Dimensional Fund Advisors LP Trims Stock Holdings in CNA Financial Co. (NYSE:CNA)

Dimensional Fund Advisors LP trimmed its holdings in CNA Financial Co. (NYSE:CNA) by 35.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 21,316 shares of the insurance provider’s stock after selling 11,621 shares during the quarter. Dimensional Fund Advisors LP’s holdings in CNA Financial were worth $1,031,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its stake in CNA Financial by 663.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 771 shares of the insurance provider’s stock worth $37,000 after purchasing an additional 670 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in CNA Financial by 29.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,265 shares of the insurance provider’s stock worth $61,000 after purchasing an additional 286 shares during the last quarter. Quent Capital LLC lifted its stake in CNA Financial by 28.3% in the fourth quarter. Quent Capital LLC now owns 1,475 shares of the insurance provider’s stock worth $71,000 after purchasing an additional 325 shares during the last quarter. Quantbot Technologies LP bought a new stake in CNA Financial in the fourth quarter worth $74,000. Finally, Covestor Ltd lifted its stake in CNA Financial by 33.4% in the fourth quarter. Covestor Ltd now owns 2,079 shares of the insurance provider’s stock worth $100,000 after purchasing an additional 521 shares during the last quarter. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at CNA Financial

In other CNA Financial 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 transaction of $637,338.46. Following the completion of the sale, the chief accounting officer now directly owns 75,612 shares in the company, valued at approximately $3,709,524.72. The trade was a 14.66% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Dino Robusto sold 6,250 shares of the business’s stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $47.61, for a total transaction of $297,562.50. Following the sale, the chairman now owns 711,838 shares of the company’s stock, valued at approximately $33,890,607.18. This represents a 0.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 31,741 shares of company stock valued at $1,559,401 in the last ninety days. 0.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on CNA shares. Keefe, Bruyette & Woods decreased 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 report on Wednesday, February 12th. StockNews.com cut shares of CNA Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, February 11th.

CNA Financial Price Performance

Shares of NYSE CNA opened at $48.74 on Friday. CNA Financial Co. has a 1 year low of $42.85 and a 1 year high of $52.36. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.28 and a quick ratio of 0.28. The company’s 50-day moving average is $48.44 and its 200 day moving average is $48.59. The stock has a market capitalization of $13.19 billion, a P/E ratio of 13.85, a P/E/G ratio of 9.23 and a beta of 0.53.

CNA Financial (NYSE:CNA) last announced its quarterly earnings results on Monday, May 5th. The insurance provider reported $1.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.16 by ($0.13). CNA Financial had a net margin of 6.72% and a return on equity of 12.90%. The company had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $3.68 billion. During the same quarter in the prior year, the firm earned $1.30 EPS. On average, sell-side analysts expect that CNA Financial Co. will post 4.64 earnings per share for the current year.

CNA Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Monday, May 19th will be given a $0.46 dividend. The ex-dividend date is Monday, May 19th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.78%. CNA Financial’s dividend payout ratio is currently 56.10%.

CNA Financial 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.