Wellington Management Group LLP Has $2.01 Million Stock Position in CNA Financial Co. (NYSE:CNA)

Wellington Management Group LLP grew its holdings in CNA Financial Co. (NYSE:CNA) by 43.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 41,051 shares of the insurance provider’s stock after purchasing an additional 12,528 shares during the period. Wellington Management Group LLP’s holdings in CNA Financial were worth $2,009,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in CNA. True Wealth Design LLC acquired a new position in CNA Financial during the third quarter valued at approximately $36,000. Fairscale Capital LLC acquired a new position in CNA Financial during the second quarter worth $55,000. Whittier Trust Co. acquired a new position in CNA Financial during the second quarter worth $92,000. Blue Trust Inc. bought a new stake in CNA Financial during the second quarter worth $94,000. Finally, Abich Financial Wealth Management LLC lifted its stake in CNA Financial by 17.3% in the second quarter. Abich Financial Wealth Management LLC now owns 2,059 shares of the insurance provider’s stock valued at $95,000 after acquiring an additional 303 shares during the last quarter. Institutional investors own 98.45% of the company’s stock.

Insider Buying and Selling at CNA Financial

In other news, EVP Douglas Worman sold 22,973 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $48.75, for a total transaction of $1,119,933.75. Following the sale, the executive vice president now directly owns 133,777 shares of the company’s stock, valued at approximately $6,521,628.75. This represents a 14.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.30% of the company’s stock.

CNA Financial Trading Down 2.6 %

Shares of NYSE:CNA opened at $47.12 on Thursday. The stock has a market cap of $12.76 billion, a PE ratio of 9.82, a P/E/G ratio of 6.20 and a beta of 0.66. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.28. CNA Financial Co. has a 12-month low of $41.42 and a 12-month high of $52.36. The business has a 50 day moving average of $49.08 and a 200-day moving average of $48.32.

CNA Financial (NYSE:CNA) last issued its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.01. CNA Financial had a return on equity of 13.30% and a net margin of 9.26%. The firm had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.15 billion. During the same period in the prior year, the firm posted $1.06 EPS. As a group, equities research analysts forecast that CNA Financial Co. will post 4.68 earnings per share for the current year.

CNA Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Monday, November 18th were paid a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 3.74%. The ex-dividend date of this dividend was Monday, November 18th. CNA Financial’s dividend payout ratio (DPR) is 36.67%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. StockNews.com raised shares of CNA Financial from a “hold” rating to a “buy” rating in a report on Wednesday, November 13th. Bank of America upped their price objective on CNA Financial from $45.00 to $48.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th. Finally, Keefe, Bruyette & Woods lifted their target price on CNA Financial from $54.00 to $55.00 and gave the stock a “market perform” rating in a research note on Friday, November 8th.

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.