Sei Investments Co. Decreases Position in CNA Financial Co. (NYSE:CNA)

Sei Investments Co. decreased its holdings in shares of CNA Financial Co. (NYSE:CNA - Free Report) by 32.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 17,284 shares of the insurance provider's stock after selling 8,237 shares during the quarter. Sei Investments Co.'s holdings in CNA Financial were worth $836,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of CNA. EverSource Wealth Advisors LLC boosted its holdings in CNA Financial by 663.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 771 shares of the insurance provider's stock valued at $37,000 after acquiring an additional 670 shares during the period. Smartleaf Asset Management LLC boosted its stake in shares of CNA Financial by 29.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,265 shares of the insurance provider's stock valued at $61,000 after purchasing an additional 286 shares during the period. Quent Capital LLC grew its holdings in shares of CNA Financial by 28.3% in the fourth quarter. Quent Capital LLC now owns 1,475 shares of the insurance provider's stock worth $71,000 after purchasing an additional 325 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of CNA Financial in the fourth quarter worth about $74,000. Finally, GAMMA Investing LLC increased its stake in CNA Financial by 16.7% in the 4th quarter. GAMMA Investing LLC now owns 2,051 shares of the insurance provider's stock worth $99,000 after buying an additional 293 shares during the period. Institutional investors own 98.45% of the company's stock.

CNA Financial Stock Down 0.5 %

Shares of CNA Financial stock traded down $0.23 during trading on Friday, hitting $47.50. 371,274 shares of the stock traded hands, compared to its average volume of 319,923. CNA Financial Co. has a 52-week low of $42.33 and a 52-week high of $52.36. The stock's fifty day simple moving average is $48.79 and its 200 day simple moving average is $48.74. The firm has a market cap of $12.83 billion, a P/E ratio of 13.49, a price-to-earnings-growth ratio of 9.23 and a beta of 0.47. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.28.

Remove Ads

CNA Financial (NYSE:CNA - Get Free Report) last posted its earnings results on Monday, February 10th. The insurance provider reported $1.25 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%. On average, equities analysts predict that CNA Financial Co. will post 4.64 earnings per share for the current fiscal year.

CNA Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Monday, February 24th were paid a $0.46 dividend. This is an increase from CNA Financial's previous quarterly dividend of $0.44. The ex-dividend date was Monday, February 24th. This represents a $1.84 dividend on an annualized basis and a yield of 3.87%. CNA Financial's payout ratio is 52.27%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Keefe, Bruyette & Woods lowered 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 research report on Wednesday, February 12th. StockNews.com lowered CNA Financial from a "buy" rating to a "hold" rating in a report on Tuesday, February 11th.

Insiders Place Their Bets

In other news, Chairman Dino Robusto sold 6,250 shares of the business's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $51.06, for a total value of $319,125.00. Following the completion of the transaction, the chairman now directly owns 718,088 shares of the company's stock, valued at approximately $36,665,573.28. The trade was a 0.86 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Daniel Paul Franzetti sold 12,991 shares of the firm's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $49.06, for a total value of $637,338.46. Following the sale, the chief accounting officer now directly owns 75,612 shares in the company, valued at approximately $3,709,524.72. The trade was a 14.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,491 shares of company stock worth $1,261,838 over the last 90 days. Company insiders own 0.30% of the company's stock.

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.