Covestor Ltd Grows Position in CNA Financial Co. (NYSE:CNA)

Covestor Ltd increased its position in CNA Financial Co. (NYSE:CNA) by 33.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,079 shares of the insurance provider’s stock after buying an additional 521 shares during the quarter. Covestor Ltd’s holdings in CNA Financial were worth $100,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. HighTower Advisors LLC increased its position in shares of CNA Financial by 107.1% in the third quarter. HighTower Advisors LLC now owns 22,172 shares of the insurance provider’s stock valued at $1,066,000 after acquiring an additional 11,468 shares during the period. Barclays PLC increased its holdings in 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 purchasing an additional 16,377 shares during the period. Wellington Management Group LLP increased its holdings in 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 period. Bank of New York Mellon Corp raised its position in CNA Financial by 66.0% during the 4th quarter. Bank of New York Mellon Corp now owns 1,177,110 shares of the insurance provider’s stock valued at $56,937,000 after purchasing an additional 468,058 shares during the last quarter. Finally, Empowered Funds LLC purchased a new stake in CNA Financial in the 4th quarter worth approximately $255,000. 98.45% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on CNA shares. Keefe, Bruyette & Woods reduced their target price 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. StockNews.com lowered shares of CNA Financial from a “buy” rating to a “hold” rating in a report on Tuesday, February 11th.

CNA Financial Trading Down 0.5 %

NYSE CNA opened at $47.50 on Friday. The stock’s 50 day moving average is $48.79 and its 200 day moving average is $48.74. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $12.83 billion, a PE ratio of 13.49, a P/E/G ratio of 9.23 and a beta of 0.47. CNA Financial Co. has a twelve month low of $42.33 and a twelve month high of $52.36.

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

CNA Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Monday, February 24th were paid a dividend of $0.46 per share. This is an increase from CNA Financial’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.87%. CNA Financial’s dividend payout ratio (DPR) is currently 52.27%.

Insider Activity

In other CNA Financial news, CAO Daniel Paul Franzetti sold 12,991 shares of the firm’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $49.06, for a total transaction of $637,338.46. Following the completion of the sale, the chief accounting officer now directly owns 75,612 shares in the company, valued at approximately $3,709,524.72. This trade represents a 14.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Dino Robusto sold 6,250 shares of CNA Financial stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $51.06, for a total transaction of $319,125.00. Following the completion of the transaction, the chairman now directly owns 718,088 shares of the company’s stock, valued at $36,665,573.28. This trade represents a 0.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,491 shares of company stock worth $1,261,838. Insiders own 0.30% of the company’s stock.

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.