Burney Co. Increases Stock Holdings in CNA Financial Co. (NYSE:CNA)

Burney Co. lifted its stake in shares of CNA Financial Co. (NYSE:CNA) by 18.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 13,409 shares of the insurance provider’s stock after acquiring an additional 2,117 shares during the quarter. Burney Co.’s holdings in CNA Financial were worth $649,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of CNA. New York State Common Retirement Fund raised its stake in CNA Financial by 366.7% during the 3rd quarter. New York State Common Retirement Fund now owns 1,401,539 shares of the insurance provider’s stock worth $68,591,000 after acquiring an additional 1,101,217 shares in the last quarter. AQR Capital Management LLC grew its holdings in shares of CNA Financial by 97.9% during the second quarter. AQR Capital Management LLC now owns 1,152,528 shares of the insurance provider’s stock worth $51,760,000 after purchasing an additional 570,172 shares during the last quarter. River Road Asset Management LLC increased its position in shares of CNA Financial by 0.6% during the third quarter. River Road Asset Management LLC now owns 1,012,492 shares of the insurance provider’s stock worth $49,551,000 after purchasing an additional 5,539 shares in the last quarter. Jane Street Group LLC boosted its position in shares of CNA Financial by 158.0% in the 3rd quarter. Jane Street Group LLC now owns 288,443 shares of the insurance provider’s stock valued at $14,116,000 after purchasing an additional 176,649 shares during the period. Finally, Edgestream Partners L.P. purchased a new position in CNA Financial during the 3rd quarter worth approximately $7,585,000. Hedge funds and other institutional investors own 98.45% of the company’s stock.

CNA Financial Price Performance

CNA Financial stock opened at $48.93 on Friday. The business has a 50 day simple moving average of $48.59 and a 200-day simple moving average of $48.80. CNA Financial Co. has a 12 month low of $42.24 and a 12 month high of $52.36. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.26 and a quick ratio of 0.26. The stock has a market capitalization of $13.25 billion, a PE ratio of 10.19, a price-to-earnings-growth ratio of 5.70 and a beta of 0.67.

CNA Financial (NYSE:CNA) last issued its 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. The business had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.15 billion. CNA Financial had a net margin of 9.26% and a return on equity of 13.30%. During the same quarter in the previous year, the firm earned $1.06 earnings per share. Equities analysts predict that CNA Financial Co. will post 4.68 earnings per share for the current year.

CNA Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Monday, November 18th were issued a $0.44 dividend. The ex-dividend date was Monday, November 18th. This represents a $1.76 annualized dividend and a dividend yield of 3.60%. CNA Financial’s dividend payout ratio is currently 36.67%.

Insider Activity at CNA Financial

In other CNA Financial news, EVP Douglas Worman sold 22,973 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $48.75, for a total value of $1,119,933.75. Following the completion of the sale, the executive vice president now owns 133,777 shares of the company’s stock, valued at approximately $6,521,628.75. This trade represents a 14.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.31% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Bank of America increased their price objective on CNA Financial from $45.00 to $48.00 and gave the company an “underperform” rating in a report on Thursday, October 10th. Keefe, Bruyette & Woods lowered their price objective on shares of CNA Financial from $55.00 to $54.00 and set a “market perform” rating on the stock in a research report on Friday, January 10th. Finally, StockNews.com upgraded shares of CNA Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, November 13th.

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.