Empowered Funds LLC Invests $255,000 in CNA Financial Co. (NYSE:CNA)

Empowered Funds LLC bought a new position in shares of CNA Financial Co. (NYSE:CNA) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 5,282 shares of the insurance provider’s stock, valued at approximately $255,000.

A number of other institutional investors have also modified their holdings of CNA. Creative Planning grew its holdings in shares of CNA Financial by 16.5% during the 3rd quarter. Creative Planning now owns 16,067 shares of the insurance provider’s stock worth $786,000 after purchasing an additional 2,272 shares during the period. Blue Trust Inc. grew its holdings in shares of CNA Financial by 74.8% during the 3rd quarter. Blue Trust Inc. now owns 3,635 shares of the insurance provider’s stock worth $167,000 after purchasing an additional 1,555 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of 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 worth $432,000 after purchasing an additional 8,438 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in shares of 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 purchasing an additional 4,063 shares during the period. Finally, Pallas Capital Advisors LLC purchased a new stake in shares of CNA Financial during the 3rd quarter worth about $369,000. Hedge funds and other institutional investors own 98.45% of the company’s stock.

CNA Financial Stock Down 0.9 %

Shares of NYSE:CNA opened at $49.26 on Friday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.28. CNA Financial Co. has a 52-week low of $42.33 and a 52-week high of $52.36. The company has a 50 day moving average of $48.51 and a two-hundred day moving average of $49.10. The company has a market capitalization of $13.34 billion, a price-to-earnings ratio of 13.99, a price-to-earnings-growth ratio of 9.16 and a beta of 0.66.

CNA Financial (NYSE:CNA) last issued its quarterly earnings data on Monday, February 10th. The insurance provider reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.14. CNA Financial had a net margin of 6.72% and a return on equity of 12.90%. As a group, analysts forecast that CNA Financial Co. will post 4.64 earnings per share for the current fiscal year.

CNA Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Monday, February 24th will be given a dividend of $0.46 per share. The ex-dividend date is Monday, February 24th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.74%. This is an increase from CNA Financial’s previous quarterly dividend of $0.44. CNA Financial’s dividend payout ratio (DPR) is presently 50.00%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Keefe, Bruyette & Woods decreased their target price on CNA Financial from $54.00 to $53.00 and set a “market perform” rating for the company in a report on Wednesday, February 12th. StockNews.com downgraded shares of CNA Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, February 11th.

CNA Financial Company 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.