Quent Capital LLC Boosts Holdings in CNA Financial Co. (NYSE:CNA)

Quent Capital LLC grew its holdings in shares of CNA Financial Co. (NYSE:CNA) by 28.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,475 shares of the insurance provider’s stock after acquiring an additional 325 shares during the quarter. Quent Capital LLC’s holdings in CNA Financial were worth $71,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. HighTower Advisors LLC raised its stake in shares of CNA Financial by 107.1% during the third quarter. HighTower Advisors LLC now owns 22,172 shares of the insurance provider’s stock worth $1,066,000 after acquiring an additional 11,468 shares in the last quarter. Creative Planning grew its holdings in shares of CNA Financial by 16.5% in the third quarter. Creative Planning now owns 16,067 shares of the insurance provider’s stock worth $786,000 after purchasing an additional 2,272 shares during the last quarter. Quest Partners LLC grew its holdings in shares of CNA Financial by 69.3% in the third quarter. Quest Partners LLC now owns 26,737 shares of the insurance provider’s stock worth $1,309,000 after purchasing an additional 10,940 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of CNA Financial by 43.9% in the third quarter. Wellington Management Group LLP now owns 41,051 shares of the insurance provider’s stock worth $2,009,000 after purchasing an additional 12,528 shares during the last quarter. Finally, Barclays PLC grew its holdings in shares of CNA Financial by 108.7% in the third quarter. Barclays PLC now owns 31,444 shares of the insurance provider’s stock worth $1,539,000 after purchasing an additional 16,377 shares during the last quarter. 98.45% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CNA has been the topic of several recent analyst reports. Keefe, Bruyette & Woods cut their target price on shares of CNA Financial from $54.00 to $53.00 and set a “market perform” rating on the stock in a report on Wednesday. StockNews.com cut shares of CNA Financial from a “buy” rating to a “hold” rating in a report on Tuesday.

CNA Financial Stock Down 0.7 %

Shares of CNA Financial stock opened at $48.65 on Thursday. The stock has a market capitalization of $13.18 billion, a price-to-earnings ratio of 10.14 and a beta of 0.66. The company’s 50 day moving average price is $48.51 and its 200-day moving average price is $49.09. CNA Financial Co. has a 52-week low of $42.33 and a 52-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 results on Monday, February 10th. The insurance provider reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.14. CNA Financial had a net margin of 9.26% and a return on equity of 13.30%. Equities research analysts forecast that CNA Financial Co. will post 4.68 EPS for the current year.

CNA Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Monday, February 24th will be issued a $0.46 dividend. The ex-dividend date is Monday, February 24th. This represents a $1.84 annualized dividend and a yield of 3.78%. This is a boost from CNA Financial’s previous quarterly dividend of $0.44. CNA Financial’s payout ratio 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.