CNA Financial Co. (NYSE:CNA) Shares Sold by State Street Corp

State Street Corp lowered its stake in shares of CNA Financial Co. (NYSE:CNA - Free Report) by 6.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 458,756 shares of the insurance provider's stock after selling 32,908 shares during the quarter. State Street Corp owned 0.17% of CNA Financial worth $22,452,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. True Wealth Design LLC acquired a new position in shares of CNA Financial during the third quarter worth $36,000. Fairscale Capital LLC acquired a new position in CNA Financial during the second quarter worth $55,000. Whittier Trust Co. acquired a new stake in CNA Financial in the 2nd quarter worth about $92,000. Abich Financial Wealth Management LLC increased its position in shares of CNA Financial by 17.3% during the second quarter. Abich Financial Wealth Management LLC now owns 2,059 shares of the insurance provider's stock worth $95,000 after purchasing an additional 303 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of CNA Financial in the third quarter valued at about $146,000. Hedge funds and other institutional investors own 98.45% of the company's stock.

CNA Financial Stock Performance

NYSE:CNA traded up $0.03 during trading hours on Monday, reaching $48.24. 184,546 shares of the company's stock were exchanged, compared to its average volume of 275,764. CNA Financial Co. has a 1-year low of $41.64 and a 1-year high of $52.36. The company has a 50-day moving average of $49.04 and a 200 day moving average of $48.38. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $13.07 billion, a price-to-earnings ratio of 10.05, a P/E/G ratio of 6.20 and a beta of 0.66.

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

CNA Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Monday, November 18th were paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date was Monday, November 18th. CNA Financial's dividend payout ratio is presently 36.67%.

Insider Activity at CNA Financial

In other CNA Financial news, EVP Douglas Worman sold 22,973 shares of the firm's stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $48.75, for a total transaction of $1,119,933.75. Following the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.30% of the company's stock.

Analyst Upgrades and Downgrades

CNA has been the subject of a number of recent research reports. Keefe, Bruyette & Woods raised their target price on CNA Financial from $54.00 to $55.00 and gave the stock a "market perform" rating in a research note on Friday, November 8th. Bank of America lifted their price objective on CNA Financial from $45.00 to $48.00 and gave the company an "underperform" rating in a research note on Thursday, October 10th. Finally, StockNews.com raised shares of CNA Financial from a "hold" rating to a "buy" rating in a research note on Wednesday, November 13th.

CNA Financial Company 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.