New York State Common Retirement Fund Lowers Stock Position in CNA Financial Co. (NYSE:CNA)

New York State Common Retirement Fund lessened its stake in shares of CNA Financial Co. (NYSE:CNA - Free Report) by 80.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 267,096 shares of the insurance provider's stock after selling 1,134,443 shares during the period. New York State Common Retirement Fund owned 0.10% of CNA Financial worth $12,919,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of CNA. Savant Capital LLC increased its stake in CNA Financial by 2.6% during the 4th quarter. Savant Capital LLC now owns 9,139 shares of the insurance provider's stock worth $442,000 after buying an additional 230 shares in the last quarter. Raymond James Trust N.A. increased its position in shares of CNA Financial by 4.1% during the third quarter. Raymond James Trust N.A. now owns 6,526 shares of the insurance provider's stock worth $319,000 after purchasing an additional 260 shares in the last quarter. GAMMA Investing LLC increased its position in shares of 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 purchasing an additional 293 shares in the last quarter. Quent Capital LLC raised its stake in 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 last quarter. Finally, Pallas Capital Advisors LLC lifted its holdings in CNA Financial by 4.4% in the 4th quarter. Pallas Capital Advisors LLC now owns 7,767 shares of the insurance provider's stock valued at $376,000 after purchasing an additional 327 shares in the last quarter. Institutional investors and hedge funds own 98.45% of the company's stock.

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Analyst Upgrades and Downgrades

CNA has been the subject of a number of recent research reports. StockNews.com cut shares of CNA Financial from a "buy" rating to a "hold" rating in a research report 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 for the company in a report on Wednesday, February 12th.

CNA Financial Trading Up 1.4 %

NYSE:CNA traded up $0.69 during trading hours on Thursday, hitting $48.66. The company had a trading volume of 542,704 shares, compared to its average volume of 319,421. CNA Financial Co. has a 1 year low of $42.33 and a 1 year high of $52.36. The company has a market cap of $13.18 billion, a P/E ratio of 13.82, a P/E/G ratio of 9.23 and a beta of 0.66. The company has a 50-day moving average of $48.52 and a 200 day moving average of $49.09. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.28.

CNA Financial (NYSE:CNA - Get Free Report) last announced its quarterly earnings data on Monday, February 10th. The insurance provider reported $1.25 earnings per share (EPS) for the quarter, beating 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%. Sell-side analysts expect that CNA Financial Co. will post 4.64 earnings per share for the current year.

CNA Financial Increases Dividend

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