Rhumbline Advisers Trims Holdings in CNA Financial Co. (NYSE:CNA)

Rhumbline Advisers lessened its holdings in shares of CNA Financial Co. (NYSE:CNA) by 4.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 73,980 shares of the insurance provider’s stock after selling 3,514 shares during the period. Rhumbline Advisers’ holdings in CNA Financial were worth $3,578,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of CNA. New York State Common Retirement Fund grew its holdings in shares of CNA Financial by 366.7% during the 3rd quarter. New York State Common Retirement Fund now owns 1,401,539 shares of the insurance provider’s stock worth $68,591,000 after acquiring an additional 1,101,217 shares during the period. River Road Asset Management LLC grew its holdings in shares of CNA Financial by 0.6% during the 3rd quarter. River Road Asset Management LLC now owns 1,012,492 shares of the insurance provider’s stock worth $49,551,000 after acquiring an additional 5,539 shares during the period. Jane Street Group LLC grew its holdings in shares of CNA Financial by 158.0% during the 3rd quarter. Jane Street Group LLC now owns 288,443 shares of the insurance provider’s stock worth $14,116,000 after acquiring an additional 176,649 shares during the period. Edgestream Partners L.P. purchased a new position in shares of CNA Financial during the 3rd quarter worth approximately $7,585,000. Finally, Cyndeo Wealth Partners LLC grew its holdings in shares of CNA Financial by 6.2% during the 4th quarter. Cyndeo Wealth Partners LLC now owns 132,259 shares of the insurance provider’s stock worth $6,397,000 after acquiring an additional 7,767 shares during the period. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Keefe, Bruyette & Woods dropped their price target on 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 CNA Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, February 11th.

CNA Financial Stock Performance

Shares of CNA opened at $48.95 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. The business’s 50 day moving average price is $48.55 and its 200-day moving average price is $49.10. CNA Financial Co. has a 52 week low of $42.33 and a 52 week high of $52.36. The stock has a market cap of $13.26 billion, a P/E ratio of 13.91, a P/E/G ratio of 9.23 and a beta of 0.66.

CNA Financial (NYSE:CNA) last released 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 return on equity of 12.90% and a net margin of 6.72%. Equities research analysts anticipate that CNA Financial Co. will post 4.64 earnings per share for the current fiscal year.

CNA Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Monday, February 24th will be given a $0.46 dividend. The ex-dividend date of this dividend is Monday, February 24th. This is a boost from CNA Financial’s previous quarterly dividend of $0.44. This represents a $1.84 annualized dividend and a yield of 3.76%. CNA Financial’s dividend payout ratio is 52.27%.

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.