CNA Financial Co. (NYSE:CNA) Shares Purchased by Donald Smith & CO. Inc.

Donald Smith & CO. Inc. raised its holdings in shares of CNA Financial Co. (NYSE:CNA - Free Report) by 20.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,178,228 shares of the insurance provider's stock after acquiring an additional 199,209 shares during the quarter. Donald Smith & CO. Inc. owned approximately 0.43% of CNA Financial worth $49,851,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CNA. CENTRAL TRUST Co acquired a new position in shares of CNA Financial during the 4th quarter worth approximately $25,000. Blue Trust Inc. purchased a new position in CNA Financial during the fourth quarter worth $27,000. GAMMA Investing LLC acquired a new position in shares of CNA Financial in the fourth quarter worth $39,000. Allspring Global Investments Holdings LLC acquired a new position in shares of CNA Financial in the fourth quarter worth $48,000. Finally, CWM LLC lifted its position in shares of CNA Financial by 84.7% in the third quarter. CWM LLC now owns 1,398 shares of the insurance provider's stock valued at $55,000 after acquiring an additional 641 shares in the last quarter. Institutional investors and hedge funds own 98.45% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on CNA shares. StockNews.com raised shares of CNA Financial from a "hold" rating to a "buy" rating in a research note on Wednesday, February 14th. Keefe, Bruyette & Woods boosted their price objective on shares of CNA Financial from $48.00 to $50.00 and gave the company a "market perform" rating in a research report on Wednesday, April 10th. Finally, Bank of America downgraded shares of CNA Financial from a "neutral" rating to an "underperform" rating and upped their price objective for the company from $39.00 to $43.00 in a research note on Tuesday, February 6th.

CNA Financial Trading Up 1.2 %

Shares of NYSE:CNA traded up $0.50 during midday trading on Monday, reaching $43.74. The company's stock had a trading volume of 143,958 shares, compared to its average volume of 215,863. The firm has a market cap of $11.85 billion, a price-to-earnings ratio of 9.87, a price-to-earnings-growth ratio of 1.72 and a beta of 0.64. The business has a 50 day moving average price of $44.03 and a 200 day moving average price of $42.83. CNA Financial Co. has a 1 year low of $36.41 and a 1 year high of $47.37. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.25.

CNA Financial (NYSE:CNA - Get Free Report) last posted its quarterly earnings results on Monday, February 5th. The insurance provider reported $1.33 EPS for the quarter, beating the consensus estimate of $1.10 by $0.23. The company had revenue of $3.51 billion during the quarter, compared to analysts' expectations of $2.95 billion. CNA Financial had a return on equity of 14.33% and a net margin of 9.06%. During the same quarter in the previous year, the business earned $1.01 EPS. Research analysts forecast that CNA Financial Co. will post 5.03 EPS for the current year.

CNA Financial Increases Dividend

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

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.