Nisa Investment Advisors LLC Decreases Stake in CNA Financial Co. (NYSE:CNA)

Nisa Investment Advisors LLC cut its holdings in shares of CNA Financial Co. (NYSE:CNA) by 18.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,220 shares of the insurance provider’s stock after selling 5,400 shares during the period. Nisa Investment Advisors LLC’s holdings in CNA Financial were worth $1,172,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. True Wealth Design LLC bought a new position in CNA Financial during the 3rd quarter valued at about $36,000. GAMMA Investing LLC raised its holdings in shares of CNA Financial by 16.7% during the fourth quarter. GAMMA Investing LLC now owns 2,051 shares of the insurance provider’s stock valued at $99,000 after purchasing an additional 293 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in CNA Financial during the third quarter valued at approximately $146,000. US Bancorp DE boosted its holdings in CNA Financial by 26.6% in the third quarter. US Bancorp DE now owns 3,449 shares of the insurance provider’s stock worth $169,000 after purchasing an additional 725 shares during the last quarter. Finally, Blue Trust Inc. grew its position in CNA Financial by 74.8% in the 3rd quarter. Blue Trust Inc. now owns 3,635 shares of the insurance provider’s stock worth $167,000 after purchasing an additional 1,555 shares during the period. 98.45% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CNA shares. StockNews.com raised CNA Financial from a “hold” rating to a “buy” rating in a report on Wednesday, November 13th. Keefe, Bruyette & Woods lowered their target price on CNA Financial from $55.00 to $54.00 and set a “market perform” rating on the stock in a report on Friday, January 10th. Finally, Bank of America boosted their price target on CNA Financial from $45.00 to $48.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th.

CNA Financial Trading Up 3.0 %

Shares of CNA Financial stock opened at $50.16 on Tuesday. CNA Financial Co. has a 1-year low of $42.33 and a 1-year high of $52.36. The company’s fifty day simple moving average is $48.62 and its 200-day simple moving average is $48.98. 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 stock has a market capitalization of $13.58 billion, a PE ratio of 10.45, a P/E/G ratio of 6.02 and a beta of 0.67.

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 the consensus estimate 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 in the previous year, the business earned $1.06 earnings per share. As a group, equities analysts anticipate that CNA Financial Co. will post 4.68 earnings per share for the current year.

CNA Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Monday, November 18th were paid a dividend of $0.44 per share. The ex-dividend date was Monday, November 18th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.51%. CNA Financial’s dividend payout ratio (DPR) is presently 36.67%.

Insider Buying and Selling

In related news, EVP Douglas Worman sold 22,973 shares of the company’s stock in a transaction on 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 transaction, the executive vice president now owns 133,777 shares of the company’s stock, valued at approximately $6,521,628.75. This represents a 14.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.30% of the stock is currently owned by insiders.

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.