Quent Capital LLC Acquires 325 Shares of CNA Financial Co. (NYSE:CNA)

Quent Capital LLC grew its holdings in shares of CNA Financial Co. (NYSE:CNA) by 28.3% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,475 shares of the insurance provider’s stock after buying an additional 325 shares during the period. Quent Capital LLC’s holdings in CNA Financial were worth $71,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of CNA. True Wealth Design LLC bought a new stake in shares of CNA Financial during the 3rd quarter valued at $36,000. GAMMA Investing LLC boosted its holdings in shares of CNA Financial by 16.7% during the 4th quarter. GAMMA Investing LLC now owns 2,051 shares of the insurance provider’s stock valued at $99,000 after buying an additional 293 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of CNA Financial during the 3rd quarter valued at $146,000. Blue Trust Inc. boosted its holdings in shares of CNA Financial by 74.8% during the 3rd quarter. Blue Trust Inc. now owns 3,635 shares of the insurance provider’s stock valued at $167,000 after buying an additional 1,555 shares in the last quarter. Finally, US Bancorp DE boosted its holdings in shares of CNA Financial by 26.6% during the 3rd quarter. US Bancorp DE now owns 3,449 shares of the insurance provider’s stock valued at $169,000 after buying an additional 725 shares in the last quarter. Institutional investors own 98.45% of the company’s stock.

CNA Financial Price Performance

Shares of NYSE:CNA opened at $48.65 on Thursday. CNA Financial Co. has a fifty-two week low of $42.33 and a fifty-two week high of $52.36. The business has a 50-day simple moving average of $48.51 and a two-hundred day simple moving average of $49.09. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.26 and a current ratio of 0.26. The firm has a market cap of $13.18 billion, a price-to-earnings ratio of 10.14 and a beta of 0.66.

CNA Financial (NYSE:CNA) last issued its earnings results on Monday, February 10th. The insurance provider reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.14. CNA Financial had a return on equity of 13.30% and a net margin of 9.26%. On average, analysts expect that CNA Financial Co. will post 4.68 earnings per share for the current year.

CNA Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Monday, February 24th will be given 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 3.78%. CNA Financial’s payout ratio is 36.67%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. StockNews.com lowered CNA Financial from a “buy” rating to a “hold” rating in a research report on Tuesday. Keefe, Bruyette & Woods lowered their price target on CNA Financial from $54.00 to $53.00 and set a “market perform” rating for the company in a research report on Wednesday.

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.