MBM Wealth Consultants LLC Boosts Position in CNA Financial Co. (NYSE:CNA)

MBM Wealth Consultants LLC boosted its position in CNA Financial Co. (NYSE:CNA) by 7.9% during the 4th quarter, HoldingsChannel reports. The firm owned 6,011 shares of the insurance provider’s stock after purchasing an additional 439 shares during the period. MBM Wealth Consultants LLC’s holdings in CNA Financial were worth $289,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CNA. New York State Common Retirement Fund lifted its holdings in 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 purchasing an additional 1,101,217 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of 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 valued at $51,760,000 after buying an additional 570,172 shares in the last quarter. River Road Asset Management LLC boosted its holdings in 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 worth $49,551,000 after buying an additional 5,539 shares during the period. Jane Street Group LLC raised its holdings in CNA Financial by 158.0% during the third 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. Finally, Edgestream Partners L.P. purchased a new position in shares of CNA Financial in the third quarter valued at about $7,585,000. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on CNA. Keefe, Bruyette & Woods lowered their price target on CNA Financial from $55.00 to $54.00 and set a “market perform” rating on the stock in a report on Friday, January 10th. StockNews.com upgraded CNA Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, November 13th. Finally, Bank of America increased 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.

Insiders Place Their Bets

In other news, EVP Douglas Worman sold 22,973 shares of the business’s stock in a transaction 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 transaction, the executive vice president now directly owns 133,777 shares of the company’s stock, valued at approximately $6,521,628.75. The trade was a 14.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.31% of the stock is owned by company insiders.

CNA Financial Stock Performance

CNA Financial stock opened at $48.81 on Wednesday. The company has a 50 day moving average price of $48.61 and a 200-day moving average price of $48.90. The company has a market capitalization of $13.22 billion, a PE ratio of 10.17, a P/E/G ratio of 6.11 and a beta of 0.67. CNA Financial Co. has a fifty-two week low of $42.33 and a fifty-two week high of $52.36. 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 released its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.01. The company had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.15 billion. CNA Financial had a net margin of 9.26% and a return on equity of 13.30%. During the same period in the prior year, the firm earned $1.06 earnings per share. As a group, equities analysts forecast that CNA Financial Co. will post 4.68 earnings per share for the current year.

CNA Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Monday, November 18th were paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date was Monday, November 18th. CNA Financial’s dividend payout ratio (DPR) is 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.