US Bancorp DE Has $179,000 Holdings in CNA Financial Co. (NYSE:CNA)

US Bancorp DE boosted its holdings in shares of CNA Financial Co. (NYSE:CNA) by 7.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,703 shares of the insurance provider’s stock after buying an additional 254 shares during the quarter. US Bancorp DE’s holdings in CNA Financial were worth $179,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of CNA. True Wealth Design LLC bought a new stake in shares of CNA Financial during the third quarter worth approximately $36,000. Quent Capital LLC boosted its holdings in shares of CNA Financial by 28.3% during the fourth quarter. Quent Capital LLC now owns 1,475 shares of the insurance provider’s stock worth $71,000 after acquiring an additional 325 shares during the period. GAMMA Investing LLC boosted its stake in shares of CNA Financial by 16.7% in the fourth quarter. GAMMA Investing LLC now owns 2,051 shares of the insurance provider’s stock valued at $99,000 after buying an additional 293 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of CNA Financial in the third quarter valued at approximately $146,000. Finally, Merit Financial Group LLC bought a new stake in shares of CNA Financial in the fourth quarter valued at approximately $208,000. Institutional investors and hedge funds own 98.45% of the company’s stock.

Wall Street Analysts Forecast Growth

CNA has been the subject of several recent research reports. Keefe, Bruyette & Woods cut their price target on CNA Financial from $54.00 to $53.00 and set a “market perform” rating for the company in a research note on Wednesday, February 12th. StockNews.com cut CNA Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, February 11th.

CNA Financial Stock Up 2.0 %

Shares of CNA opened at $49.05 on Friday. CNA Financial Co. has a one year low of $42.33 and a one year high of $52.36. The company has a market cap of $13.29 billion, a P/E ratio of 13.93, a P/E/G ratio of 9.23 and a beta of 0.68. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.28 and a quick ratio of 0.28. The firm has a 50 day simple moving average of $48.56 and a two-hundred day simple moving average of $48.99.

CNA Financial (NYSE:CNA) last announced its quarterly earnings data on Monday, February 10th. The insurance provider reported $1.25 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%. Research analysts forecast that CNA Financial Co. will post 4.64 EPS for the current fiscal year.

CNA Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Monday, February 24th were given a dividend of $0.46 per share. This is an increase from CNA Financial’s previous quarterly dividend of $0.44. This represents a $1.84 annualized dividend and a yield of 3.75%. The ex-dividend date of this dividend was Monday, February 24th. CNA Financial’s payout ratio is currently 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.