HB Wealth Management LLC Purchases Shares of 5,316 CNA Financial Co. (NYSE:CNA)

HB Wealth Management LLC acquired a new position in CNA Financial Co. (NYSE:CNA) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 5,316 shares of the insurance provider’s stock, valued at approximately $257,000.

A number of other institutional investors also recently made changes to their positions in CNA. Merit Financial Group LLC purchased a new position in CNA Financial in the 4th quarter worth $208,000. Burney Co. increased its holdings in shares of CNA Financial by 18.7% in the fourth quarter. Burney Co. now owns 13,409 shares of the insurance provider’s stock worth $649,000 after buying an additional 2,117 shares during the period. Richard P Slaughter Associates Inc lifted its stake in shares of CNA Financial by 2.3% in the 4th quarter. Richard P Slaughter Associates Inc now owns 57,337 shares of the insurance provider’s stock valued at $2,773,000 after acquiring an additional 1,280 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of CNA Financial in the 4th quarter valued at about $1,065,000. Finally, Pallas Capital Advisors LLC boosted its holdings in CNA Financial by 4.4% during the 4th quarter. Pallas Capital Advisors LLC now owns 7,767 shares of the insurance provider’s stock valued at $376,000 after acquiring an additional 327 shares during the period. Hedge funds and other institutional investors own 98.45% of the company’s stock.

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 shares were sold at an average price of $48.75, for a total transaction of $1,119,933.75. Following the sale, the executive vice president now owns 133,777 shares in the company, valued at approximately $6,521,628.75. The trade was a 14.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.30% of the company’s stock.

Analysts Set New Price Targets

CNA has been the subject of several recent research reports. Keefe, Bruyette & Woods lowered their price objective on CNA Financial from $55.00 to $54.00 and set a “market perform” rating for the company in a research report on Friday, January 10th. StockNews.com raised shares of CNA Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, November 13th. Finally, Bank of America boosted their price objective on shares of CNA Financial from $45.00 to $48.00 and gave the company an “underperform” rating in a research report on Thursday, October 10th.

CNA Financial Price Performance

CNA opened at $48.70 on Friday. The stock’s 50 day moving average price is $48.60 and its 200-day moving average price is $48.92. CNA Financial Co. has a 52-week low of $42.33 and a 52-week high of $52.36. The stock has a market capitalization of $13.19 billion, a PE ratio of 10.15, a price-to-earnings-growth ratio of 6.02 and a beta of 0.67. 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 issued its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.08 EPS for the quarter, topping the consensus estimate of $1.07 by $0.01. The business 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 business earned $1.06 EPS. On average, equities research analysts predict that CNA Financial Co. will post 4.68 EPS for the current year.

CNA Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Monday, November 18th were given a dividend of $0.44 per share. The ex-dividend date was Monday, November 18th. This represents a $1.76 annualized dividend and a yield of 3.61%. CNA Financial’s payout ratio is 36.67%.

About CNA Financial

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.