CNA Financial Co. (NYSE:CNA) Shares Sold by Invesco Ltd.

Invesco Ltd. reduced its position in CNA Financial Co. (NYSE:CNA - Free Report) by 6.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 135,525 shares of the insurance provider's stock after selling 8,803 shares during the period. Invesco Ltd. owned about 0.05% of CNA Financial worth $6,555,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in CNA. Savant Capital LLC boosted its stake in shares of CNA Financial by 2.6% during the 4th quarter. Savant Capital LLC now owns 9,139 shares of the insurance provider's stock worth $442,000 after acquiring an additional 230 shares in the last quarter. US Bancorp DE boosted its holdings in CNA Financial by 7.4% in the 4th quarter. US Bancorp DE now owns 3,703 shares of the insurance provider's stock worth $179,000 after buying an additional 254 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in CNA Financial by 29.2% in the 4th 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 last quarter. GAMMA Investing LLC lifted 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 purchasing an additional 293 shares in the last quarter. Finally, 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 valued at $71,000 after purchasing an additional 325 shares during the period. 98.45% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at CNA Financial

In other CNA Financial news, CAO Daniel Paul Franzetti sold 12,991 shares of the company's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $49.06, for a total transaction of $637,338.46. Following the transaction, the chief accounting officer now directly owns 75,612 shares in the company, valued at approximately $3,709,524.72. This represents a 14.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Chairman Dino Robusto acquired 3,896 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average cost of $47.63 per share, with a total value of $185,566.48. Following the completion of the purchase, the chairman now directly owns 724,338 shares in the company, valued at $34,500,218.94. This represents a 0.54 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 25,491 shares of company stock worth $1,261,838. Insiders own 0.30% of the company's stock.

Wall Street Analyst Weigh In

CNA has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods reduced their price target on shares of CNA Financial from $54.00 to $53.00 and set a "market perform" rating on the stock in a research note on Wednesday, February 12th. StockNews.com lowered CNA Financial from a "buy" rating to a "hold" rating in a research report on Tuesday, February 11th.

CNA Financial Stock Down 1.2 %

Shares of CNA Financial stock traded down $0.60 during trading hours on Thursday, reaching $47.56. 42,526 shares of the company were exchanged, compared to its average volume of 324,175. The firm has a market cap of $12.85 billion, a PE ratio of 13.51, a PEG ratio of 9.23 and a beta of 0.47. The stock's fifty day moving average is $48.47 and its 200 day moving average is $48.70. CNA Financial Co. has a 1 year low of $42.33 and a 1 year high of $52.36. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.28 and a current ratio of 0.28.

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

CNA Financial Increases Dividend

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

About CNA Financial

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.