Rhumbline Advisers Sells 3,514 Shares of CNA Financial Co. (NYSE:CNA)

Rhumbline Advisers trimmed its position in shares of CNA Financial Co. (NYSE:CNA – Free Report) by 4.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 73,980 shares of the insurance provider’s stock after selling 3,514 shares during the quarter. Rhumbline Advisers’ holdings in CNA Financial were worth $3,578,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. True Wealth Design LLC bought a new stake in CNA Financial during the third quarter valued at approximately $36,000. Quent Capital LLC grew its position in shares of CNA Financial by 28.3% during the 4th quarter. Quent Capital LLC now owns 1,475 shares of the insurance provider’s stock valued at $71,000 after acquiring an additional 325 shares during the period. GAMMA Investing LLC increased its stake in shares of CNA Financial by 16.7% in the 4th quarter. GAMMA Investing LLC now owns 2,051 shares of the insurance provider’s stock worth $99,000 after purchasing an additional 293 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in CNA Financial in the 3rd quarter worth $146,000. Finally, US Bancorp DE lifted its position in CNA Financial by 26.6% during the third quarter. US Bancorp DE now owns 3,449 shares of the insurance provider’s stock valued at $169,000 after purchasing an additional 725 shares in the last quarter. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

CNA Financial Stock Performance

Shares of NYSE:CNA opened at $48.95 on Friday. CNA Financial Co. has a 52 week low of $42.33 and a 52 week high of $52.36. The stock has a market capitalization of $13.26 billion, a P/E ratio of 13.91, a PEG ratio of 9.23 and a beta of 0.66. The firm has a fifty day simple moving average of $48.55 and a two-hundred day simple moving average of $49.10. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.28.

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CNA Financial (NYSE:CNA – Get Free Report) last released its earnings results on Monday, February 10th. The insurance provider reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.14. CNA Financial had a net margin of 6.72% and a return on equity of 12.90%. On average, analysts expect that CNA Financial Co. will post 4.64 earnings per share for the current fiscal year.

CNA Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Monday, February 24th will be issued a dividend of $0.46 per share. This is a positive change from CNA Financial’s previous quarterly dividend of $0.44. The ex-dividend date is Monday, February 24th. This represents a $1.84 dividend on an annualized basis and a yield of 3.76%. CNA Financial’s dividend payout ratio (DPR) is presently 52.27%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CNA. StockNews.com downgraded CNA Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, February 11th. Keefe, Bruyette & Woods decreased their target price on shares of CNA Financial from $54.00 to $53.00 and set a “market perform” rating on the stock in a research note on Wednesday, February 12th.

Check Out Our Latest Report on CNA

CNA Financial Profile

(Free Report)

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.