ExodusPoint Capital Management LP Has $5.95 Million Stock Holdings in CNA Financial Co. (NYSE:CNA)

ExodusPoint Capital Management LP boosted its holdings in shares of CNA Financial Co. (NYSE:CNA) by 49.9% in the 4th quarter, Holdings Channel reports. The firm owned 123,073 shares of the insurance provider’s stock after buying an additional 40,958 shares during the period. ExodusPoint Capital Management LP’s holdings in CNA Financial were worth $5,953,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. EverSource Wealth Advisors LLC boosted its holdings in shares of CNA Financial by 663.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 771 shares of the insurance provider’s stock valued at $37,000 after acquiring an additional 670 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of CNA Financial by 29.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,265 shares of the insurance provider’s stock valued at $61,000 after purchasing an additional 286 shares in the last quarter. Quent Capital LLC grew its holdings in shares of CNA Financial by 28.3% during the fourth quarter. Quent Capital LLC now owns 1,475 shares of the insurance provider’s stock worth $71,000 after purchasing an additional 325 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of CNA Financial in the fourth quarter valued at approximately $74,000. Finally, GAMMA Investing LLC raised its holdings in CNA Financial by 16.7% in the 4th quarter. GAMMA Investing LLC now owns 2,051 shares of the insurance provider’s stock valued at $99,000 after buying an additional 293 shares during the last quarter. Institutional investors and hedge funds own 98.45% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. StockNews.com lowered shares of CNA Financial from a “buy” rating to a “hold” rating in a report 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 on the stock in a research note on Wednesday, February 12th.

Insider Transactions at CNA Financial

In other CNA Financial news, CAO Daniel Paul Franzetti sold 12,991 shares of the stock in a transaction that occurred 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 transaction, the chief accounting officer now directly owns 75,612 shares in the company, valued at approximately $3,709,524.72. This represents a 14.66 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Dino Robusto sold 6,250 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $48.86, for a total transaction of $305,375.00. Following the sale, the chairman now directly owns 720,442 shares of the company’s stock, valued at approximately $35,200,796.12. This trade represents a 0.86 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,491 shares of company stock valued at $1,261,838. Corporate insiders own 0.30% of the company’s stock.

CNA Financial Price Performance

CNA Financial stock opened at $47.00 on Friday. The stock’s 50 day moving average is $49.15 and its 200 day moving average is $48.86. CNA Financial Co. has a one year low of $42.33 and a one year high of $52.36. The firm has a market cap of $12.70 billion, a P/E ratio of 13.35, a P/E/G ratio of 9.23 and a beta of 0.47. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.28 and a quick ratio of 0.28.

CNA Financial (NYSE:CNA) last issued its quarterly earnings results on Monday, February 10th. The insurance provider reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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, research analysts expect 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 was paid on Thursday, March 13th. Shareholders of record on Monday, February 24th were 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 dividend on an annualized basis and a yield of 3.92%. The ex-dividend date was Monday, February 24th. CNA Financial’s dividend payout ratio (DPR) is presently 52.27%.

About CNA Financial

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.