Torray Investment Partners LLC Buys 19,758 Shares of CNA Financial Co. (NYSE:CNA)

Torray Investment Partners LLC lifted its stake in shares of CNA Financial Co. (NYSE:CNA) by 27.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 91,920 shares of the insurance provider’s stock after acquiring an additional 19,758 shares during the quarter. Torray Investment Partners LLC’s holdings in CNA Financial were worth $4,446,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in CNA. True Wealth Design LLC bought a new position in shares of CNA Financial in the third quarter worth approximately $36,000. Smartleaf Asset Management LLC increased its stake in CNA Financial by 29.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,265 shares of the insurance provider’s stock worth $61,000 after buying an additional 286 shares in the last quarter. Quent Capital LLC raised its holdings in CNA Financial by 28.3% during the fourth quarter. Quent Capital LLC now owns 1,475 shares of the insurance provider’s stock valued at $71,000 after acquiring an additional 325 shares during the period. GAMMA Investing LLC raised its holdings in 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 acquiring an additional 293 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of CNA Financial in the third quarter valued at about $146,000. 98.45% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on the company. StockNews.com downgraded CNA Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, February 11th. Keefe, Bruyette & Woods lowered their target price on CNA Financial from $54.00 to $53.00 and set a “market perform” rating for the company in a research report on Wednesday, February 12th.

CNA Financial Price Performance

NYSE:CNA opened at $49.78 on Tuesday. The firm has a market capitalization of $13.48 billion, a price-to-earnings ratio of 14.14, a PEG ratio of 9.23 and a beta of 0.66. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.28 and a quick ratio of 0.28. The business has a 50 day simple moving average of $48.58 and a 200-day simple moving average of $49.11. CNA Financial Co. has a 1 year low of $42.33 and a 1 year high of $52.36.

CNA Financial (NYSE:CNA) last posted its quarterly earnings data 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 analysts forecast that CNA Financial Co. will post 4.64 EPS for the current year.

CNA Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Monday, February 24th will be given a $0.46 dividend. This is a positive change from CNA Financial’s previous quarterly dividend of $0.44. This represents a $1.84 dividend on an annualized basis and a yield of 3.70%. The ex-dividend date is Monday, February 24th. CNA Financial’s dividend payout ratio is 52.27%.

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.