Signaturefd LLC Sells 780 Shares of CNA Financial Co. (NYSE:CNA)

Signaturefd LLC trimmed its position in CNA Financial Co. (NYSE:CNA) by 19.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,309 shares of the insurance provider’s stock after selling 780 shares during the quarter. Signaturefd LLC’s holdings in CNA Financial were worth $160,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Bank of New York Mellon Corp raised its holdings in shares of CNA Financial by 66.0% in the 4th quarter. Bank of New York Mellon Corp now owns 1,177,110 shares of the insurance provider’s stock valued at $56,937,000 after purchasing an additional 468,058 shares during the period. CORDA Investment Management LLC. raised its holdings in CNA Financial by 1.8% in the 4th quarter. CORDA Investment Management LLC. now owns 661,532 shares of the insurance provider’s stock valued at $31,998,000 after acquiring an additional 11,597 shares during the period. Jane Street Group LLC raised its holdings in CNA Financial by 158.0% in the 3rd quarter. Jane Street Group LLC now owns 288,443 shares of the insurance provider’s stock valued at $14,116,000 after acquiring an additional 176,649 shares during the period. Raymond James Financial Inc. bought a new position in CNA Financial in the 4th quarter valued at about $13,129,000. Finally, Edgestream Partners L.P. bought a new position in CNA Financial in the 3rd quarter valued at about $7,585,000. 98.45% of the stock is owned by institutional investors.

CNA Financial Stock Down 0.8 %

Shares of CNA opened at $48.80 on Friday. CNA Financial Co. has a 12 month low of $42.33 and a 12 month high of $52.36. The firm’s 50 day moving average is $48.76 and its 200-day moving average is $48.90. The stock has a market capitalization of $13.22 billion, a PE ratio of 13.86, a P/E/G ratio of 9.23 and a beta of 0.68. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.28.

CNA Financial (NYSE:CNA) last announced its earnings results on Monday, February 10th. The insurance provider reported $1.25 EPS for the quarter, topping the consensus estimate of $1.11 by $0.14. CNA Financial had a net margin of 6.72% and a return on equity of 12.90%. Equities research analysts forecast that CNA Financial Co. will post 4.64 EPS for the current year.

CNA Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Monday, February 24th were issued a dividend of $0.46 per share. The ex-dividend date of this dividend was Monday, February 24th. This is a boost from CNA Financial’s previous quarterly dividend of $0.44. This represents a $1.84 annualized dividend and a dividend yield of 3.77%. CNA Financial’s dividend payout ratio (DPR) is currently 52.27%.

Analyst Ratings Changes

Several research analysts have weighed in on CNA shares. Keefe, Bruyette & Woods lowered their price target on shares of CNA Financial from $54.00 to $53.00 and set a “market perform” rating on the stock in a report on Wednesday, February 12th. StockNews.com cut shares of CNA Financial from a “buy” rating to a “hold” rating in a report on Tuesday, February 11th.

Insider Transactions at CNA Financial

In other news, Chairman Dino Robusto purchased 3,896 shares of CNA Financial stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average price of $47.63 per share, for a total transaction of $185,566.48. Following the transaction, the chairman now owns 724,338 shares of the company’s stock, valued at approximately $34,500,218.94. The trade was a 0.54 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, 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 sale, the chief accounting officer now owns 75,612 shares in the company, valued at $3,709,524.72. This represents a 14.66 % decrease in their position. 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.