Proficio Capital Partners LLC Takes $819,000 Position in CNA Financial Co. (NYSE:CNA)

Proficio Capital Partners LLC bought a new position in shares of CNA Financial Co. (NYSE:CNA - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 16,930 shares of the insurance provider's stock, valued at approximately $819,000.

Other hedge funds also recently made changes to their positions in the company. Bank of New York Mellon Corp grew its position in CNA Financial by 66.0% during the fourth quarter. Bank of New York Mellon Corp now owns 1,177,110 shares of the insurance provider's stock worth $56,937,000 after buying an additional 468,058 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of CNA Financial by 158.0% during the 3rd quarter. Jane Street Group LLC now owns 288,443 shares of the insurance provider's stock worth $14,116,000 after purchasing an additional 176,649 shares in the last quarter. Edgestream Partners L.P. bought a new position in shares of CNA Financial in the third quarter worth $7,585,000. Cyndeo Wealth Partners LLC raised its stake in CNA Financial by 6.2% in the fourth quarter. Cyndeo Wealth Partners LLC now owns 132,259 shares of the insurance provider's stock valued at $6,397,000 after purchasing an additional 7,767 shares in the last quarter. Finally, Ieq Capital LLC lifted its position in CNA Financial by 276.3% during the fourth quarter. Ieq Capital LLC now owns 82,893 shares of the insurance provider's stock worth $4,010,000 after purchasing an additional 60,867 shares during the period. 98.45% of the stock is owned by institutional investors.

CNA Financial Price Performance

NYSE CNA traded down $0.13 during trading on Wednesday, hitting $47.72. 199,810 shares of the company's stock were exchanged, compared to its average volume of 332,065. The company has a market cap of $12.93 billion, a PE ratio of 13.56, a P/E/G ratio of 9.23 and a beta of 0.68. 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 Co. has a fifty-two week low of $42.33 and a fifty-two week high of $52.36. The stock's 50 day moving average price is $48.54 and its two-hundred day moving average price is $49.04.

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CNA Financial (NYSE:CNA - Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The insurance provider reported $1.25 EPS for the quarter, beating the consensus estimate of $1.11 by $0.14. CNA Financial had a net margin of 6.72% and a return on equity of 12.90%. Research analysts expect that CNA Financial Co. will post 4.64 EPS 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 paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.86%. This is a positive change from CNA Financial's previous quarterly dividend of $0.44. The ex-dividend date is Monday, February 24th. CNA Financial's dividend payout ratio (DPR) is presently 52.27%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Keefe, Bruyette & Woods dropped 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 report on Wednesday, February 12th. StockNews.com downgraded shares of CNA Financial from a "buy" rating to a "hold" rating in a research report on Tuesday, February 11th.

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.