OMERS ADMINISTRATION Corp Purchases Shares of 4,200 CNA Financial Co. (NYSE:CNA)

OMERS ADMINISTRATION Corp purchased a new stake in shares of CNA Financial Co. (NYSE:CNA) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,200 shares of the insurance provider’s stock, valued at approximately $203,000.

Other hedge funds have also modified their holdings of the company. Bank of New York Mellon Corp lifted its position in shares of CNA Financial by 66.0% during the fourth 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 buying an additional 468,058 shares during the last quarter. Empowered Funds LLC purchased a new stake in shares of CNA Financial during the fourth quarter valued at about $255,000. Torray Investment Partners LLC lifted its position in shares of CNA Financial by 27.4% during the fourth quarter. Torray Investment Partners LLC now owns 91,920 shares of the insurance provider’s stock valued at $4,446,000 after buying an additional 19,758 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of CNA Financial during the fourth quarter valued at about $819,000. Finally, Prudential Financial Inc. lifted its position in shares of CNA Financial by 250.8% during the fourth quarter. Prudential Financial Inc. now owns 45,137 shares of the insurance provider’s stock valued at $2,211,000 after buying an additional 32,270 shares during the last quarter. 98.45% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CNA has been the subject of several analyst reports. StockNews.com lowered shares of CNA Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, February 11th. Keefe, Bruyette & Woods cut 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 report on Wednesday, February 12th.

Insider Buying and Selling

In related news, CAO Daniel Paul Franzetti sold 12,991 shares of the stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 75,612 shares in the company, valued at approximately $3,709,524.72. This represents a 14.66% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Dino Robusto acquired 3,896 shares of the company’s stock in a transaction dated Thursday, March 13th. The shares were purchased at an average cost of $47.63 per share, for a total transaction of $185,566.48. Following the purchase, the chairman now directly owns 724,338 shares in the company, valued at approximately $34,500,218.94. This trade represents a 0.54% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 31,741 shares of company stock worth $1,559,401. 0.30% of the stock is owned by company insiders.

CNA Financial Stock Performance

CNA opened at $48.19 on Wednesday. CNA Financial Co. has a 52-week low of $42.85 and a 52-week high of $52.36. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.28. The company has a market cap of $13.04 billion, a P/E ratio of 13.69, a price-to-earnings-growth ratio of 9.23 and a beta of 0.53. The firm’s 50-day moving average price is $48.48 and its 200-day moving average price is $48.61.

CNA Financial (NYSE:CNA) last posted its quarterly earnings data 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 analyst estimates of $3.68 billion. During the same quarter last year, the company earned $1.30 EPS. As a group, equities analysts anticipate that CNA Financial Co. will post 4.64 EPS for the current fiscal year.

CNA Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Monday, May 19th will be issued a $0.46 dividend. The ex-dividend date is Monday, May 19th. This represents a $1.84 annualized dividend and a yield of 3.82%. CNA Financial’s dividend payout ratio (DPR) is presently 56.10%.

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.