HB Wealth Management LLC purchased a new stake in shares of CNA Financial Co. (NYSE:CNA - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 5,316 shares of the insurance provider's stock, valued at approximately $257,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of CNA. True Wealth Design LLC acquired a new position in CNA Financial during the third quarter worth about $36,000. GAMMA Investing LLC grew 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 worth $99,000 after purchasing an additional 293 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of CNA Financial in the 3rd quarter worth approximately $146,000. Blue Trust Inc. lifted its stake in CNA Financial by 74.8% during the third quarter. Blue Trust Inc. now owns 3,635 shares of the insurance provider's stock valued at $167,000 after purchasing an additional 1,555 shares during the last quarter. Finally, US Bancorp DE boosted its holdings in CNA Financial by 26.6% during the third quarter. US Bancorp DE now owns 3,449 shares of the insurance provider's stock worth $169,000 after buying an additional 725 shares in the last quarter. Institutional investors own 98.45% of the company's stock.
Insiders Place Their Bets
In other CNA Financial news, EVP Douglas Worman sold 22,973 shares of the company's stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $48.75, for a total value of $1,119,933.75. Following the transaction, the executive vice president now directly owns 133,777 shares of the company's stock, valued at $6,521,628.75. This represents a 14.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.30% of the company's stock.
Analyst Ratings Changes
CNA has been the topic of several research reports. Keefe, Bruyette & Woods dropped their price target on CNA Financial from $55.00 to $54.00 and set a "market perform" rating on the stock in a report on Friday, January 10th. Bank of America upped their target price on CNA Financial from $45.00 to $48.00 and gave the company an "underperform" rating in a report on Thursday, October 10th. Finally, StockNews.com upgraded CNA Financial from a "hold" rating to a "buy" rating in a report on Wednesday, November 13th.
Read Our Latest Stock Analysis on CNA
CNA Financial Stock Up 1.2 %
Shares of CNA traded up $0.56 during mid-day trading on Friday, reaching $48.70. The company's stock had a trading volume of 236,040 shares, compared to its average volume of 181,778. The company has a market cap of $13.19 billion, a price-to-earnings ratio of 10.15, a price-to-earnings-growth ratio of 6.02 and a beta of 0.67. The business has a fifty day moving average of $48.60 and a 200 day moving average of $48.94. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.28. CNA Financial Co. has a 1 year low of $42.33 and a 1 year high of $52.36.
CNA Financial (NYSE:CNA - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.08 EPS for the quarter, topping analysts' consensus estimates of $1.07 by $0.01. The firm had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.15 billion. CNA Financial had a return on equity of 13.30% and a net margin of 9.26%. During the same period last year, the company posted $1.06 EPS. As a group, analysts forecast that CNA Financial Co. will post 4.68 earnings per share for the current fiscal year.
CNA Financial Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Monday, November 18th were paid a $0.44 dividend. The ex-dividend date was Monday, November 18th. This represents a $1.76 annualized dividend and a yield of 3.61%. CNA Financial's dividend payout ratio is presently 36.67%.
CNA Financial Company 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.
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