Nuveen Asset Management LLC Has $1.76 Million Stock Position in CNA Financial Co. (NYSE:CNA)

Nuveen Asset Management LLC lessened its holdings in CNA Financial Co. (NYSE:CNA - Free Report) by 15.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 36,382 shares of the insurance provider's stock after selling 6,653 shares during the quarter. Nuveen Asset Management LLC's holdings in CNA Financial were worth $1,760,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of CNA. EverSource Wealth Advisors LLC raised its position in shares of CNA Financial by 663.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 771 shares of the insurance provider's stock valued at $37,000 after acquiring an additional 670 shares during the period. Smartleaf Asset Management LLC raised its position in shares of 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 acquiring an additional 286 shares during the period. Quent Capital LLC raised its holdings in CNA Financial by 28.3% during the 4th quarter. Quent Capital LLC now owns 1,475 shares of the insurance provider's stock worth $71,000 after buying an additional 325 shares during the period. Quantbot Technologies LP acquired a new stake in CNA Financial during the 4th quarter worth approximately $74,000. Finally, Covestor Ltd raised its holdings in CNA Financial by 33.4% during the 4th quarter. Covestor Ltd now owns 2,079 shares of the insurance provider's stock worth $100,000 after buying an additional 521 shares during the period. Institutional investors own 98.45% of the company's stock.

Insider Activity at CNA Financial

In other 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 sale, the executive vice president now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Dino Robusto sold 6,250 shares of CNA Financial stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $51.06, for a total value of $319,125.00. Following the sale, the chairman now directly owns 718,088 shares of the company's stock, valued at $36,665,573.28. This represents a 0.86% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 43,006 shares of company stock valued at $2,099,564. 0.30% of the stock is owned by corporate insiders.

CNA Financial Stock Down 0.3%

Shares of NYSE:CNA traded down $0.16 during midday trading on Thursday, hitting $46.90. The stock had a trading volume of 327,507 shares, compared to its average volume of 321,423. CNA Financial Co. has a 12 month low of $42.85 and a 12 month high of $52.36. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.28. The business's 50-day simple moving average is $48.01 and its 200-day simple moving average is $48.54. The company has a market cap of $12.69 billion, a P/E ratio of 13.32, a PEG ratio of 9.23 and a beta of 0.53.

CNA Financial (NYSE:CNA - Get Free Report) last released its earnings results 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 firm 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 business posted $1.30 earnings per share. On average, sell-side analysts forecast that CNA Financial Co. will post 4.64 earnings per share for the current fiscal year.

CNA Financial Announces Dividend

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 of this dividend is Monday, May 19th. This represents a $1.84 annualized dividend and a dividend yield of 3.92%. CNA Financial's dividend payout ratio is presently 56.10%.

Analyst Ratings Changes

CNA has been the subject of several research reports. Keefe, Bruyette & Woods decreased their price target on shares of CNA Financial from $54.00 to $53.00 and set a "market perform" rating for the company in a research note on Wednesday, February 12th. Wall Street Zen cut shares of CNA Financial from a "buy" rating to a "hold" rating in a research note on Tuesday, February 11th.

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.