Charles Schwab Investment Management Inc. Sells 5,892 Shares of CNA Financial Co. (NYSE:CNA)

Charles Schwab Investment Management Inc. trimmed its holdings in shares of CNA Financial Co. (NYSE:CNA) by 2.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 277,614 shares of the insurance provider’s stock after selling 5,892 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in CNA Financial were worth $13,428,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of New York Mellon Corp lifted its holdings in CNA Financial by 66.0% during the 4th quarter. Bank of New York Mellon Corp now owns 1,177,110 shares of the insurance provider’s stock valued at $56,937,000 after purchasing an additional 468,058 shares during the last quarter. Jane Street Group LLC grew its position in shares of CNA Financial by 158.0% during the 3rd quarter. Jane Street Group LLC now owns 288,443 shares of the insurance provider’s stock worth $14,116,000 after buying an additional 176,649 shares during the period. Edgestream Partners L.P. acquired a new stake in shares of CNA Financial during the 3rd quarter worth approximately $7,585,000. Ieq Capital LLC grew its position in shares of CNA Financial by 276.3% during the 4th quarter. Ieq Capital LLC now owns 82,893 shares of the insurance provider’s stock worth $4,010,000 after buying an additional 60,867 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of CNA Financial during the 3rd quarter worth approximately $1,668,000. 98.45% of the stock is owned by institutional investors.

Insider Buying and Selling at CNA Financial

In other news, CAO Daniel Paul Franzetti sold 12,991 shares of the business’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $49.06, for a total value of $637,338.46. Following the sale, the chief accounting officer now owns 75,612 shares of the company’s stock, valued at $3,709,524.72. The trade was a 14.66 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Dino Robusto acquired 3,896 shares of the business’s stock in a transaction dated Thursday, March 13th. The stock was acquired at an average cost of $47.63 per share, for a total transaction of $185,566.48. Following the transaction, the chairman now owns 724,338 shares of the company’s stock, valued at $34,500,218.94. This represents a 0.54 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.30% of the company’s stock.

Analysts Set New Price Targets

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

CNA Financial Stock Down 0.8 %

Shares of NYSE CNA opened at $48.80 on Friday. The stock has a market cap of $13.22 billion, a P/E ratio of 13.86, a P/E/G ratio of 9.23 and a beta of 0.68. The firm has a 50 day moving average price of $48.76 and a 200 day moving average price of $48.92. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.28 and a current ratio of 0.28. CNA Financial Co. has a 52-week low of $42.33 and a 52-week high of $52.36.

CNA Financial (NYSE:CNA) last issued its quarterly earnings data on Monday, February 10th. The insurance provider reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.14. CNA Financial had a net margin of 6.72% and a return on equity of 12.90%. Analysts expect that CNA Financial Co. will post 4.64 EPS for the current year.

CNA Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Monday, February 24th were paid a $0.46 dividend. The ex-dividend date was Monday, February 24th. This represents a $1.84 dividend on an annualized basis and a yield of 3.77%. This is a positive change from CNA Financial’s previous quarterly dividend of $0.44. CNA Financial’s payout ratio is presently 52.27%.

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.