CNA Financial Co. (NYSE:CNA) Shares Acquired by Ieq Capital LLC

by · The Cerbat Gem

Ieq Capital LLC lifted its holdings in CNA Financial Co. (NYSE:CNA – Free Report) by 276.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 82,893 shares of the insurance provider’s stock after acquiring an additional 60,867 shares during the quarter. Ieq Capital LLC’s holdings in CNA Financial were worth $4,010,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Savant Capital LLC increased its stake in shares of CNA Financial by 2.6% in the fourth quarter. Savant Capital LLC now owns 9,139 shares of the insurance provider’s stock worth $442,000 after acquiring an additional 230 shares during the period. Raymond James Trust N.A. increased its stake in shares of CNA Financial by 4.1% in the third quarter. Raymond James Trust N.A. now owns 6,526 shares of the insurance provider’s stock worth $319,000 after acquiring an additional 260 shares during the period. GAMMA Investing LLC increased its stake in shares of CNA Financial by 16.7% in the fourth quarter. GAMMA Investing LLC now owns 2,051 shares of the insurance provider’s stock worth $99,000 after acquiring an additional 293 shares during the period. Quent Capital LLC increased its stake in shares of CNA Financial by 28.3% in the fourth quarter. Quent Capital LLC now owns 1,475 shares of the insurance provider’s stock worth $71,000 after acquiring an additional 325 shares during the period. Finally, Pallas Capital Advisors LLC increased its stake in shares of CNA Financial by 4.4% in the fourth quarter. Pallas Capital Advisors LLC now owns 7,767 shares of the insurance provider’s stock worth $376,000 after acquiring an additional 327 shares during the period. Institutional investors and hedge funds own 98.45% of the company’s stock.

CNA Financial Stock Performance

Shares of NYSE CNA opened at $49.26 on Friday. The company’s fifty day moving average price is $48.51 and its 200 day moving average price is $49.10. CNA Financial Co. has a 1 year low of $42.33 and a 1 year high of $52.36. The company has a market capitalization of $13.34 billion, a PE ratio of 13.99, a price-to-earnings-growth ratio of 9.16 and a beta of 0.66. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.28 and a current ratio of 0.28.

CNA Financial (NYSE:CNA – Get Free Report) last announced its quarterly earnings results on Monday, February 10th. The insurance provider reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.14. CNA Financial had a net margin of 6.72% and a return on equity of 12.90%. On average, research analysts predict that CNA Financial Co. will post 4.64 earnings per share for the current year.

CNA Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Monday, February 24th will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 3.74%. This is an increase from CNA Financial’s previous quarterly dividend of $0.44. The ex-dividend date is Monday, February 24th. CNA Financial’s dividend payout ratio (DPR) is presently 50.00%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on CNA shares. StockNews.com lowered shares of CNA Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, February 11th. Keefe, Bruyette & Woods lowered their price target on shares of CNA Financial from $54.00 to $53.00 and set a “market perform” rating on the stock in a report on Wednesday, February 12th.

Read Our Latest Stock Analysis on CNA Financial

CNA Financial Profile

(Free Report)

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.

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