Torray Investment Partners LLC boosted its holdings in shares of CNA Financial Co. (NYSE:CNA – Free Report) by 27.4% during the 4th quarter, Holdings Channel reports. The fund owned 91,920 shares of the insurance provider’s stock after buying an additional 19,758 shares during the period. Torray Investment Partners LLC’s holdings in CNA Financial were worth $4,446,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its holdings in CNA Financial by 66.0% during the fourth quarter. Bank of New York Mellon Corp now owns 1,177,110 shares of the insurance provider’s stock worth $56,937,000 after buying an additional 468,058 shares during the period. River Road Asset Management LLC lifted its stake in shares of CNA Financial by 0.6% during 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 purchasing an additional 5,539 shares during the last quarter. CORDA Investment Management LLC. boosted its position in CNA Financial by 1.8% during the fourth quarter. CORDA Investment Management LLC. now owns 661,532 shares of the insurance provider’s stock valued at $31,998,000 after purchasing an additional 11,597 shares in the last quarter. Jane Street Group LLC grew its stake in CNA Financial by 158.0% in the third quarter. Jane Street Group LLC now owns 288,443 shares of the insurance provider’s stock valued at $14,116,000 after purchasing an additional 176,649 shares during the last quarter. Finally, Edgestream Partners L.P. bought a new position in CNA Financial in the third quarter worth about $7,585,000. Hedge funds and other institutional investors own 98.45% of the company’s stock.
CNA Financial Price Performance
Shares of NYSE CNA opened at $49.78 on Tuesday. 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 market cap of $13.48 billion, a PE ratio of 14.14, a P/E/G ratio of 9.23 and a beta of 0.66. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.28 and a current ratio of 0.28. The business has a 50-day simple moving average of $48.58 and a two-hundred day simple moving average of $49.11.
CNA Financial Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Monday, February 24th will be paid a $0.46 dividend. This is a positive change from CNA Financial’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Monday, February 24th. This represents a $1.84 dividend on an annualized basis and a yield of 3.70%. CNA Financial’s dividend payout ratio (DPR) is 52.27%.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on CNA. StockNews.com cut shares of CNA Financial from a “buy” rating to a “hold” rating in a report on Tuesday, February 11th. Keefe, Bruyette & Woods lowered their target price 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.
View Our Latest Stock Report on CNA Financial
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.
Recommended Stories
- Five stocks we like better than CNA Financial
- Health Care Stocks Explained: Why You Might Want to Invest
- Bearish Investors Can Seek Refuge in Recession-Resistant ETFs
- Earnings Per Share Calculator: How to Calculate EPS
- 3 Oversold Magnificent Seven Stocks at Key Levels: Buy Now?
- Low PE Growth Stocks: Unlocking Investment Opportunities
- 3M to Hit $175 by Mid-Year, and Higher Highs Are Likely
Want to see what other hedge funds are holding CNA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CNA Financial Co. (NYSE:CNA – Free Report).
Receive News & Ratings for CNA Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CNA Financial and related companies with MarketBeat.com's FREE daily email newsletter.