CNA Financial Co. (NYSE:CNA) Shares Bought by Bridgewater Associates LP

Bridgewater Associates LP grew its holdings in CNA Financial Co. (NYSE:CNA) by 11.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,657 shares of the insurance provider’s stock after purchasing an additional 4,424 shares during the quarter. Bridgewater Associates LP’s holdings in CNA Financial were worth $2,186,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of CNA. New York State Common Retirement Fund grew its holdings in CNA Financial by 366.7% during the 3rd quarter. New York State Common Retirement Fund now owns 1,401,539 shares of the insurance provider’s stock valued at $68,591,000 after buying an additional 1,101,217 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of CNA Financial by 97.9% during the second quarter. AQR Capital Management LLC now owns 1,152,528 shares of the insurance provider’s stock valued at $51,760,000 after acquiring an additional 570,172 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of CNA Financial by 570.6% during the second quarter. Rhumbline Advisers now owns 529,862 shares of the insurance provider’s stock valued at $24,411,000 after acquiring an additional 450,843 shares during the last quarter. Bank of New York Mellon Corp increased its position in CNA Financial by 45.5% during 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 purchasing an additional 334,463 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in CNA Financial by 786.5% in the 2nd quarter. American Century Companies Inc. now owns 153,669 shares of the insurance provider’s stock valued at $7,080,000 after purchasing an additional 136,334 shares during the last quarter. 98.45% of the stock is owned by hedge funds and other institutional investors.

CNA Financial Trading Up 0.3 %

CNA stock opened at $50.44 on Friday. CNA Financial Co. has a 52 week low of $40.92 and a 52 week high of $52.36. The company has a market cap of $13.66 billion, a price-to-earnings ratio of 10.51, a PEG ratio of 6.44 and a beta of 0.65. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.28. The business has a fifty day simple moving average of $48.93 and a 200-day simple moving average of $47.90.

CNA Financial (NYSE:CNA) last released its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.08 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.01. The company had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.15 billion. CNA Financial had a return on equity of 13.30% and a net margin of 9.26%. During the same period last year, the business posted $1.06 EPS. On average, equities research analysts expect that CNA Financial Co. will post 4.68 EPS for the current year.

CNA Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Monday, November 18th will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.76 dividend on an annualized basis and a yield of 3.49%. CNA Financial’s dividend payout ratio (DPR) is 36.67%.

Insiders Place Their Bets

In other CNA Financial news, EVP Mark Steven James sold 18,547 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $50.58, for a total transaction of $938,107.26. Following the transaction, the executive vice president now owns 22,917 shares in the company, valued at $1,159,141.86. The trade was a 44.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Douglas Worman sold 22,973 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $48.75, for a total value of $1,119,933.75. Following the completion of the sale, the executive vice president now owns 133,777 shares of the company’s stock, valued at approximately $6,521,628.75. This trade represents a 14.66 % decrease in their position. The disclosure for this sale can be found here. 0.30% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Bank of America raised their target price 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. StockNews.com upgraded CNA Financial from a “hold” rating to a “buy” rating in a report on Wednesday, November 13th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of CNA Financial from $54.00 to $55.00 and gave the stock a “market perform” rating in a report 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.