Quest Partners LLC Has $1.31 Million Position in CNA Financial Co. (NYSE:CNA)

Quest Partners LLC raised its holdings in CNA Financial Co. (NYSE:CNA - Free Report) by 69.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 26,737 shares of the insurance provider's stock after purchasing an additional 10,940 shares during the quarter. Quest Partners LLC's holdings in CNA Financial were worth $1,309,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of CNA. New York State Common Retirement Fund lifted its position in shares of CNA Financial by 366.7% during the third quarter. New York State Common Retirement Fund now owns 1,401,539 shares of the insurance provider's stock worth $68,591,000 after purchasing an additional 1,101,217 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of CNA Financial by 97.9% in the 2nd quarter. AQR Capital Management LLC now owns 1,152,528 shares of the insurance provider's stock valued at $51,760,000 after buying an additional 570,172 shares during the period. Rhumbline Advisers raised its position in shares of CNA Financial by 570.6% during the second quarter. Rhumbline Advisers now owns 529,862 shares of the insurance provider's stock worth $24,411,000 after acquiring an additional 450,843 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of CNA Financial by 45.5% during the second quarter. Bank of New York Mellon Corp now owns 1,068,956 shares of the insurance provider's stock valued at $49,247,000 after acquiring an additional 334,463 shares during the period. Finally, American Century Companies Inc. boosted its holdings in CNA Financial by 786.5% in the second quarter. American Century Companies Inc. now owns 153,669 shares of the insurance provider's stock valued at $7,080,000 after acquiring an additional 136,334 shares during the last quarter. Institutional investors and hedge funds own 98.45% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CNA. Keefe, Bruyette & Woods boosted their price objective on CNA Financial from $54.00 to $55.00 and gave the stock a "market perform" rating in a report on Friday, November 8th. StockNews.com upgraded shares of CNA Financial from a "hold" rating to a "buy" rating in a report on Wednesday, November 13th. Finally, Bank of America raised their price objective on shares of CNA Financial from $45.00 to $48.00 and gave the company an "underperform" rating in a research note on Thursday, October 10th.

CNA Financial Stock Up 0.5 %

Shares of NYSE:CNA traded up $0.25 during trading on Wednesday, hitting $48.85. 185,552 shares of the company's stock traded hands, compared to its average volume of 275,967. 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 has a 50-day moving average price of $48.94 and a 200-day moving average price of $47.66. CNA Financial Co. has a 52 week low of $40.75 and a 52 week high of $52.36. The company has a market cap of $13.23 billion, a price-to-earnings ratio of 10.12, a price-to-earnings-growth ratio of 6.31 and a beta of 0.65.

CNA Financial (NYSE:CNA - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.08 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.01. CNA Financial had a net margin of 9.26% and a return on equity of 13.30%. The company had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.15 billion. During the same period in the previous year, the business earned $1.06 EPS. As a group, research analysts forecast that CNA Financial Co. will post 4.65 EPS for the current fiscal year.

CNA Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Monday, November 18th will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 3.60%. The ex-dividend date is Monday, November 18th. CNA Financial's payout ratio is 36.67%.

Insider Buying and Selling

In other CNA Financial news, EVP Douglas Worman sold 22,973 shares of the firm's stock in a transaction on 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 sale, the executive vice president now owns 133,777 shares of the company's stock, valued at approximately $6,521,628.75. This trade represents a 14.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Mark Steven James sold 18,547 shares of CNA Financial stock in a transaction on Monday, September 16th. The shares were sold at an average price of $50.58, for a total value of $938,107.26. Following the completion of the transaction, the executive vice president now owns 22,917 shares in the company, valued at approximately $1,159,141.86. The trade was a 44.73 % decrease in their position. The disclosure for this sale can be found here. 0.31% of the stock is owned by insiders.

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.