Measured Wealth Private Client Group LLC Purchases Shares of 6,124 CNA Financial Co. (NYSE:CNA)

Measured Wealth Private Client Group 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 6,124 shares of the insurance provider’s stock, valued at approximately $259,000.

A number of other hedge funds have also recently made changes to their positions in CNA. CENTRAL TRUST Co bought a new stake in CNA Financial in the fourth quarter worth $25,000. Blue Trust Inc. bought a new stake in shares of CNA Financial in the 4th quarter valued at about $27,000. GAMMA Investing LLC bought a new stake in shares of CNA Financial in the 4th quarter valued at about $39,000. Allspring Global Investments Holdings LLC purchased a new stake in CNA Financial during the 4th quarter valued at about $48,000. Finally, Covestor Ltd grew its position in CNA Financial by 36.2% during the 3rd quarter. Covestor Ltd now owns 1,903 shares of the insurance provider’s stock worth $75,000 after acquiring an additional 506 shares during the last quarter. 98.45% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on CNA shares. StockNews.com raised CNA Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, February 14th. Bank of America lowered shares of CNA Financial from a “neutral” rating to an “underperform” rating and raised their price target for the stock from $39.00 to $43.00 in a report on Tuesday, February 6th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of CNA Financial from $48.00 to $50.00 and gave the company a “market perform” rating in a research note on Wednesday, April 10th.

CNA Financial Trading Down 0.4 %

Shares of CNA traded down $0.18 during mid-day trading on Friday, hitting $44.40. 213,187 shares of the company’s stock traded hands, compared to its average volume of 170,629. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $12.03 billion, a P/E ratio of 10.02, a PEG ratio of 1.76 and a beta of 0.63. The business’s 50-day moving average price is $44.04 and its 200-day moving average price is $42.91. CNA Financial Co. has a 1 year low of $36.41 and a 1 year high of $47.37.

CNA Financial (NYSE:CNA) last issued its quarterly earnings data on Monday, February 5th. The insurance provider reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.23. CNA Financial had a net margin of 9.06% and a return on equity of 14.33%. The business had revenue of $3.51 billion for the quarter, compared to the consensus estimate of $2.95 billion. During the same period in the previous year, the firm earned $1.01 EPS. As a group, sell-side analysts forecast that CNA Financial Co. will post 5.03 EPS for the current fiscal year.

CNA Financial Increases Dividend

The business also recently disclosed a None dividend, which was paid on Thursday, March 7th. Shareholders of record on Tuesday, February 20th were issued a $2.44 dividend. The ex-dividend date was Friday, February 16th. This is a positive change from CNA Financial’s previous None dividend of $1.62. This represents a yield of 3.8%. CNA Financial’s dividend payout ratio (DPR) is 39.73%.

CNA Financial 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.