HighTower Advisors LLC Grows Stock Holdings in CNA Financial Co. (NYSE:CNA)

HighTower Advisors LLC lifted its position in CNA Financial Co. (NYSE:CNA - Free Report) by 38.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,707 shares of the insurance provider's stock after purchasing an additional 8,535 shares during the period. HighTower Advisors LLC's holdings in CNA Financial were worth $1,485,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. True Wealth Design LLC acquired a new stake in CNA Financial in the third quarter valued at approximately $36,000. Smartleaf Asset Management LLC grew its stake in CNA Financial by 29.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,265 shares of the insurance provider's stock valued at $61,000 after acquiring an additional 286 shares during the period. Quent Capital LLC increased its holdings in CNA Financial by 28.3% in the 4th quarter. Quent Capital LLC now owns 1,475 shares of the insurance provider's stock worth $71,000 after acquiring an additional 325 shares in the last quarter. GAMMA Investing LLC raised its position in CNA Financial by 16.7% during the fourth quarter. GAMMA Investing LLC now owns 2,051 shares of the insurance provider's stock worth $99,000 after acquiring an additional 293 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in CNA Financial during the third quarter valued at $146,000. 98.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CNA. StockNews.com lowered shares of CNA Financial from a "buy" rating to a "hold" rating in a research note on Tuesday, February 11th. Keefe, Bruyette & Woods lowered their price target on CNA Financial from $54.00 to $53.00 and set a "market perform" rating on the stock in a research note on Wednesday, February 12th.

Remove Ads

Insider Transactions at CNA Financial

In other CNA Financial news, CAO Daniel Paul Franzetti sold 12,991 shares of the firm's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $49.06, for a total transaction of $637,338.46. Following the completion of the sale, the chief accounting officer now owns 75,612 shares of the company's stock, valued at $3,709,524.72. This trade represents a 14.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Dino Robusto sold 6,250 shares of the company's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $48.86, for a total value of $305,375.00. Following the completion of the transaction, the chairman now directly owns 720,442 shares in the company, valued at approximately $35,200,796.12. This trade represents a 0.86 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.30% of the company's stock.

CNA Financial Price Performance

Shares of NYSE:CNA traded down $0.78 during midday trading on Friday, hitting $50.22. The company's stock had a trading volume of 403,208 shares, compared to its average volume of 303,566. The company has a market cap of $13.57 billion, a P/E ratio of 14.27, a price-to-earnings-growth 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. The business's 50 day simple moving average is $48.97 and its 200 day simple moving average is $48.88. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.28 and a current ratio of 0.28.

CNA Financial (NYSE:CNA - Get Free Report) last released its 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%. On average, analysts forecast that CNA Financial Co. will post 4.64 EPS for the current year.

CNA Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Monday, February 24th were issued a $0.46 dividend. This is a boost from CNA Financial's previous quarterly dividend of $0.44. This represents a $1.84 annualized dividend and a yield of 3.66%. The ex-dividend date of this dividend was Monday, February 24th. CNA Financial's dividend payout ratio is presently 52.27%.

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.