US Bancorp DE Has $169,000 Stake in CNA Financial Co. (NYSE:CNA)

US Bancorp DE raised its holdings in CNA Financial Co. (NYSE:CNA) by 26.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,449 shares of the insurance provider’s stock after buying an additional 725 shares during the quarter. US Bancorp DE’s holdings in CNA Financial were worth $169,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Tidal Investments LLC raised its position in CNA Financial by 335.4% in the first quarter. Tidal Investments LLC now owns 30,046 shares of the insurance provider’s stock worth $1,365,000 after purchasing an additional 23,146 shares in the last quarter. Entropy Technologies LP bought a new stake in CNA Financial in the first quarter valued at $520,000. Symmetry Partners LLC raised its stake in CNA Financial by 318.3% during the second quarter. Symmetry Partners LLC now owns 20,361 shares of the insurance provider’s stock worth $938,000 after acquiring an additional 15,493 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of CNA Financial by 97.9% during the second quarter. AQR Capital Management LLC now owns 1,152,528 shares of the insurance provider’s stock valued at $51,760,000 after acquiring an additional 570,172 shares during the period. Finally, Creative Planning boosted its stake in shares of CNA Financial by 16.5% in the 3rd quarter. Creative Planning now owns 16,067 shares of the insurance provider’s stock valued at $786,000 after purchasing an additional 2,272 shares in the last quarter. Institutional investors and hedge funds own 98.45% of the company’s stock.

CNA Financial Trading Up 0.2 %

Shares of NYSE CNA opened at $48.37 on Friday. CNA Financial Co. has a 1-year low of $39.19 and a 1-year high of $52.36. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.28. The company has a 50-day moving average of $49.09 and a two-hundred day moving average of $47.52. The company has a market cap of $13.10 billion, a PE ratio of 10.08, a P/E/G ratio of 6.22 and a beta of 0.65.

CNA Financial (NYSE:CNA) last posted its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.08 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.01. The firm had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.15 billion. CNA Financial had a net margin of 9.26% and a return on equity of 13.30%. During the same quarter in the previous year, the company posted $1.06 EPS. As a group, equities analysts expect that CNA Financial Co. will post 4.65 earnings per share for the current fiscal year.

CNA Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Monday, November 18th will be issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 3.64%. The ex-dividend date of this dividend is Monday, November 18th. CNA Financial’s dividend payout ratio is 36.67%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Keefe, Bruyette & Woods boosted their price target on shares of CNA Financial from $54.00 to $55.00 and gave the company a “market perform” rating in a research report on Friday, November 8th. Bank of America increased their price target on CNA Financial from $45.00 to $48.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th. Finally, StockNews.com raised CNA Financial from a “hold” rating to a “buy” rating in a research note on Wednesday.

Insider Activity at CNA Financial

In other CNA Financial news, EVP Elizabeth Ann Aguinaga sold 26,160 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $49.60, for a total value of $1,297,536.00. Following the completion of the sale, the executive vice president now owns 47,744 shares of the company’s stock, valued at approximately $2,368,102.40. This represents a 35.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Douglas Worman sold 22,973 shares of CNA Financial stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $48.75, for a total transaction of $1,119,933.75. Following the transaction, the executive vice president now directly owns 133,777 shares in the company, valued at approximately $6,521,628.75. This represents a 14.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 67,680 shares of company stock worth $3,355,577 over the last 90 days. Insiders own 0.30% of the company’s stock.

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.