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CNA Financial Co. (NYSE:CNA) Shares Acquired by Cyndeo Wealth Partners LLC

CNA Financial logo with Finance background

Cyndeo Wealth Partners LLC lifted its holdings in CNA Financial Co. (NYSE:CNA - Free Report) by 6.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 132,259 shares of the insurance provider's stock after buying an additional 7,767 shares during the period. Cyndeo Wealth Partners LLC's holdings in CNA Financial were worth $6,397,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the company. New York State Common Retirement Fund grew its holdings in CNA Financial by 366.7% during the 3rd quarter. New York State Common Retirement Fund now owns 1,401,539 shares of the insurance provider's stock valued at $68,591,000 after purchasing an additional 1,101,217 shares during the last quarter. AQR Capital Management LLC grew its holdings in CNA Financial by 97.9% during the 2nd quarter. AQR Capital Management LLC now owns 1,152,528 shares of the insurance provider's stock valued at $51,760,000 after purchasing an additional 570,172 shares during the last quarter. River Road Asset Management LLC grew its holdings in CNA Financial by 0.6% during the 3rd quarter. River Road Asset Management LLC now owns 1,012,492 shares of the insurance provider's stock valued at $49,551,000 after purchasing an additional 5,539 shares during the last quarter. Jane Street Group LLC grew its holdings in CNA Financial by 158.0% during the 3rd quarter. Jane Street Group LLC now owns 288,443 shares of the insurance provider's stock valued at $14,116,000 after purchasing an additional 176,649 shares during the last quarter. Finally, Edgestream Partners L.P. bought a new position in CNA Financial during the 3rd quarter valued at about $7,585,000. 98.45% of the stock is currently owned by institutional investors.

Insider Transactions at CNA Financial

In other news, EVP Douglas Worman sold 22,973 shares of the company's stock in a transaction that occurred on Thursday, November 7th. The shares were 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 of the company's stock, valued at approximately $6,521,628.75. This represents a 14.66 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.30% of the company's stock.

CNA Financial Trading Up 1.2 %

CNA Financial stock traded up $0.56 during trading hours on Friday, hitting $48.70. The company had a trading volume of 236,040 shares, compared to its average volume of 181,778. The firm has a market cap of $13.19 billion, a P/E ratio of 10.15, a P/E/G ratio of 6.02 and a beta of 0.67. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.26 and a current ratio of 0.26. CNA Financial Co. has a 1 year low of $42.33 and a 1 year high of $52.36. The company has a 50-day moving average price of $48.60 and a two-hundred day moving average price of $48.94.

CNA Financial (NYSE:CNA - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $3.15 billion. During the same period in the previous year, the company earned $1.06 EPS. On average, sell-side analysts anticipate that CNA Financial Co. will post 4.68 earnings per share for the current year.

CNA Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Stockholders 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 annualized dividend and a dividend yield of 3.61%. CNA Financial's payout ratio is presently 36.67%.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. StockNews.com upgraded shares of CNA Financial from a "hold" rating to a "buy" rating in a report on Wednesday, November 13th. Bank of America boosted their price objective on shares of CNA Financial from $45.00 to $48.00 and gave the company an "underperform" rating in a research report on Thursday, October 10th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of CNA Financial from $55.00 to $54.00 and set a "market perform" rating for the company in a research report on Friday, January 10th.

View Our Latest Analysis on CNA Financial

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.

Further Reading

Institutional Ownership by Quarter for CNA Financial (NYSE:CNA)

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