Signaturefd LLC Purchases 337 Shares of CNA Financial Co. (NYSE:CNA)

Signaturefd LLC lifted its position in shares of CNA Financial Co. (NYSE:CNA) by 12.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 2,994 shares of the insurance provider’s stock after buying an additional 337 shares during the period. Signaturefd LLC’s holdings in CNA Financial were worth $127,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in CNA. Loews Corp boosted its holdings in shares of CNA Financial by 1.8% in the 3rd quarter. Loews Corp now owns 248,414,738 shares of the insurance provider’s stock valued at $9,775,120,000 after purchasing an additional 4,456,050 shares in the last quarter. Wakefield Asset Management LLLP acquired a new stake in CNA Financial in the fourth quarter valued at about $418,000. Personal CFO Solutions LLC grew its position in CNA Financial by 9.0% in the third quarter. Personal CFO Solutions LLC now owns 180,391 shares of the insurance provider’s stock valued at $7,098,000 after acquiring an additional 14,955 shares during the last quarter. GSA Capital Partners LLP raised its stake in CNA Financial by 232.1% during the third quarter. GSA Capital Partners LLP now owns 46,620 shares of the insurance provider’s stock worth $1,834,000 after acquiring an additional 32,583 shares in the last quarter. Finally, Brandywine Global Investment Management LLC lifted its holdings in shares of CNA Financial by 8.4% in the third quarter. Brandywine Global Investment Management LLC now owns 214,112 shares of the insurance provider’s stock worth $8,425,000 after acquiring an additional 16,510 shares during the last quarter. Institutional investors and hedge funds own 98.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Bank of America lowered shares of CNA Financial from a “neutral” rating to an “underperform” rating and raised their target price for the company from $39.00 to $43.00 in a research report on Tuesday, February 6th. Keefe, Bruyette & Woods lifted their target price on CNA Financial from $48.00 to $50.00 and gave the stock a “market perform” rating in a report on Wednesday, April 10th. Finally, StockNews.com upgraded shares of CNA Financial from a “hold” rating to a “buy” rating in a report on Wednesday, February 14th.

CNA Financial Trading Up 1.2 %

NYSE:CNA opened at $43.74 on Tuesday. The firm has a fifty day simple moving average of $44.03 and a two-hundred day simple moving average 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 $11.85 billion, a price-to-earnings ratio of 9.87, a PEG 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) last issued its 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. CNA Financial had a return on equity of 14.33% and a net margin of 9.06%. The company had revenue of $3.51 billion during the quarter, compared to the consensus estimate of $2.95 billion. During the same period last year, the business posted $1.01 EPS. Analysts expect that CNA Financial Co. will post 5.03 EPS for the current fiscal year.

CNA Financial Increases Dividend

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

About CNA Financial

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.