CNA Financial Co. (NYSE:CNA) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC lifted its stake in shares of CNA Financial Co. (NYSE:CNA - Free Report) by 8.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 322,473 shares of the insurance provider's stock after purchasing an additional 24,449 shares during the period. Geode Capital Management LLC owned about 0.12% of CNA Financial worth $15,604,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Bank of New York Mellon Corp grew its stake in shares of CNA Financial by 66.0% in the 4th quarter. Bank of New York Mellon Corp now owns 1,177,110 shares of the insurance provider's stock valued at $56,937,000 after buying an additional 468,058 shares during the period. Norges Bank purchased a new stake in CNA Financial during the fourth quarter worth about $14,859,000. Raymond James Financial Inc. purchased a new stake in CNA Financial during the 4th quarter worth approximately $13,129,000. Arrowstreet Capital Limited Partnership raised its stake in shares of CNA Financial by 36.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 363,389 shares of the insurance provider's stock valued at $17,577,000 after acquiring an additional 97,180 shares in the last quarter. Finally, Ieq Capital LLC raised its holdings in CNA Financial by 276.3% in the fourth quarter. Ieq Capital LLC now owns 82,893 shares of the insurance provider's stock valued at $4,010,000 after acquiring an additional 60,867 shares in the last quarter. Institutional investors and hedge funds own 98.45% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Keefe, Bruyette & Woods lowered their target price on shares of CNA Financial from $54.00 to $53.00 and set a "market perform" rating for the company 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 note on Tuesday, February 11th.

Insider Buying and Selling at CNA Financial

In other CNA Financial news, Chairman Dino Robusto purchased 3,896 shares of CNA Financial stock in a transaction dated Thursday, March 13th. The stock was acquired at an average cost of $47.63 per share, with a total value of $185,566.48. Following the acquisition, the chairman now directly owns 724,338 shares of the company's stock, valued at $34,500,218.94. This represents a 0.54 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Daniel Paul Franzetti sold 12,991 shares of the company's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $49.06, for a total value of $637,338.46. Following the transaction, the chief accounting officer now directly owns 75,612 shares in the company, valued at $3,709,524.72. This represents a 14.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,491 shares of company stock valued at $1,261,838 in the last ninety days. Insiders own 0.30% of the company's stock.

CNA Financial Stock Performance

Shares of CNA stock traded up $0.15 during trading hours on Wednesday, hitting $48.24. The stock had a trading volume of 229,328 shares, compared to its average volume of 321,763. 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 firm has a market capitalization of $13.03 billion, a PE ratio of 13.70, a PEG ratio of 9.23 and a beta of 0.47. The stock's 50 day moving average is $48.62 and its 200 day moving average is $48.70. CNA Financial Co. has a twelve month low of $42.33 and a twelve month high of $52.36.

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 net margin of 6.72% and a return on equity of 12.90%. As a group, research analysts forecast that CNA Financial Co. will post 4.64 earnings per share for the current fiscal year.

CNA Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Monday, February 24th were given a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 3.81%. The ex-dividend date was Monday, February 24th. This is a boost from CNA Financial's previous quarterly dividend of $0.44. CNA Financial's payout ratio is 52.27%.

CNA Financial 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.