CNA Financial Co. (NYSE:CNA) Stock Holdings Boosted by Raymond James Trust N.A.

Raymond James Trust N.A. boosted its position in CNA Financial Co. (NYSE:CNA) by 4.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,526 shares of the insurance provider’s stock after purchasing an additional 260 shares during the quarter. Raymond James Trust N.A.’s holdings in CNA Financial were worth $319,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CNA. New York State Common Retirement Fund grew its stake in shares of CNA Financial by 366.7% in the third quarter. New York State Common Retirement Fund now owns 1,401,539 shares of the insurance provider’s stock worth $68,591,000 after purchasing an additional 1,101,217 shares in the last quarter. AQR Capital Management LLC increased its stake in CNA Financial by 97.9% during the 2nd quarter. AQR Capital Management LLC now owns 1,152,528 shares of the insurance provider’s stock valued at $51,760,000 after buying an additional 570,172 shares during the period. Bank of New York Mellon Corp raised its position in shares of CNA Financial by 45.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,068,956 shares of the insurance provider’s stock worth $49,247,000 after buying an additional 334,463 shares in the last quarter. River Road Asset Management LLC lifted its stake in shares of CNA Financial by 0.6% in the 3rd quarter. River Road Asset Management LLC now owns 1,012,492 shares of the insurance provider’s stock worth $49,551,000 after acquiring an additional 5,539 shares during the period. Finally, Vanguard Group Inc. boosted its holdings in shares of CNA Financial by 1.0% in the first quarter. Vanguard Group Inc. now owns 706,279 shares of the insurance provider’s stock valued at $32,079,000 after acquiring an additional 7,201 shares in the last quarter. 98.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CNA. Keefe, Bruyette & Woods raised their target price on shares of CNA Financial from $54.00 to $55.00 and gave the stock a “market perform” rating in a report on Friday, November 8th. Bank of America increased their price target on CNA Financial from $45.00 to $48.00 and gave the company an “underperform” rating in a research report on Thursday, October 10th. Finally, StockNews.com upgraded CNA Financial from a “hold” rating to a “buy” rating in a report on Wednesday, November 13th.

Insider Activity at CNA Financial

In related news, EVP Mark Steven James sold 18,547 shares of CNA Financial stock in a transaction on Monday, September 16th. The stock was sold at an average price of $50.58, for a total transaction of $938,107.26. Following the completion of the sale, the executive vice president now owns 22,917 shares of the company’s stock, valued at approximately $1,159,141.86. This trade represents a 44.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Douglas Worman sold 22,973 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $48.75, for a total value of $1,119,933.75. Following the completion of the transaction, the executive vice president now owns 133,777 shares in the company, valued at $6,521,628.75. This trade represents a 14.66 % decrease in their position. The disclosure for this sale can be found here. 0.31% of the stock is currently owned by insiders.

CNA Financial Price Performance

Shares of NYSE:CNA opened at $50.25 on Thursday. The company’s fifty day moving average is $48.89 and its two-hundred day moving average is $47.83. The company has a market cap of $13.61 billion, a P/E ratio of 10.47, a price-to-earnings-growth ratio of 6.37 and a beta of 0.65. CNA Financial Co. has a 12-month low of $40.92 and a 12-month high of $52.36. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.28.

CNA Financial (NYSE:CNA) last posted its quarterly earnings results on Monday, November 4th. The insurance provider reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.07 by $0.01. CNA Financial had a return on equity of 13.30% and a net margin of 9.26%. The firm had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.15 billion. During the same period in the previous year, the firm earned $1.06 earnings per share. Equities analysts expect that CNA Financial Co. will post 4.68 earnings per share for the current fiscal year.

CNA Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Monday, November 18th will be issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 3.50%. The ex-dividend date of this dividend is Monday, November 18th. CNA Financial’s dividend payout ratio is currently 36.67%.

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.