CNA Financial Co. (NYSE:CNA) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC reduced its stake in CNA Financial Co. (NYSE:CNA - Free Report) by 18.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,220 shares of the insurance provider's stock after selling 5,400 shares during the quarter. Nisa Investment Advisors LLC's holdings in CNA Financial were worth $1,172,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in CNA. HighTower Advisors LLC boosted its position in shares of CNA Financial by 107.1% during the 3rd quarter. HighTower Advisors LLC now owns 22,172 shares of the insurance provider's stock valued at $1,066,000 after acquiring an additional 11,468 shares during the last quarter. Creative Planning raised its stake 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 purchasing an additional 2,272 shares during the period. Quest Partners LLC boosted its holdings in CNA Financial by 69.3% in the 3rd quarter. Quest Partners LLC now owns 26,737 shares of the insurance provider's stock valued at $1,309,000 after purchasing an additional 10,940 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of CNA Financial by 43.9% in the 3rd quarter. Wellington Management Group LLP now owns 41,051 shares of the insurance provider's stock valued at $2,009,000 after buying an additional 12,528 shares during the period. Finally, Barclays PLC increased its holdings in shares of CNA Financial by 108.7% during the 3rd quarter. Barclays PLC now owns 31,444 shares of the insurance provider's stock worth $1,539,000 after buying an additional 16,377 shares during the last quarter. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

CNA Financial Trading Down 1.3 %

CNA Financial stock traded down $0.67 during trading on Tuesday, hitting $49.47. The company had a trading volume of 149,374 shares, compared to its average volume of 214,151. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.28. The company's 50 day simple moving average is $48.62 and its 200-day simple moving average is $48.98. CNA Financial Co. has a 1-year low of $42.33 and a 1-year high of $52.36. The stock has a market cap of $13.40 billion, a price-to-earnings ratio of 10.31, a price-to-earnings-growth ratio of 6.02 and a beta of 0.67.

CNA Financial (NYSE:CNA - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.01. The firm had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.15 billion. CNA Financial had a return on equity of 13.30% and a net margin of 9.26%. During the same quarter in the previous year, the business earned $1.06 EPS. As a group, analysts expect that CNA Financial Co. will post 4.68 EPS for the current fiscal year.

CNA Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Monday, November 18th were paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 3.56%. The ex-dividend date was Monday, November 18th. CNA Financial's payout ratio is currently 36.67%.

Analysts Set New Price Targets

CNA has been the subject of several analyst reports. Keefe, Bruyette & Woods lowered their price objective on CNA Financial from $55.00 to $54.00 and set a "market perform" rating for the company in a research report on Friday, January 10th. StockNews.com upgraded CNA Financial from a "hold" rating to a "buy" rating in a report on Wednesday, November 13th. Finally, Bank of America boosted their price objective on shares of CNA Financial from $45.00 to $48.00 and gave the company an "underperform" rating in a report on Thursday, October 10th.

Insider Activity

In other CNA Financial news, EVP Douglas Worman sold 22,973 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $48.75, for a total value of $1,119,933.75. Following the sale, the executive vice president now directly owns 133,777 shares of the company's stock, valued at approximately $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 link. Insiders own 0.30% of the company's stock.

About CNA Financial

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.