CNA Financial Co. (NYSE:CNA) Shares Sold by Edgestream Partners L.P.

Edgestream Partners L.P. lowered its stake in shares of CNA Financial Co. (NYSE:CNA - Free Report) by 27.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 112,985 shares of the insurance provider's stock after selling 42,008 shares during the period. Edgestream Partners L.P.'s holdings in CNA Financial were worth $5,465,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. True Wealth Design LLC purchased a new position in CNA Financial during the third quarter valued at approximately $36,000. Smartleaf Asset Management LLC increased its holdings in shares of CNA Financial by 29.2% during 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 in the last quarter. 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. GAMMA Investing LLC lifted its stake in shares of CNA Financial by 16.7% in 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 during the period. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in CNA Financial during the third quarter worth $146,000. Institutional investors and hedge funds own 98.45% of the company's stock.

CNA Financial Price Performance

NYSE CNA traded down $0.24 on Tuesday, hitting $47.88. The company had a trading volume of 422,121 shares, compared to its average volume of 282,058. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.28 and a quick ratio of 0.28. The company's fifty day moving average price is $48.55 and its 200-day moving average price is $49.06. The company has a market capitalization of $12.97 billion, a PE ratio of 13.60, a PEG ratio of 9.23 and a beta of 0.68. CNA Financial Co. has a 12-month low of $42.33 and a 12-month high of $52.36.

Remove Ads

CNA Financial (NYSE:CNA - Get Free Report) last released its quarterly earnings results on Monday, February 10th. The insurance provider reported $1.25 earnings per share for the quarter, topping 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%. As a group, analysts predict that CNA Financial Co. will post 4.64 earnings per share for the current year.

CNA Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Monday, February 24th will be given a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 3.84%. The ex-dividend date is Monday, February 24th. This is an increase from CNA Financial's previous quarterly dividend of $0.44. CNA Financial's dividend payout ratio (DPR) is 52.27%.

Wall Street Analysts Forecast Growth

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

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.