Millennium Management LLC Has $12.97 Million Stock Holdings in CNA Financial Co. (NYSE:CNA)

Millennium Management LLC increased its stake in CNA Financial Co. (NYSE:CNA - Free Report) by 229.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 268,139 shares of the insurance provider's stock after purchasing an additional 186,653 shares during the quarter. Millennium Management LLC owned approximately 0.10% of CNA Financial worth $12,970,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its stake in CNA Financial by 663.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 771 shares of the insurance provider's stock worth $37,000 after purchasing an additional 670 shares in the last quarter. Smartleaf Asset Management LLC increased 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 worth $61,000 after purchasing an additional 286 shares in the last quarter. Quent Capital LLC increased its stake in CNA Financial by 28.3% in the 4th quarter. Quent Capital LLC now owns 1,475 shares of the insurance provider's stock worth $71,000 after purchasing an additional 325 shares in the last quarter. Quantbot Technologies LP purchased a new position in CNA Financial in the 4th quarter worth about $74,000. Finally, Covestor Ltd increased its stake in CNA Financial by 33.4% in the 4th quarter. Covestor Ltd now owns 2,079 shares of the insurance provider's stock worth $100,000 after purchasing an additional 521 shares in the last quarter. Hedge funds and other institutional investors own 98.45% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on CNA shares. Wall Street Zen cut CNA Financial from a "buy" rating to a "hold" rating in a research note on Tuesday, February 11th. Keefe, Bruyette & Woods lowered their target price on 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.

Insider Activity at CNA Financial

In other CNA Financial news, EVP Mark Steven James sold 5,015 shares of CNA Financial stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $48.35, for a total transaction of $242,475.25. Following the completion of the transaction, the executive vice president now directly owns 27,059 shares of the company's stock, valued at approximately $1,308,302.65. This trade represents a 15.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Dino Robusto sold 6,250 shares of CNA Financial stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $47.61, for a total value of $297,562.50. Following the transaction, the chairman now directly owns 711,838 shares of the company's stock, valued at approximately $33,890,607.18. The trade was a 0.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 36,756 shares of company stock worth $1,801,876. 0.30% of the stock is owned by corporate insiders.

CNA Financial Stock Performance

CNA Financial stock traded up $0.13 during trading hours on Thursday, reaching $47.30. 35,945 shares of the company were exchanged, compared to its average volume of 348,244. The firm has a market cap of $12.80 billion, a price-to-earnings ratio of 13.42, a PEG ratio of 9.23 and a beta of 0.53. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.28. The stock has a 50-day moving average of $48.25 and a 200 day moving average of $48.56. CNA Financial Co. has a 12 month low of $42.85 and a 12 month high of $52.36.

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 for the quarter, missing the consensus estimate of $1.16 by ($0.13). CNA Financial had a net margin of 6.72% and a return on equity of 12.90%. The business had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.68 billion. During the same period in the prior year, the company posted $1.30 earnings per share. As a group, research analysts anticipate that CNA Financial Co. will post 4.64 earnings per share for the current year.

CNA Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Monday, May 19th will be paid a $0.46 dividend. The ex-dividend date is Monday, May 19th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.89%. CNA Financial's payout ratio is 56.10%.

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.