CNA Financial Co. (NYSE:CNA) Shares Sold by Deroy & Devereaux Private Investment Counsel Inc.

Deroy & Devereaux Private Investment Counsel Inc. decreased its holdings in CNA Financial Co. (NYSE:CNA - Free Report) by 7.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 310,420 shares of the insurance provider's stock after selling 25,053 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. owned 0.11% of CNA Financial worth $13,134,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Janiczek Wealth Management LLC boosted its stake in shares of CNA Financial by 28.6% in the fourth quarter. Janiczek Wealth Management LLC now owns 2,716 shares of the insurance provider's stock worth $115,000 after acquiring an additional 604 shares during the period. Allspring Global Investments Holdings LLC bought a new position in CNA Financial during the fourth quarter valued at approximately $48,000. Wakefield Asset Management LLLP bought a new position in CNA Financial during the fourth quarter valued at approximately $418,000. New York State Teachers Retirement System bought a new position in CNA Financial during the fourth quarter valued at approximately $99,000. Finally, CENTRAL TRUST Co bought a new position in CNA Financial during the fourth quarter valued at approximately $25,000. Institutional investors own 98.45% of the company's stock.

CNA Financial Trading Up 0.0 %

CNA stock traded up $0.02 during midday trading on Friday, reaching $43.32. 116,841 shares of the company traded hands, compared to its average volume of 222,767. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.26 and a current ratio of 0.26. The business has a 50 day moving average of $44.51 and a 200-day moving average of $42.43. CNA Financial Co. has a 52-week low of $36.41 and a 52-week high of $47.37. The firm has a market capitalization of $11.74 billion, a price-to-earnings ratio of 9.78, a P/E/G ratio of 1.76 and a beta of 0.64.

CNA Financial (NYSE:CNA - Get Free Report) last announced its quarterly earnings data on Monday, February 5th. The insurance provider reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.23. CNA Financial had a return on equity of 14.33% and a net margin of 9.06%. The company had revenue of $3.51 billion for the quarter, compared to analysts' expectations of $2.95 billion. During the same quarter in the prior year, the firm earned $1.01 earnings per share. As a group, sell-side analysts expect that CNA Financial Co. will post 5.01 earnings per share for the current fiscal year.

CNA Financial Increases Dividend

The business also recently announced a None dividend, which was paid on Thursday, March 7th. Shareholders of record on Tuesday, February 20th were given a dividend of $2.44 per share. This represents a yield of 3.8%. The ex-dividend date was Friday, February 16th. This is a boost from CNA Financial's previous None dividend of $1.62. CNA Financial's dividend payout ratio (DPR) is 39.73%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CNA. Bank of America lowered CNA Financial from a "neutral" rating to an "underperform" rating and increased their price target for the company from $39.00 to $43.00 in a research note on Tuesday, February 6th. Keefe, Bruyette & Woods upped their price objective on CNA Financial from $48.00 to $50.00 and gave the company a "market perform" rating in a research report on Wednesday. Finally, StockNews.com upgraded CNA Financial from a "hold" rating to a "buy" rating in a research report on Wednesday, February 14th.

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.