA Financial worth $6,610,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of CNA. True Wealth Design LLC acquired a new position in CNA Financial in the third quarter valued at $36,000. EverSource Wealth Advisors LLC raised its position in shares of CNA Financial by 663.4% in 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 in the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of CNA Financial by 29.2% in 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 lifted its stake in shares of CNA Financial by 28.3% in the 4th quarter. Quent Capital LLC now owns 1,475 shares of the insurance provider's stock valued at $71,000 after purchasing an additional 325 shares during the period. Finally, GAMMA Investing LLC boosted its position 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 valued at $99,000 after purchasing an additional 293 shares in the last quarter. 98.45% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on CNA shares. Keefe, Bruyette & Woods dropped their price target on 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. StockNews.com downgraded shares of CNA Financial from a "buy" rating to a "hold" rating in a research report on Tuesday, February 11th.

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CNA Financial Stock Up 2.0 %

CNA stock opened at $49.05 on Friday. The stock's 50 day simple moving average is $48.56 and its 200 day simple moving average is $48.99. The company has a market cap of $13.29 billion, a P/E ratio of 13.93, 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 fifty-two week low of $42.33 and a fifty-two week high of $52.36.

CNA Financial (NYSE:CNA - Get Free Report) last issued its earnings results on Monday, February 10th. The insurance provider reported $1.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.11 by $0.14. CNA Financial had a return on equity of 12.90% and a net margin of 6.72%. On average, 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. Stockholders of record on Monday, February 24th were given a dividend of $0.46 per share. The ex-dividend date was Monday, February 24th. This is an increase from CNA Financial's previous quarterly dividend of $0.44. This represents a $1.84 annualized dividend and a dividend yield of 3.75%. CNA Financial's payout ratio is presently 52.27%.

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.

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