CNA Financial Co. (NYSE:CNA) Stake Reduced by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its stake in CNA Financial Co. (NYSE:CNA) by 63.7% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 14,407 shares of the insurance provider’s stock after selling 25,235 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in CNA Financial were worth $705,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in CNA. Wealth Enhancement Advisory Services LLC acquired a new position in CNA Financial during the 2nd quarter valued at about $273,000. Raymond James Trust N.A. boosted its position in shares of CNA Financial by 11.5% during the second quarter. Raymond James Trust N.A. now owns 6,266 shares of the insurance provider’s stock worth $289,000 after buying an additional 648 shares during the period. Bank of New York Mellon Corp grew its holdings in CNA Financial by 45.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,068,956 shares of the insurance provider’s stock worth $49,247,000 after buying an additional 334,463 shares in the last quarter. SlateStone Wealth LLC increased its position in CNA Financial by 19.5% in the 2nd quarter. SlateStone Wealth LLC now owns 20,265 shares of the insurance provider’s stock valued at $934,000 after acquiring an additional 3,301 shares during the period. Finally, Whittier Trust Co. bought a new stake in CNA Financial during the 2nd quarter valued at $92,000. 98.45% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CNA has been the subject of several recent analyst reports. StockNews.com raised CNA Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, November 13th. Keefe, Bruyette & Woods increased their target price on shares of CNA Financial from $54.00 to $55.00 and gave the company a “market perform” rating in a research report on Friday, November 8th. Finally, Bank of America boosted their price target on shares of CNA Financial from $45.00 to $48.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th.

Insider Transactions at CNA Financial

In other news, EVP Douglas Worman sold 22,973 shares of the firm’s 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 completion of the sale, the executive vice president now directly owns 133,777 shares of the company’s stock, valued at $6,521,628.75. This trade represents a 14.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.30% of the company’s stock.

CNA Financial Stock Performance

Shares of NYSE CNA opened at $47.66 on Friday. CNA Financial Co. has a 1 year low of $41.42 and a 1 year high of $52.36. The firm has a market cap of $12.91 billion, a P/E ratio of 9.93, a PEG ratio of 6.20 and a beta of 0.66. The stock has a fifty day moving average price of $49.06 and a two-hundred day moving average price of $48.31. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.26 and a current ratio of 0.26.

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

CNA Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Monday, November 18th were paid a $0.44 dividend. The ex-dividend date was Monday, November 18th. This represents a $1.76 annualized dividend and a dividend yield of 3.69%. CNA Financial’s dividend payout ratio is currently 36.67%.

CNA Financial 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.