Fmr LLC Has $256,000 Stock Position in CNA Financial Co. (NYSE:CNA)

Fmr LLC reduced its stake in CNA Financial Co. (NYSE:CNA) by 4.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,226 shares of the insurance provider’s stock after selling 252 shares during the period. Fmr LLC’s holdings in CNA Financial were worth $256,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. AQR Capital Management LLC lifted its position in CNA Financial by 97.9% in the 2nd 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 in the last quarter. Creative Planning increased its holdings in CNA Financial by 16.5% during the third quarter. Creative Planning now owns 16,067 shares of the insurance provider’s stock worth $786,000 after buying an additional 2,272 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in shares of CNA Financial in the 2nd quarter worth approximately $273,000. Hsbc Holdings PLC raised its stake in shares of CNA Financial by 178.9% in the second quarter. Hsbc Holdings PLC now owns 76,136 shares of the insurance provider’s stock valued at $3,505,000 after buying an additional 48,837 shares during the period. Finally, Quest Partners LLC raised its stake in CNA Financial by 69.3% in the 3rd quarter. Quest Partners LLC now owns 26,737 shares of the insurance provider’s stock valued at $1,309,000 after acquiring an additional 10,940 shares during the period. 98.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Bank of America increased their target price on CNA Financial from $45.00 to $48.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th. Keefe, Bruyette & Woods increased their price target 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. Finally, StockNews.com raised CNA Financial from a “hold” rating to a “buy” rating in a report on Wednesday, November 13th.

Insiders Place Their Bets

In other news, EVP Douglas Worman sold 22,973 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $48.75, for a total value of $1,119,933.75. Following the sale, the executive vice president now directly owns 133,777 shares of the company’s stock, valued at $6,521,628.75. The trade was a 14.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.30% of the stock is owned by corporate insiders.

CNA Financial Stock Performance

Shares of CNA stock opened at $48.21 on Friday. The company has a market capitalization of $13.06 billion, a P/E ratio of 10.04, a PEG ratio of 6.20 and a beta of 0.66. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.26 and a current ratio of 0.26. The stock has a 50 day moving average price of $49.06 and a two-hundred day moving average price of $48.31. CNA Financial Co. has a fifty-two week low of $41.42 and a fifty-two week high of $52.36.

CNA Financial (NYSE:CNA) last issued its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.01. The firm had revenue of $3.62 billion for the quarter, compared to analyst estimates 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 company earned $1.06 EPS. Analysts expect that CNA Financial Co. will post 4.68 earnings per share for the current year.

CNA Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Monday, November 18th were issued a dividend of $0.44 per share. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.65%. CNA Financial’s dividend payout ratio (DPR) is 36.67%.

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.