Proficio Capital Partners LLC Acquires New Shares in CNA Financial Co. (NYSE:CNA)

Proficio Capital Partners LLC acquired a new stake in CNA Financial Co. (NYSE:CNA) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 16,930 shares of the insurance provider’s stock, valued at approximately $819,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CNA. Bank of New York Mellon Corp raised its stake in CNA Financial by 66.0% during the 4th quarter. Bank of New York Mellon Corp now owns 1,177,110 shares of the insurance provider’s stock valued at $56,937,000 after buying an additional 468,058 shares during the last quarter. Jane Street Group LLC raised its stake in CNA Financial by 158.0% during the 3rd quarter. Jane Street Group LLC now owns 288,443 shares of the insurance provider’s stock valued at $14,116,000 after buying an additional 176,649 shares during the last quarter. Edgestream Partners L.P. purchased a new stake in CNA Financial during the 3rd quarter valued at $7,585,000. Ieq Capital LLC raised its stake in CNA Financial by 276.3% during the 4th quarter. Ieq Capital LLC now owns 82,893 shares of the insurance provider’s stock valued at $4,010,000 after buying an additional 60,867 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in CNA Financial during the 3rd quarter valued at $1,668,000. 98.45% of the stock is owned by institutional investors.

CNA Financial Trading Up 0.3 %

NYSE:CNA opened at $48.38 on Friday. 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 market capitalization of $13.10 billion, a price-to-earnings ratio of 13.74, a price-to-earnings-growth ratio of 9.23 and a beta of 0.68. CNA Financial Co. has a one year low of $42.33 and a one year high of $52.36. The business has a fifty day moving average price of $48.56 and a 200-day moving average price of $49.08.

CNA Financial (NYSE:CNA) last posted its quarterly earnings data on Monday, February 10th. The insurance provider reported $1.25 EPS for the quarter, topping the consensus estimate of $1.11 by $0.14. CNA Financial had a return on equity of 12.90% and a net margin of 6.72%. Sell-side analysts forecast that CNA Financial Co. will post 4.64 EPS for the current year.

CNA Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Monday, February 24th will be paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date of this dividend is Monday, February 24th. This is a positive change from CNA Financial’s previous quarterly dividend of $0.44. CNA Financial’s dividend payout ratio is presently 52.27%.

Analyst Upgrades and Downgrades

CNA has been the subject of a number of research reports. StockNews.com lowered 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 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 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.