Trek Financial LLC Acquires 379 Shares of CNA Financial Co. (NYSE:CNA)

Trek Financial LLC boosted its holdings in CNA Financial Co. (NYSE:CNA) by 5.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 6,864 shares of the insurance provider’s stock after buying an additional 379 shares during the quarter. Trek Financial LLC’s holdings in CNA Financial were worth $332,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. HighTower Advisors LLC increased its position in shares of CNA Financial by 107.1% in the third quarter. HighTower Advisors LLC now owns 22,172 shares of the insurance provider’s stock worth $1,066,000 after purchasing an additional 11,468 shares during the last quarter. Barclays PLC grew its stake in CNA Financial by 108.7% in the 3rd quarter. Barclays PLC now owns 31,444 shares of the insurance provider’s stock worth $1,539,000 after buying an additional 16,377 shares in the last quarter. Wellington Management Group LLP increased its holdings in shares of CNA Financial by 43.9% in the 3rd quarter. Wellington Management Group LLP now owns 41,051 shares of the insurance provider’s stock worth $2,009,000 after buying an additional 12,528 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of CNA Financial by 66.0% in the 4th quarter. Bank of New York Mellon Corp now owns 1,177,110 shares of the insurance provider’s stock worth $56,937,000 after buying an additional 468,058 shares during the last quarter. Finally, Empowered Funds LLC bought a new stake in shares of CNA Financial during the 4th quarter worth $255,000. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on CNA shares. StockNews.com cut CNA Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, February 11th. Keefe, Bruyette & Woods cut their price objective on CNA Financial from $54.00 to $53.00 and set a “market perform” rating for the company in a report on Wednesday, February 12th.

CNA Financial Trading Down 3.9 %

Shares of CNA opened at $45.11 on Tuesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.28 and a current ratio of 0.28. CNA Financial Co. has a fifty-two week low of $42.33 and a fifty-two week high of $52.36. The firm has a 50 day moving average price of $49.05 and a 200-day moving average price of $48.81. The firm has a market cap of $12.19 billion, a price-to-earnings ratio of 12.82, a PEG ratio of 9.23 and a beta of 0.47.

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

CNA Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Monday, February 24th were issued a dividend of $0.46 per share. The ex-dividend date of this dividend was Monday, February 24th. This is a boost from CNA Financial’s previous quarterly dividend of $0.44. This represents a $1.84 annualized dividend and a yield of 4.08%. CNA Financial’s dividend payout ratio is currently 52.27%.

Insider Buying and Selling

In other news, Chairman Dino Robusto sold 6,250 shares of the firm’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $51.06, for a total value of $319,125.00. Following the transaction, the chairman now owns 718,088 shares in the company, valued at approximately $36,665,573.28. This trade represents a 0.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Daniel Paul Franzetti sold 12,991 shares of CNA Financial stock in a transaction on Monday, March 17th. The stock was sold at an average price of $49.06, for a total transaction of $637,338.46. Following the completion of the transaction, the chief accounting officer now directly owns 75,612 shares in the company, valued at approximately $3,709,524.72. The trade was a 14.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 25,491 shares of company stock worth $1,261,838 in the last ninety days. 0.30% of the stock is owned by insiders.

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.