Entropy Technologies LP Sells 10,982 Shares of CNA Financial Co. (NYSE:CNA)

Entropy Technologies LP trimmed its position in shares of CNA Financial Co. (NYSE:CNA) by 64.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,183 shares of the insurance provider’s stock after selling 10,982 shares during the period. Entropy Technologies LP’s holdings in CNA Financial were worth $299,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. True Wealth Design LLC purchased a new position in shares of CNA Financial during the 3rd quarter valued at about $36,000. GAMMA Investing LLC increased its stake in CNA Financial by 16.7% in the 4th quarter. GAMMA Investing LLC now owns 2,051 shares of the insurance provider’s stock worth $99,000 after purchasing an additional 293 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in CNA Financial in the 3rd quarter worth approximately $146,000. Blue Trust Inc. increased its stake in CNA Financial by 74.8% in the 3rd quarter. Blue Trust Inc. now owns 3,635 shares of the insurance provider’s stock worth $167,000 after purchasing an additional 1,555 shares during the period. Finally, US Bancorp DE grew its position in shares of CNA Financial by 26.6% in the 3rd quarter. US Bancorp DE now owns 3,449 shares of the insurance provider’s stock worth $169,000 after buying an additional 725 shares during the last quarter. 98.45% of the stock is owned by hedge funds and other institutional investors.

CNA Financial Price Performance

Shares of CNA stock opened at $49.42 on Friday. 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 Co. has a fifty-two week low of $42.33 and a fifty-two week high of $52.36. The firm has a market cap of $13.38 billion, a P/E ratio of 10.30 and a beta of 0.66. The business’s 50 day moving average price is $48.48 and its 200-day moving average price is $49.09.

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 return on equity of 13.30% and a net margin of 9.26%. On average, equities research analysts anticipate that CNA Financial Co. will post 4.68 earnings per share for the current year.

CNA Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Monday, February 24th will be given a dividend of $0.46 per share. The ex-dividend date is Monday, February 24th. This is a positive change from CNA Financial’s previous quarterly dividend of $0.44. This represents a $1.84 annualized dividend and a dividend yield of 3.72%. CNA Financial’s payout ratio is currently 52.27%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in 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 cut their price objective on CNA Financial from $54.00 to $53.00 and set a “market perform” rating on the stock in a research report on Wednesday.

CNA Financial Company 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.