CNA Financial Co. (NYSE:CNA) Stock Position Lowered by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its position in shares of CNA Financial Co. (NYSE:CNA) by 63.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,407 shares of the insurance provider’s stock after selling 25,235 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in CNA Financial were worth $705,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in CNA. New York State Common Retirement Fund grew its holdings in shares of CNA Financial by 366.7% during the third quarter. New York State Common Retirement Fund now owns 1,401,539 shares of the insurance provider’s stock valued at $68,591,000 after buying an additional 1,101,217 shares in the last quarter. AQR Capital Management LLC boosted its position in CNA Financial by 97.9% during the 2nd quarter. AQR Capital Management LLC now owns 1,152,528 shares of the insurance provider’s stock worth $51,760,000 after acquiring an additional 570,172 shares during the period. Bank of New York Mellon Corp grew its stake 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 valued at $49,247,000 after acquiring an additional 334,463 shares in the last quarter. River Road Asset Management LLC increased its holdings in shares of CNA Financial by 0.6% in 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 lifted its position in shares of CNA Financial by 570.6% in the second 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 in the last quarter. 98.45% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at CNA Financial

In related 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 completion of the sale, the executive vice president now directly owns 133,777 shares in the company, valued at approximately $6,521,628.75. The trade was a 14.66 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

CNA Financial Trading Up 1.1 %

Shares of NYSE CNA opened at $47.66 on Friday. The business has a 50 day simple moving average of $49.06 and a 200 day simple moving average of $48.31. CNA Financial Co. has a 52 week low of $41.42 and a 52 week high of $52.36. The stock has a market cap of $12.91 billion, a price-to-earnings ratio of 9.93, 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.

CNA Financial (NYSE:CNA) last announced its quarterly earnings results on Monday, November 4th. The insurance provider reported $1.08 EPS for the quarter, topping the consensus estimate of $1.07 by $0.01. CNA Financial had a net margin of 9.26% and a return on equity of 13.30%. The company had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.15 billion. During the same quarter in the prior year, the business posted $1.06 EPS. On average, research analysts predict that CNA Financial Co. will post 4.68 earnings per share for the current fiscal year.

CNA Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Monday, November 18th were given a $0.44 dividend. 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 3.69%. CNA Financial’s dividend payout ratio is currently 36.67%.

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.