CNA Financial Co. (NYSE:CNA) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. lowered its stake in CNA Financial Co. (NYSE:CNA) by 0.9% during the third quarter, Holdings Channel.com reports. The fund owned 677,110 shares of the insurance provider’s stock after selling 6,337 shares during the quarter. Vanguard Group Inc.’s holdings in CNA Financial were worth $26,644,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CNA. Advisor Group Holdings Inc. boosted its stake in CNA Financial by 52.4% during the 1st quarter. Advisor Group Holdings Inc. now owns 8,517 shares of the insurance provider’s stock worth $414,000 after purchasing an additional 2,928 shares during the last quarter. Bank of Montreal Can acquired a new stake in CNA Financial during the 1st quarter worth $215,000. MetLife Investment Management LLC acquired a new stake in CNA Financial during the 1st quarter worth $27,000. Rhumbline Advisers boosted its stake in CNA Financial by 5.7% during the 1st quarter. Rhumbline Advisers now owns 22,748 shares of the insurance provider’s stock worth $1,106,000 after purchasing an additional 1,233 shares during the last quarter. Finally, BlackRock Inc. boosted its stake in CNA Financial by 8.7% during the 1st quarter. BlackRock Inc. now owns 1,150,456 shares of the insurance provider’s stock worth $55,935,000 after purchasing an additional 92,007 shares during the last quarter. Institutional investors and hedge funds own 98.45% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports 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 lifted their price target on CNA Financial from $48.00 to $50.00 and gave the stock a “market perform” rating in a report on Wednesday. Finally, Bank of America lowered CNA Financial from a “neutral” rating to an “underperform” rating and lifted their price target for the stock from $39.00 to $43.00 in a report on Tuesday, February 6th.

CNA Financial Stock Up 0.0 %

NYSE CNA opened at $43.32 on Friday. CNA Financial Co. has a 52 week low of $36.41 and a 52 week 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. The business’s fifty day simple moving average is $44.51 and its 200-day simple moving average is $42.45. The firm has a market cap of $11.74 billion, a PE ratio of 9.78, a P/E/G ratio of 1.76 and a beta of 0.64.

CNA Financial (NYSE:CNA) last posted its quarterly earnings results on Monday, February 5th. The insurance provider reported $1.33 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 business had revenue of $3.51 billion for the quarter, compared to analyst estimates of $2.95 billion. During the same quarter in the previous year, the firm earned $1.01 EPS. As a group, equities analysts anticipate that CNA Financial Co. will post 5.01 earnings per share for the current year.

CNA Financial Increases Dividend

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

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.