CNA Financial Co. (NYSE:CNA) Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC raised its position in CNA Financial Co. (NYSE:CNA) by 34.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 11,858 shares of the insurance provider’s stock after acquiring an additional 3,024 shares during the period. Allspring Global Investments Holdings LLC’s holdings in CNA Financial were worth $569,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. True Wealth Design LLC acquired a new stake in shares of CNA Financial in the 3rd quarter worth $36,000. Quent Capital LLC lifted its stake in shares of CNA Financial by 28.3% in the 4th 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 lifted its stake in shares of CNA Financial by 16.7% in the 4th quarter. GAMMA Investing LLC now owns 2,051 shares of the insurance provider’s stock worth $99,000 after acquiring an additional 293 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of CNA Financial in the 3rd quarter worth $146,000. Finally, US Bancorp DE lifted its stake in shares of CNA Financial by 26.6% in the 3rd quarter. US Bancorp DE now owns 3,449 shares of the insurance provider’s stock worth $169,000 after acquiring an additional 725 shares during the period. Institutional investors and hedge funds own 98.45% of the company’s stock.

CNA Financial Stock Down 3.2 %

Shares of NYSE CNA opened at $47.64 on Tuesday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.28. CNA Financial Co. has a 52 week low of $42.33 and a 52 week high of $52.36. The firm has a 50-day moving average price of $48.49 and a 200 day moving average price of $49.10. The stock has a market capitalization of $12.90 billion, a price-to-earnings ratio of 13.53, a price-to-earnings-growth ratio of 9.23 and a beta of 0.66.

CNA Financial (NYSE:CNA) last posted its earnings results on Monday, February 10th. The insurance provider reported $1.25 earnings per share 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%. Equities research analysts anticipate that CNA Financial Co. will post 4.64 EPS for the current fiscal year.

CNA Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Monday, February 24th will be issued 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 3.86%. The ex-dividend date is Monday, February 24th. CNA Financial’s dividend payout ratio (DPR) is 50.00%.

Analysts Set New Price Targets

Several analysts recently commented on CNA shares. StockNews.com cut shares of CNA Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, February 11th. Keefe, Bruyette & Woods reduced their price objective on shares of 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.

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.