GAMMA Investing LLC Takes $39,000 Position in CNA Financial Co. (NYSE:CNA)

GAMMA Investing LLC bought a new position in shares of CNA Financial Co. (NYSE:CNA) in the 4th quarter, HoldingsChannel.com reports. The firm bought 890 shares of the insurance provider’s stock, valued at approximately $39,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CENTRAL TRUST Co purchased a new stake in shares of CNA Financial during the 4th quarter worth approximately $25,000. Blue Trust Inc. purchased a new stake in CNA Financial in the fourth quarter valued at $27,000. Allspring Global Investments Holdings LLC acquired a new position in CNA Financial in the fourth quarter valued at $48,000. Covestor Ltd grew its holdings in shares of CNA Financial by 36.2% during the third quarter. Covestor Ltd now owns 1,903 shares of the insurance provider’s stock worth $75,000 after purchasing an additional 506 shares during the last quarter. Finally, New York State Teachers Retirement System acquired a new stake in shares of CNA Financial during the fourth quarter worth about $99,000. 98.45% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

CNA Financial Stock Performance

NYSE CNA opened at $44.40 on Friday. The business’s 50-day moving average price is $44.04 and its 200 day moving average price is $42.90. 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 firm has a market cap of $12.03 billion, a P/E ratio of 10.02, a P/E/G ratio of 1.77 and a beta of 0.63. CNA Financial Co. has a 52-week low of $36.41 and a 52-week high of $47.37.

CNA Financial (NYSE:CNA) last announced its earnings results on Monday, February 5th. The insurance provider reported $1.33 earnings per share 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 for the quarter, compared to the consensus estimate of $2.95 billion. During the same period last year, the business posted $1.01 EPS. On average, equities research analysts expect that CNA Financial Co. will post 5.03 earnings per share for the current year.

CNA Financial Increases Dividend

The company also recently announced a None dividend, which was paid on Thursday, March 7th. Stockholders of record on Tuesday, February 20th were paid a $2.44 dividend. This represents a dividend yield of 3.8%. The ex-dividend date was Friday, February 16th. This is a boost from CNA Financial’s previous None dividend of $1.62. CNA Financial’s dividend payout ratio (DPR) is 39.73%.

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.