Gotham Asset Management LLC Grows Holdings in CNA Financial Co. (NYSE:CNA)

Gotham Asset Management LLC increased its holdings in CNA Financial Co. (NYSE:CNA - Free Report) by 51.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 161,858 shares of the insurance provider's stock after purchasing an additional 54,890 shares during the quarter. Gotham Asset Management LLC owned 0.06% of CNA Financial worth $7,829,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Barclays PLC increased its stake in shares of CNA Financial by 108.7% during the 3rd 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 last quarter. Pallas Capital Advisors LLC boosted its holdings in CNA Financial by 4.4% in the 4th quarter. Pallas Capital Advisors LLC now owns 7,767 shares of the insurance provider's stock valued at $376,000 after purchasing an additional 327 shares during the period. Assenagon Asset Management S.A. bought a new stake in CNA Financial in the 4th quarter valued at $1,065,000. Richard P Slaughter Associates Inc boosted its holdings in CNA Financial by 2.3% in the 4th quarter. Richard P Slaughter Associates Inc now owns 57,337 shares of the insurance provider's stock valued at $2,773,000 after purchasing an additional 1,280 shares during the period. Finally, Burney Co. boosted its holdings in CNA Financial by 18.7% in the 4th quarter. Burney Co. now owns 13,409 shares of the insurance provider's stock valued at $649,000 after purchasing an additional 2,117 shares during the period. Institutional investors and hedge funds own 98.45% of the company's stock.

Insider Buying and Selling at CNA Financial

In other CNA Financial news, CAO Daniel Paul Franzetti sold 12,991 shares of CNA Financial 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 owns 75,612 shares of the company's stock, valued at approximately $3,709,524.72. The trade was a 14.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Dino Robusto acquired 3,896 shares of the stock in a transaction on Thursday, March 13th. The stock was bought at an average cost of $47.63 per share, for a total transaction of $185,566.48. Following the transaction, the chairman now owns 724,338 shares of the company's stock, valued at approximately $34,500,218.94. This trade represents a 0.54% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 31,741 shares of company stock worth $1,559,401. 0.30% of the stock is currently owned by company insiders.

CNA Financial Trading Up 0.7%

CNA Financial stock traded up $0.35 during midday trading on Friday, hitting $49.08. 181,691 shares of the stock were exchanged, compared to its average volume of 326,686. The company has a fifty day simple moving average of $48.44 and a two-hundred day simple moving average of $48.59. CNA Financial Co. has a 52 week low of $42.85 and a 52 week high of $52.36. The stock has a market capitalization of $13.28 billion, a PE ratio of 13.94, a P/E/G ratio of 9.23 and a beta of 0.53. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.28.

CNA Financial (NYSE:CNA - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The insurance provider reported $1.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.16 by ($0.13). The business had revenue of $3.63 billion during the quarter, compared to analyst estimates of $3.68 billion. CNA Financial had a net margin of 6.72% and a return on equity of 12.90%. During the same quarter last year, the business earned $1.30 earnings per share. Equities research analysts anticipate that CNA Financial Co. will post 4.64 EPS for the current fiscal year.

CNA Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Monday, May 19th will be given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date is Monday, May 19th. CNA Financial's dividend payout ratio is 56.10%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. StockNews.com cut shares of CNA Financial from a "buy" rating to a "hold" rating in a research 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.

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.