Treasurer of the State of North Carolina Sells 2,320 Shares of CNA Financial Co. (NYSE:CNA)

Treasurer of the State of North Carolina lowered its holdings in shares of CNA Financial Co. (NYSE:CNA) by 19.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 9,649 shares of the insurance provider’s stock after selling 2,320 shares during the period. Treasurer of the State of North Carolina’s holdings in CNA Financial were worth $467,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of CNA. Savant Capital LLC boosted its stake in shares of CNA Financial by 2.6% in the 4th quarter. Savant Capital LLC now owns 9,139 shares of the insurance provider’s stock valued at $442,000 after purchasing an additional 230 shares during the last quarter. US Bancorp DE raised its position in shares of CNA Financial by 7.4% in the 4th quarter. US Bancorp DE now owns 3,703 shares of the insurance provider’s stock worth $179,000 after acquiring an additional 254 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of CNA Financial by 29.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,265 shares of the insurance provider’s stock valued at $61,000 after purchasing an additional 286 shares during the period. GAMMA Investing LLC grew its stake in CNA Financial by 16.7% during the fourth quarter. GAMMA Investing LLC now owns 2,051 shares of the insurance provider’s stock worth $99,000 after purchasing an additional 293 shares during the period. Finally, Quent Capital LLC increased its holdings in CNA Financial by 28.3% in the fourth quarter. Quent Capital LLC now owns 1,475 shares of the insurance provider’s stock worth $71,000 after purchasing an additional 325 shares in the last quarter. Institutional investors own 98.45% of the company’s stock.

Insider Activity

In other news, Chairman Dino Robusto sold 6,250 shares of the company’s stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $51.06, for a total value of $319,125.00. Following the completion of the sale, the chairman now owns 718,088 shares in the company, valued at $36,665,573.28. This represents a 0.86 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Daniel Paul Franzetti sold 12,991 shares of the firm’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $49.06, for a total transaction of $637,338.46. Following the transaction, the chief accounting officer now directly owns 75,612 shares in the company, valued at $3,709,524.72. The trade was a 14.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,491 shares of company stock worth $1,261,838 over the last 90 days. 0.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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

CNA Financial Trading Up 0.4 %

NYSE CNA opened at $47.92 on Friday. CNA Financial Co. has a 52 week low of $42.33 and a 52 week high of $52.36. The business has a 50 day moving average price of $48.68 and a 200-day moving average price of $48.71. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.28. The company has a market cap of $12.95 billion, a price-to-earnings ratio of 13.61, a P/E/G ratio of 9.23 and a beta of 0.47.

CNA Financial (NYSE:CNA) last released its quarterly earnings data on Monday, February 10th. The insurance provider reported $1.25 earnings per share for the quarter, beating analysts’ consensus estimates of $1.11 by $0.14. CNA Financial had a net margin of 6.72% and a return on equity of 12.90%. As a group, equities analysts expect that CNA Financial Co. will post 4.64 earnings per share for the current fiscal year.

CNA Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Monday, February 24th were paid a $0.46 dividend. The ex-dividend date was Monday, February 24th. This is an increase from CNA Financial’s previous quarterly dividend of $0.44. This represents a $1.84 annualized dividend and a dividend yield of 3.84%. 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.