New York State Common Retirement Fund lifted its position in shares of CNA Financial Co. (NYSE:CNA - Free Report) by 93.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 306,500 shares of the insurance provider's stock after purchasing an additional 148,174 shares during the quarter. New York State Common Retirement Fund owned about 0.11% of CNA Financial worth $12,968,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. CWM LLC increased its holdings in CNA Financial by 84.7% in the 3rd quarter. CWM LLC now owns 1,398 shares of the insurance provider's stock valued at $55,000 after purchasing an additional 641 shares in the last quarter. Bfsg LLC purchased a new stake in shares of CNA Financial in the third quarter worth about $254,000. Advisor Partners II LLC grew its stake in shares of CNA Financial by 18.3% in the third quarter. Advisor Partners II LLC now owns 17,627 shares of the insurance provider's stock valued at $694,000 after buying an additional 2,725 shares in the last quarter. Private Management Group Inc. raised its holdings in shares of CNA Financial by 8.3% during the 3rd quarter. Private Management Group Inc. now owns 875,207 shares of the insurance provider's stock valued at $34,439,000 after buying an additional 66,795 shares during the period. Finally, Panagora Asset Management Inc. raised its holdings in shares of CNA Financial by 11.4% during the 3rd quarter. Panagora Asset Management Inc. now owns 22,815 shares of the insurance provider's stock valued at $898,000 after buying an additional 2,330 shares during the period. Institutional investors and hedge funds own 98.45% of the company's stock.
CNA Financial Stock Up 0.5 %
CNA stock traded up $0.24 during midday trading on Tuesday, hitting $43.98. 157,472 shares of the company's stock were exchanged, compared to its average volume of 215,159. The firm 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 12-month low of $36.41 and a 12-month high of $47.37. The stock has a market capitalization of $11.91 billion, a price-to-earnings ratio of 9.93, a price-to-earnings-growth ratio of 1.72 and a beta of 0.64. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.25.
CNA Financial (NYSE:CNA - Get Free Report) last issued its quarterly earnings results on Monday, February 5th. The insurance provider reported $1.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.10 by $0.23. The business had revenue of $3.51 billion during the quarter, compared to analyst estimates of $2.95 billion. CNA Financial had a net margin of 9.06% and a return on equity of 14.33%. During the same quarter in the previous year, the firm earned $1.01 earnings per share. On average, analysts anticipate that CNA Financial Co. will post 5.03 EPS for the current year.
CNA Financial Increases Dividend
The company also recently announced a None dividend, which was paid on Thursday, March 7th. Shareholders of record on Tuesday, February 20th were issued a dividend of $2.44 per share. This represents a yield of 3.8%. The ex-dividend date of this dividend was Friday, February 16th. This is an increase from CNA Financial's previous None dividend of $1.62. CNA Financial's dividend payout ratio (DPR) is currently 39.73%.
Analysts Set New Price Targets
Several analysts have issued reports on CNA shares. Keefe, Bruyette & Woods increased 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. StockNews.com raised shares of CNA Financial from a "hold" rating to a "buy" rating in a research note on Wednesday, February 14th. Finally, Bank of America lowered shares of CNA Financial from a "neutral" rating to an "underperform" rating and boosted their price objective for the stock from $39.00 to $43.00 in a report on Tuesday, February 6th.
View Our Latest Research Report on CNA Financial
CNA Financial Company Profile
(
Free Report)
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.
Further Reading
Before you consider CNA Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CNA Financial wasn't on the list.
While CNA Financial currently has a "Reduce" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
