Torray Investment Partners LLC increased its holdings in shares of CNA Financial Co. (NYSE:CNA - Free Report) by 27.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 91,920 shares of the insurance provider's stock after acquiring an additional 19,758 shares during the quarter. Torray Investment Partners LLC's holdings in CNA Financial were worth $4,446,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. HighTower Advisors LLC boosted its stake in shares of CNA Financial by 107.1% in the third quarter. HighTower Advisors LLC now owns 22,172 shares of the insurance provider's stock valued at $1,066,000 after buying an additional 11,468 shares during the period. Quest Partners LLC lifted its position in shares of CNA Financial by 69.3% during the 3rd quarter. Quest Partners LLC now owns 26,737 shares of the insurance provider's stock valued at $1,309,000 after acquiring an additional 10,940 shares during the period. Wellington Management Group LLP grew its holdings in shares of CNA Financial by 43.9% during the 3rd quarter. Wellington Management Group LLP now owns 41,051 shares of the insurance provider's stock worth $2,009,000 after purchasing an additional 12,528 shares in the last quarter. Barclays PLC increased its position in shares of CNA Financial by 108.7% in the third quarter. Barclays PLC now owns 31,444 shares of the insurance provider's stock worth $1,539,000 after purchasing an additional 16,377 shares during the period. Finally, Entropy Technologies LP acquired a new position in CNA Financial in the third quarter valued at about $840,000. Institutional investors and hedge funds own 98.45% of the company's stock.
CNA Financial Price Performance
NYSE CNA traded up $0.16 during trading on Friday, hitting $48.38. 283,310 shares of the company's stock were exchanged, compared to its average volume of 327,091. The stock's 50 day moving average price is $48.56 and its two-hundred day moving average price is $49.09. The company has a market cap of $13.10 billion, a PE ratio of 13.74, a P/E/G ratio of 9.23 and a beta of 0.68. CNA Financial Co. has a fifty-two week low of $42.33 and a fifty-two week high of $52.36. 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 (NYSE:CNA - Get Free Report) last announced its quarterly 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 return on equity of 12.90% and a net margin of 6.72%. Research analysts expect that CNA Financial Co. will post 4.64 EPS for the current year.
CNA Financial Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Monday, February 24th will be paid a $0.46 dividend. The ex-dividend date of this dividend is Monday, February 24th. This represents a $1.84 annualized dividend and a dividend yield of 3.80%. This is an increase from CNA Financial's previous quarterly dividend of $0.44. CNA Financial's dividend payout ratio is currently 52.27%.
Analyst Ratings Changes
CNA has been the topic of a number of analyst reports. StockNews.com lowered shares of CNA Financial from a "buy" rating to a "hold" rating in a report on Tuesday, February 11th. 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.
Get Our Latest Stock Report on CNA Financial
About CNA Financial
(
Free Report)
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.
Featured Stories
Before you consider CNA Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CNA Financial wasn't on the list.
While CNA Financial currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
