Silver Oak Securities Incorporated Acquires Shares of 5,820 CNA Financial Co. (NYSE:CNA)

Silver Oak Securities Incorporated acquired a new stake in shares of CNA Financial Co. (NYSE:CNA - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 5,820 shares of the insurance provider's stock, valued at approximately $281,000.

Other hedge funds have also recently made changes to their positions in the company. New York State Common Retirement Fund increased its holdings in 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 valued at $68,591,000 after buying an additional 1,101,217 shares during the last quarter. River Road Asset Management LLC increased its holdings in CNA Financial by 0.6% during the third quarter. River Road Asset Management LLC now owns 1,012,492 shares of the insurance provider's stock valued at $49,551,000 after buying an additional 5,539 shares during the last quarter. Jane Street Group LLC increased its holdings in CNA Financial by 158.0% during the third quarter. Jane Street Group LLC now owns 288,443 shares of the insurance provider's stock valued at $14,116,000 after buying an additional 176,649 shares during the last quarter. Edgestream Partners L.P. purchased a new stake in CNA Financial during the third quarter valued at approximately $7,585,000. Finally, Cyndeo Wealth Partners LLC increased its stake in shares of CNA Financial by 6.2% in the fourth quarter. Cyndeo Wealth Partners LLC now owns 132,259 shares of the insurance provider's stock worth $6,397,000 after purchasing an additional 7,767 shares in the last quarter. 98.45% of the stock is owned by hedge funds and other institutional investors.

CNA Financial Price Performance

Shares of NYSE:CNA traded up $0.81 during midday trading on Thursday, reaching $49.42. 353,016 shares of the company were exchanged, compared to its average volume of 261,573. 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 business's fifty day moving average is $48.48 and its two-hundred day moving average is $49.09. CNA Financial Co. has a one year low of $42.33 and a one year high of $52.36. The stock has a market cap of $13.38 billion, a PE ratio of 10.30 and a beta of 0.66.

CNA Financial (NYSE:CNA - Get Free Report) last issued its earnings results on Monday, February 10th. The insurance provider reported $1.25 earnings per share for the quarter, topping analysts' consensus estimates of $1.11 by $0.14. CNA Financial had a net margin of 9.26% and a return on equity of 13.30%. As a group, analysts predict that CNA Financial Co. will post 4.68 earnings per share for the current year.

CNA Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Monday, February 24th will be given a dividend of $0.46 per share. This is a positive change from CNA Financial's previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Monday, February 24th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.72%. CNA Financial's dividend payout ratio is currently 52.27%.

Analysts Set New Price Targets

CNA has been the subject of a number of analyst reports. StockNews.com cut shares of CNA Financial from a "buy" rating to a "hold" rating in a research note on Tuesday. Keefe, Bruyette & Woods reduced 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 note on Wednesday.

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.