CNA Financial Co. (NYSE:CNA) Shares Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC raised its stake in shares of CNA Financial Co. (NYSE:CNA - Free Report) by 102.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,269 shares of the insurance provider's stock after purchasing an additional 10,269 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in CNA Financial were worth $980,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in the company. Jefferies Financial Group Inc. bought a new stake in CNA Financial in the fourth quarter worth $387,000. Patrick Mauro Investment Advisor INC. grew its stake in shares of CNA Financial by 0.7% in the 4th quarter. Patrick Mauro Investment Advisor INC. now owns 129,991 shares of the insurance provider's stock worth $6,288,000 after buying an additional 950 shares in the last quarter. Voloridge Investment Management LLC bought a new stake in shares of CNA Financial in the 4th quarter worth about $1,655,000. Vident Advisory LLC increased its holdings in shares of CNA Financial by 102.4% in the 4th quarter. Vident Advisory LLC now owns 35,134 shares of the insurance provider's stock worth $1,699,000 after buying an additional 17,779 shares during the last quarter. Finally, Squarepoint Ops LLC raised its position in shares of CNA Financial by 66.1% during the 4th quarter. Squarepoint Ops LLC now owns 100,012 shares of the insurance provider's stock valued at $4,838,000 after buying an additional 39,799 shares in the last quarter. 98.45% of the stock is owned by institutional investors.

CNA Financial Trading Up 0.6%

NYSE:CNA traded up $0.28 during midday trading on Thursday, hitting $46.08. 309,363 shares of the company traded hands, compared to its average volume of 324,271. 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 firm's fifty day moving average is $47.65 and its 200-day moving average is $48.44. The firm has a market capitalization of $12.47 billion, a P/E ratio of 13.09, a P/E/G ratio of 9.23 and a beta of 0.53. 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 released its earnings results on Monday, May 5th. The insurance provider reported $1.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.16 by ($0.13). CNA Financial had a return on equity of 12.90% and a net margin of 6.72%. The firm had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.68 billion. During the same quarter last year, the business posted $1.30 EPS. On average, sell-side analysts predict that CNA Financial Co. will post 4.64 EPS for the current year.

CNA Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were given a dividend of $0.46 per share. The ex-dividend date was Monday, May 19th. This represents a $1.84 annualized dividend and a dividend yield of 3.99%. CNA Financial's dividend payout ratio (DPR) is presently 56.10%.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods reduced their price objective 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

In related news, Chairman Dino Robusto sold 6,250 shares of the firm's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $51.06, for a total value of $319,125.00. Following the transaction, the chairman now owns 718,088 shares of the company's stock, valued at $36,665,573.28. This trade represents a 0.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Mark Steven James sold 5,015 shares of the company's stock in a transaction dated 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 owns 27,059 shares in the company, valued at $1,308,302.65. This represents a 15.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 43,006 shares of company stock valued at $2,099,564. 0.30% of the stock is currently owned by insiders.

CNA Financial 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.