NWQ Investment Management Company LLC boosted its position in Cna Financial Corp (NYSE:CNA) by 6.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 294,335 shares of the insurance provider’s stock after purchasing an additional 18,805 shares during the quarter. NWQ Investment Management Company LLC owned about 0.11% of Cna Financial worth $15,614,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also recently made changes to their positions in the stock. Robeco Institutional Asset Management B.V. raised its stake in Cna Financial by 9.9% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,238,042 shares of the insurance provider’s stock valued at $65,681,000 after purchasing an additional 111,646 shares during the last quarter. Acadian Asset Management LLC raised its stake in Cna Financial by 9.8% in the 4th quarter. Acadian Asset Management LLC now owns 556,913 shares of the insurance provider’s stock valued at $29,543,000 after purchasing an additional 49,788 shares during the last quarter. Allianz Asset Management GmbH raised its stake in Cna Financial by 9.1% in the 4th quarter. Allianz Asset Management GmbH now owns 456,755 shares of the insurance provider’s stock valued at $24,232,000 after purchasing an additional 38,071 shares during the last quarter. Systematic Financial Management LP acquired a new position in Cna Financial in the 4th quarter valued at about $23,551,000. Finally, Arrowstreet Capital Limited Partnership raised its stake in Cna Financial by 110.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 373,588 shares of the insurance provider’s stock valued at $19,819,000 after purchasing an additional 196,288 shares during the last quarter. 99.64% of the stock is owned by hedge funds and other institutional investors.
Shares of Cna Financial Corp (NYSE:CNA) opened at $52.72 on Wednesday. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $14,404.37, a PE ratio of 15.93, a price-to-earnings-growth ratio of 2.63 and a beta of 1.19. Cna Financial Corp has a fifty-two week low of $42.34 and a fifty-two week high of $55.62.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 14th. Shareholders of record on Monday, February 26th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.28%. The ex-dividend date is Friday, February 23rd. Cna Financial’s dividend payout ratio (DPR) is 36.25%.
CNA has been the subject of several analyst reports. Zacks Investment Research raised shares of Cna Financial from a “hold” rating to a “buy” rating and set a $59.00 target price for the company in a research note on Thursday, January 4th. ValuEngine downgraded shares of Cna Financial from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $53.33.
In other Cna Financial news, EVP Scott L. Weber sold 1,486 shares of Cna Financial stock in a transaction dated Friday, March 2nd. The stock was sold at an average price of $49.83, for a total value of $74,047.38. Following the completion of the sale, the executive vice president now owns 2,382 shares in the company, valued at approximately $118,695.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Larry A. Haefner sold 7,457 shares of Cna Financial stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $53.25, for a total value of $397,085.25. Following the completion of the sale, the executive vice president now owns 42,460 shares of the company’s stock, valued at approximately $2,260,995. The disclosure for this sale can be found here. 0.53% of the stock is owned by insiders.
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About Cna Financial
CNA Financial Corporation is an insurance holding company. The Company’s segments include Specialty, Commercial, International, Life & Group Non-Core, and Corporate & Other Non-Core. Its Specialty segment provides a range of professional, financial, and specialty property, and casualty products and services.
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