US Bancorp DE Has $169,000 Holdings in CNA Financial Co. (NYSE:CNA)

US Bancorp DE increased its position in CNA Financial Co. (NYSE:CNA) by 26.6% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 3,449 shares of the insurance provider’s stock after purchasing an additional 725 shares during the period. US Bancorp DE’s holdings in CNA Financial were worth $169,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CNA. Measured Wealth Private Client Group LLC boosted its position in shares of CNA Financial by 4.4% in the third quarter. Measured Wealth Private Client Group LLC now owns 13,605 shares of the insurance provider’s stock worth $666,000 after buying an additional 578 shares during the period. Pallas Capital Advisors LLC purchased a new stake in CNA Financial in the 3rd quarter worth about $369,000. Wealth Enhancement Advisory Services LLC boosted its position in CNA Financial by 68.4% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 10,000 shares of the insurance provider’s stock worth $489,000 after acquiring an additional 4,063 shares during the period. Allspring Global Investments Holdings LLC grew its stake in CNA Financial by 2,130.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 8,834 shares of the insurance provider’s stock valued at $432,000 after acquiring an additional 8,438 shares in the last quarter. Finally, Cyndeo Wealth Partners LLC acquired a new position in shares of CNA Financial in the 3rd quarter valued at about $6,093,000. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on CNA. Keefe, Bruyette & Woods raised their price target on shares of CNA Financial from $54.00 to $55.00 and gave the stock a “market perform” rating in a report on Friday, November 8th. StockNews.com raised shares of CNA Financial from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, Bank of America upped their price target on shares of CNA Financial from $45.00 to $48.00 and gave the stock an “underperform” rating in a research note on Thursday, October 10th.

CNA Financial Stock Up 0.2 %

Shares of CNA Financial stock opened at $48.37 on Friday. The stock has a 50-day simple moving average of $49.09 and a 200-day simple moving average of $47.52. CNA Financial Co. has a 52-week low of $39.19 and a 52-week high of $52.36. The firm has a market cap of $13.10 billion, a price-to-earnings ratio of 10.08, a P/E/G ratio of 6.22 and a beta of 0.65. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.26 and a quick ratio of 0.26.

CNA Financial (NYSE:CNA) last posted its earnings results on Monday, November 4th. The insurance provider reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.01. The firm had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.15 billion. CNA Financial had a net margin of 9.26% and a return on equity of 13.30%. During the same period in the previous year, the company earned $1.06 earnings per share. On average, equities research analysts expect that CNA Financial Co. will post 4.65 earnings per share for the current fiscal year.

CNA Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Monday, November 18th will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 3.64%. The ex-dividend date of this dividend is Monday, November 18th. CNA Financial’s payout ratio is 36.67%.

Insider Buying and Selling at CNA Financial

In related news, EVP Douglas Worman sold 22,973 shares of the firm’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $48.75, for a total value of $1,119,933.75. Following the transaction, the executive vice president now directly owns 133,777 shares in the company, valued at approximately $6,521,628.75. This trade represents a 14.66 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Mark Steven James sold 18,547 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $50.58, for a total transaction of $938,107.26. Following the sale, the executive vice president now owns 22,917 shares of the company’s stock, valued at $1,159,141.86. This trade represents a 44.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 67,680 shares of company stock worth $3,355,577 over the last three months. Corporate insiders own 0.30% of the company’s stock.

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.