Quantbot Technologies LP Purchases New Stake in CNA Financial Co. (NYSE:CNA)

Quantbot Technologies LP acquired a new position in shares of CNA Financial Co. (NYSE:CNA) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 1,537 shares of the insurance provider’s stock, valued at approximately $74,000.

Several other hedge funds also recently added to or reduced their stakes in the stock. Savant Capital LLC lifted its position in shares of CNA Financial by 2.6% during the fourth quarter. Savant Capital LLC now owns 9,139 shares of the insurance provider’s stock worth $442,000 after purchasing an additional 230 shares during the last quarter. US Bancorp DE raised its stake in CNA Financial by 7.4% during the fourth quarter. US Bancorp DE now owns 3,703 shares of the insurance provider’s stock valued at $179,000 after buying an additional 254 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in CNA Financial by 29.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,265 shares of the insurance provider’s stock valued at $61,000 after buying an additional 286 shares in the last quarter. GAMMA Investing LLC lifted its holdings in CNA Financial by 16.7% during the 4th quarter. GAMMA Investing LLC now owns 2,051 shares of the insurance provider’s stock worth $99,000 after buying an additional 293 shares during the last quarter. Finally, Quent Capital LLC grew its position in shares of CNA Financial by 28.3% in the 4th quarter. Quent Capital LLC now owns 1,475 shares of the insurance provider’s stock worth $71,000 after acquiring an additional 325 shares in the last quarter. 98.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CNA has been the topic of several research reports. Keefe, Bruyette & Woods dropped their price target on CNA Financial from $54.00 to $53.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 12th. StockNews.com downgraded shares of CNA Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, February 11th.

CNA Financial Stock Up 1.2 %

Shares of CNA Financial stock opened at $50.84 on Tuesday. CNA Financial Co. has a twelve month low of $42.33 and a twelve month high of $52.36. The stock has a market capitalization of $13.73 billion, a price-to-earnings ratio of 14.44, a PEG ratio of 9.23 and a beta of 0.68. The business’s 50 day simple moving average is $49.04 and its 200-day simple moving average is $48.86. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.28.

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

CNA Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Monday, February 24th were paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date was Monday, February 24th. This is a positive change from CNA Financial’s previous quarterly dividend of $0.44. CNA Financial’s dividend payout ratio (DPR) is currently 52.27%.

Insiders Place Their Bets

In other CNA Financial news, Chairman Dino Robusto purchased 3,896 shares of the business’s stock in a transaction on Thursday, March 13th. The stock was bought at an average cost of $47.63 per share, with a total value of $185,566.48. Following the acquisition, the chairman now owns 724,338 shares of the company’s stock, valued at $34,500,218.94. The trade was a 0.54 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Daniel Paul Franzetti sold 12,991 shares of CNA Financial stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $49.06, for a total transaction of $637,338.46. Following the completion of the transaction, the chief accounting officer now directly owns 75,612 shares in the company, valued at $3,709,524.72. This represents a 14.66 % decrease in their position. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by insiders.

About CNA Financial

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.