CNA Financial Co. (NYSE:CNA) Shares Purchased by Uncommon Cents Investing LLC

Uncommon Cents Investing LLC raised its stake in CNA Financial Co. (NYSE:CNA) by 184.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,035 shares of the insurance provider’s stock after purchasing an additional 11,690 shares during the period. Uncommon Cents Investing LLC’s holdings in CNA Financial were worth $763,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of CNA. Advisor Group Holdings Inc. raised its position in CNA Financial by 52.4% in the 1st quarter. Advisor Group Holdings Inc. now owns 8,517 shares of the insurance provider’s stock valued at $414,000 after purchasing an additional 2,928 shares in the last quarter. Bank of Montreal Can acquired a new stake in CNA Financial in the 1st quarter valued at about $215,000. MetLife Investment Management LLC acquired a new stake in CNA Financial in the 1st quarter valued at about $27,000. Rhumbline Advisers raised its position in CNA Financial by 5.7% in the 1st quarter. Rhumbline Advisers now owns 22,748 shares of the insurance provider’s stock valued at $1,106,000 after purchasing an additional 1,233 shares in the last quarter. Finally, BlackRock Inc. raised its position in CNA Financial by 8.7% in the 1st quarter. BlackRock Inc. now owns 1,150,456 shares of the insurance provider’s stock valued at $55,935,000 after purchasing an additional 92,007 shares in the last quarter. Institutional investors and hedge funds own 98.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CNA. Keefe, Bruyette & Woods increased their price objective on CNA Financial from $46.00 to $48.00 and gave the company a “market perform” rating in a report on Monday, February 12th. StockNews.com upgraded CNA Financial from a “hold” rating to a “buy” rating in a report on Wednesday, February 14th. Finally, Bank of America downgraded CNA Financial from a “neutral” rating to an “underperform” rating and increased their price objective for the company from $39.00 to $43.00 in a report on Tuesday, February 6th.

CNA Financial Stock Performance

NYSE:CNA traded up $0.57 during mid-day trading on Thursday, reaching $45.42. 222,385 shares of the stock were exchanged, compared to its average volume of 231,911. The company has a 50 day simple moving average of $44.46 and a 200-day simple moving average of $42.10. The stock has a market capitalization of $12.30 billion, a P/E ratio of 10.25, a P/E/G ratio of 1.77 and a beta of 0.64. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.25. CNA Financial Co. has a 1 year low of $36.41 and a 1 year high of $47.37.

CNA Financial (NYSE:CNA) last released its quarterly earnings results on Monday, February 5th. The insurance provider reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.23. The firm had revenue of $3.51 billion for the quarter, compared to the consensus estimate of $2.95 billion. CNA Financial had a return on equity of 14.33% and a net margin of 9.06%. During the same quarter last year, the business posted $1.01 EPS. Analysts anticipate that CNA Financial Co. will post 5.01 earnings per share for the current fiscal year.

CNA Financial Increases Dividend

The company also recently declared a None dividend, which was paid on Thursday, March 7th. Investors of record on Tuesday, February 20th were paid a dividend of $2.44 per share. This represents a yield of 3.8%. The ex-dividend date of this dividend was Friday, February 16th. This is an increase from CNA Financial’s previous None dividend of $1.62. CNA Financial’s dividend payout ratio (DPR) is currently 39.73%.

CNA Financial Company 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.