Entropy Technologies LP Lowers Position in CNA Financial Co. (NYSE:CNA)

Entropy Technologies LP lowered its position in CNA Financial Co. (NYSE:CNA - Free Report) by 64.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,183 shares of the insurance provider's stock after selling 10,982 shares during the quarter. Entropy Technologies LP's holdings in CNA Financial were worth $299,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CNA. CWM LLC lifted its position in shares of CNA Financial by 113.4% in the 3rd quarter. CWM LLC now owns 9,654 shares of the insurance provider's stock worth $472,000 after purchasing an additional 5,131 shares during the period. Creative Planning lifted its holdings in CNA Financial by 16.5% during the third quarter. Creative Planning now owns 16,067 shares of the insurance provider's stock worth $786,000 after buying an additional 2,272 shares during the period. Blue Trust Inc. boosted its position in CNA Financial by 74.8% during the 3rd quarter. Blue Trust Inc. now owns 3,635 shares of the insurance provider's stock valued at $167,000 after acquiring an additional 1,555 shares in the last quarter. Cyndeo Wealth Partners LLC purchased a new position in shares of CNA Financial in the 3rd quarter valued at $6,093,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of CNA Financial by 2,130.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 8,834 shares of the insurance provider's stock worth $432,000 after purchasing an additional 8,438 shares during the last quarter. Institutional investors own 98.45% of the company's stock.

CNA Financial Stock Down 1.4 %

CNA stock traded down $0.71 on Monday, hitting $48.65. 351,160 shares of the company's stock were exchanged, compared to its average volume of 209,462. The firm has a 50 day moving average price of $48.44 and a two-hundred day moving average price of $49.08. CNA Financial Co. has a 12-month low of $42.33 and a 12-month high of $52.36. The stock has a market cap of $13.18 billion, a P/E ratio of 10.14 and a beta of 0.66. 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 (NYSE:CNA - Get Free Report) last issued its quarterly earnings results on Monday, February 10th. The insurance provider reported $1.25 earnings per share for the quarter, topping analysts' consensus estimates of $1.11 by $0.14. CNA Financial had a return on equity of 13.30% and a net margin of 9.26%. As a group, equities research analysts expect that CNA Financial Co. will post 4.68 EPS for the current fiscal year.

CNA Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Monday, February 24th will be issued a dividend of $0.46 per share. The ex-dividend date of this dividend is Monday, February 24th. This is a positive change from CNA Financial's previous quarterly dividend of $0.44. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.78%. CNA Financial's payout ratio is 52.27%.

Wall Street Analysts Forecast Growth

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

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.