CNA Financial Co. (NYSE:CNA) Holdings Lowered by Invesco Ltd.

Invesco Ltd. lowered its stake in CNA Financial Co. (NYSE:CNA) by 6.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 135,525 shares of the insurance provider’s stock after selling 8,803 shares during the quarter. Invesco Ltd.’s holdings in CNA Financial were worth $6,555,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of CNA. Barclays PLC boosted its position in shares of CNA Financial by 108.7% in the third quarter. Barclays PLC now owns 31,444 shares of the insurance provider’s stock worth $1,539,000 after buying an additional 16,377 shares during the period. Bank of New York Mellon Corp boosted its position 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 worth $56,937,000 after acquiring an additional 468,058 shares during the period. Empowered Funds LLC purchased a new position in CNA Financial during the 4th quarter valued at about $255,000. Torray Investment Partners LLC increased its holdings in shares of CNA Financial by 27.4% in the 4th quarter. Torray Investment Partners LLC now owns 91,920 shares of the insurance provider’s stock valued at $4,446,000 after purchasing an additional 19,758 shares during the period. Finally, Proficio Capital Partners LLC purchased a new stake in shares of CNA Financial in the fourth quarter worth approximately $819,000. Institutional investors and hedge funds own 98.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Keefe, Bruyette & Woods dropped their price objective 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. StockNews.com downgraded shares of CNA Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, February 11th.

CNA Financial Trading Down 1.6 %

NYSE:CNA opened at $47.24 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.28 and a current ratio of 0.28. The company has a market capitalization of $12.76 billion, a P/E ratio of 13.42, a P/E/G ratio of 9.23 and a beta of 0.47. The stock’s 50 day moving average price is $48.55 and its 200 day moving average price is $48.71. CNA Financial Co. has a 52 week low of $42.33 and a 52 week high of $52.36.

CNA Financial (NYSE:CNA) last released its quarterly earnings results on Monday, February 10th. The insurance provider reported $1.25 earnings per share 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%. On average, research analysts forecast that CNA Financial Co. will post 4.64 EPS for the current fiscal 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 given a $0.46 dividend. The ex-dividend date was Monday, February 24th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.90%. This is a boost from CNA Financial’s previous quarterly dividend of $0.44. CNA Financial’s payout ratio is currently 52.27%.

Insider Transactions at CNA Financial

In related news, Chairman Dino Robusto sold 6,250 shares of the company’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $48.86, for a total transaction of $305,375.00. Following the completion of the sale, the chairman now directly owns 720,442 shares of the company’s stock, valued at approximately $35,200,796.12. This represents a 0.86 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Daniel Paul Franzetti sold 12,991 shares of CNA Financial stock in a transaction 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 owns 75,612 shares in the company, valued at $3,709,524.72. This trade represents a 14.66 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,491 shares of company stock worth $1,261,838. 0.30% of the stock is owned by corporate 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.