Charles Schwab Investment Management Inc. Has $13.88 Million Stock Holdings in CNA Financial Co. (NYSE:CNA)

Charles Schwab Investment Management Inc. decreased its holdings in CNA Financial Co. (NYSE:CNA) by 14.1% during the 3rd quarter, HoldingsChannel reports. The firm owned 283,506 shares of the insurance provider’s stock after selling 46,610 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in CNA Financial were worth $13,875,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the business. New York State Common Retirement Fund boosted its position 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 worth $68,591,000 after buying an additional 1,101,217 shares during the period. AQR Capital Management LLC increased its holdings in CNA Financial by 97.9% in 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 purchasing an additional 570,172 shares during the period. Bank of New York Mellon Corp lifted its holdings 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 buying an additional 334,463 shares during the period. River Road Asset Management LLC increased its position in CNA Financial by 0.6% during the 3rd quarter. River Road Asset Management LLC now owns 1,012,492 shares of the insurance provider’s stock valued at $49,551,000 after purchasing an additional 5,539 shares during the period. Finally, Rhumbline Advisers raised its holdings in CNA Financial by 570.6% during the 2nd quarter. Rhumbline Advisers now owns 529,862 shares of the insurance provider’s stock worth $24,411,000 after purchasing an additional 450,843 shares during the last quarter. Institutional investors and hedge funds own 98.45% of the company’s stock.

Wall Street Analysts Forecast Growth

CNA has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods upped their price target on shares of CNA Financial from $54.00 to $55.00 and gave the company a “market perform” rating in a research report on Friday, November 8th. StockNews.com raised CNA Financial from a “hold” rating to a “buy” rating in a report on Wednesday, November 13th. Finally, Bank of America raised their target price on CNA Financial from $45.00 to $48.00 and gave the company an “underperform” rating in a report on Thursday, October 10th.

CNA Financial Stock Down 1.7 %

CNA opened at $50.09 on Monday. CNA Financial Co. has a fifty-two week low of $40.92 and a fifty-two week high of $52.36. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.26 and a quick ratio of 0.26. The company’s 50-day moving average is $49.03 and its 200 day moving average is $48.13. The firm has a market capitalization of $13.57 billion, a P/E ratio of 10.44, a PEG ratio of 6.38 and a beta of 0.66.

CNA Financial (NYSE:CNA) last released its earnings results on Monday, November 4th. The insurance provider reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.01. The firm had revenue of $3.62 billion for the quarter, compared to analysts’ expectations of $3.15 billion. CNA Financial had a net margin of 9.26% and a return on equity of 13.30%. During the same period in the previous year, the company earned $1.06 earnings per share. Research analysts expect that CNA Financial Co. will post 4.68 earnings per share for the current fiscal year.

CNA Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Monday, November 18th were paid a $0.44 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.76 annualized dividend and a dividend yield of 3.51%. CNA Financial’s payout ratio is 36.67%.

Insider Activity

In related news, EVP Douglas Worman sold 22,973 shares of CNA Financial stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $48.75, for a total transaction 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Mark Steven James sold 18,547 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $50.58, for a total value of $938,107.26. Following the completion of the transaction, the executive vice president now owns 22,917 shares in the company, valued at $1,159,141.86. This represents a 44.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.30% of the company’s stock.

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.