Pallas Capital Advisors LLC Has $376,000 Position in CNA Financial Co. (NYSE:CNA)

Pallas Capital Advisors LLC lifted its holdings in CNA Financial Co. (NYSE:CNA) by 4.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 7,767 shares of the insurance provider’s stock after purchasing an additional 327 shares during the quarter. Pallas Capital Advisors LLC’s holdings in CNA Financial were worth $376,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. True Wealth Design LLC bought a new position in CNA Financial during the 3rd quarter worth about $36,000. Fairscale Capital LLC bought a new position in shares of CNA Financial during the second quarter worth about $55,000. Abich Financial Wealth Management LLC raised its position in CNA Financial by 17.3% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 2,059 shares of the insurance provider’s stock valued at $95,000 after buying an additional 303 shares during the last quarter. GAMMA Investing LLC lifted 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 valued at $99,000 after acquiring an additional 293 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in CNA Financial during the 3rd quarter worth approximately $146,000. 98.45% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other CNA Financial news, EVP Douglas Worman sold 22,973 shares of the firm’s 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 owns 133,777 shares in the company, valued at $6,521,628.75. This trade represents a 14.66 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.31% of the company’s stock.

CNA Financial Stock Up 1.5 %

Shares of CNA stock opened at $48.05 on Thursday. CNA Financial Co. has a 52-week low of $42.06 and a 52-week high of $52.36. The stock has a market cap of $13.01 billion, a price-to-earnings ratio of 10.01, a PEG ratio of 6.20 and a beta of 0.67. The firm’s 50-day moving average is $48.62 and its 200-day moving average is $48.78. 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 data on Monday, November 4th. The insurance provider reported $1.08 EPS for the quarter, beating the consensus estimate of $1.07 by $0.01. The firm had revenue of $3.62 billion for the quarter, compared to the consensus estimate 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 previous year, the company earned $1.06 earnings per share. Sell-side analysts predict that CNA Financial Co. will post 4.68 EPS for the current year.

CNA Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Monday, November 18th were paid a $0.44 dividend. The ex-dividend date was Monday, November 18th. This represents a $1.76 annualized dividend and a yield of 3.66%. CNA Financial’s dividend payout ratio (DPR) is presently 36.67%.

Analyst Upgrades and Downgrades

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

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.