CNA Financial Co. (NYSE:CNA) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lessened its stake in CNA Financial Co. (NYSE:CNA) by 2.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 33,330 shares of the insurance provider’s stock after selling 847 shares during the period. Victory Capital Management Inc.’s holdings in CNA Financial were worth $1,612,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Quest Partners LLC boosted its position in CNA Financial by 69.3% in the 3rd quarter. Quest Partners LLC now owns 26,737 shares of the insurance provider’s stock valued at $1,309,000 after buying an additional 10,940 shares during the period. Raymond James Trust N.A. boosted its position in CNA Financial by 4.1% in the 3rd quarter. Raymond James Trust N.A. now owns 6,526 shares of the insurance provider’s stock valued at $319,000 after buying an additional 260 shares during the period. Cerity Partners LLC boosted its position in CNA Financial by 65.8% in the 3rd quarter. Cerity Partners LLC now owns 10,665 shares of the insurance provider’s stock valued at $522,000 after buying an additional 4,231 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in CNA Financial in the 3rd quarter valued at approximately $1,668,000. Finally, BNP Paribas Financial Markets boosted its position in CNA Financial by 6,505.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 30,780 shares of the insurance provider’s stock valued at $1,506,000 after buying an additional 30,314 shares during the period. Institutional investors and hedge funds own 98.45% of the company’s stock.

CNA Financial Price Performance

CNA Financial stock opened at $49.03 on Wednesday. The stock has a market cap of $13.28 billion, a P/E ratio of 13.93, a price-to-earnings-growth ratio of 9.23 and a beta of 0.68. The company has a fifty day simple moving average of $48.63 and a 200-day simple moving average of $48.94. CNA Financial Co. has a 12-month low of $42.33 and a 12-month high of $52.36. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.28.

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, topping 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%. Equities analysts expect that CNA Financial Co. will post 4.64 EPS for the current fiscal year.

CNA Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Monday, February 24th were paid a dividend of $0.46 per share. This is a positive change 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 was Monday, February 24th. CNA Financial’s dividend payout ratio (DPR) is currently 52.27%.

Analysts Set New Price Targets

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

Insider Buying and Selling

In related news, CAO Daniel Paul Franzetti sold 12,991 shares of CNA Financial stock in a transaction on Monday, March 17th. The shares were sold at an average price of $49.06, for a total transaction of $637,338.46. Following the sale, the chief accounting officer now directly owns 75,612 shares in the company, valued at $3,709,524.72. This trade represents a 14.66 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Dino Robusto sold 6,250 shares of CNA Financial stock in a transaction on Monday, March 17th. The stock was sold at an average price of $48.86, for a total transaction of $305,375.00. Following the sale, the chairman now owns 720,442 shares in the company, valued at $35,200,796.12. This represents a 0.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.30% of the stock is owned by company insiders.

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.