Blake Schutter Theil Wealth Advisors LLC Takes Position in CNA Financial Co. (NYSE:CNA)

Blake Schutter Theil Wealth Advisors LLC bought a new position in CNA Financial Co. (NYSE:CNA) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 4,200 shares of the insurance provider’s stock, valued at approximately $203,000.

Other institutional investors also recently modified their holdings of the company. HighTower Advisors LLC grew its position in CNA Financial by 107.1% in the third quarter. HighTower Advisors LLC now owns 22,172 shares of the insurance provider’s stock worth $1,066,000 after acquiring an additional 11,468 shares in the last quarter. Quest Partners LLC boosted its holdings in shares of CNA Financial by 69.3% in the 3rd quarter. Quest Partners LLC now owns 26,737 shares of the insurance provider’s stock worth $1,309,000 after purchasing an additional 10,940 shares in the last quarter. Wellington Management Group LLP increased its position in shares of CNA Financial by 43.9% during the 3rd quarter. Wellington Management Group LLP now owns 41,051 shares of the insurance provider’s stock valued at $2,009,000 after purchasing an additional 12,528 shares during the last quarter. Barclays PLC raised its holdings in shares of CNA Financial by 108.7% during the 3rd quarter. Barclays PLC now owns 31,444 shares of the insurance provider’s stock valued at $1,539,000 after buying an additional 16,377 shares in the last quarter. Finally, Entropy Technologies LP bought a new stake in CNA Financial in the 3rd quarter worth approximately $840,000. 98.45% of the stock is currently owned by institutional investors.

CNA Financial Price Performance

Shares of CNA opened at $48.38 on Friday. The firm’s 50-day simple moving average is $48.56 and its two-hundred day simple moving average is $49.08. CNA Financial Co. has a fifty-two week low of $42.33 and a fifty-two week high of $52.36. The stock has a market cap of $13.10 billion, a PE ratio of 13.74, a price-to-earnings-growth ratio of 9.23 and a beta of 0.68. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.28 and a current ratio of 0.28.

CNA Financial (NYSE:CNA) last posted its quarterly earnings data on Monday, February 10th. The insurance provider reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.14. CNA Financial had a return on equity of 12.90% and a net margin of 6.72%. Analysts anticipate that CNA Financial Co. will post 4.64 earnings per share for the current fiscal year.

CNA Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Monday, February 24th will be given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 3.80%. This is an increase from CNA Financial’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Monday, February 24th. CNA Financial’s dividend payout ratio is 52.27%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CNA. StockNews.com cut shares of CNA Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, February 11th. Keefe, Bruyette & Woods decreased their target price on shares of CNA Financial from $54.00 to $53.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 12th.

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.