CNA Financial (NYSE:CNA) Downgraded to Hold at lowered shares of CNA Financial (NYSE:CNAGet Rating) from a buy rating to a hold rating in a report issued on Wednesday morning.

CNA Financial Stock Performance

Shares of CNA opened at $42.53 on Wednesday. The stock’s 50-day simple moving average is $42.07 and its 200 day simple moving average is $41.05. The stock has a market capitalization of $11.52 billion, a price-to-earnings ratio of 12.70, a price-to-earnings-growth ratio of 2.08 and a beta of 0.67. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.26 and a current ratio of 0.26. CNA Financial has a 52-week low of $35.90 and a 52-week high of $50.33.

CNA Financial (NYSE:CNAGet Rating) last issued its quarterly earnings data on Monday, October 31st. The insurance provider reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.17. The business had revenue of $2.65 billion for the quarter, compared to analysts’ expectations of $2.63 billion. CNA Financial had a return on equity of 10.08% and a net margin of 7.71%. During the same quarter in the prior year, the firm posted $0.87 EPS. Research analysts forecast that CNA Financial will post 3.69 EPS for the current fiscal year.

CNA Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 1st. Shareholders of record on Tuesday, November 15th were paid a $0.40 dividend. The ex-dividend date of this dividend was Monday, November 14th. This represents a $1.60 dividend on an annualized basis and a yield of 3.76%. CNA Financial’s dividend payout ratio is currently 47.76%.

Insiders Place Their Bets

In other CNA Financial news, EVP Douglas Worman sold 21,048 shares of the company’s stock in a transaction dated Friday, November 18th. The stock was sold at an average price of $41.96, for a total value of $883,174.08. Following the transaction, the executive vice president now directly owns 98,286 shares in the company, valued at approximately $4,124,080.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.24% of the company’s stock.

Hedge Funds Weigh In On CNA Financial

A number of institutional investors have recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. bought a new position in CNA Financial in the 4th quarter worth about $2,933,000. Bank of New York Mellon Corp increased its position in shares of CNA Financial by 3.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 881,416 shares of the insurance provider’s stock valued at $32,524,000 after purchasing an additional 32,972 shares during the last quarter. Baird Financial Group Inc. raised its holdings in shares of CNA Financial by 0.9% during the 3rd quarter. Baird Financial Group Inc. now owns 60,140 shares of the insurance provider’s stock valued at $2,219,000 after buying an additional 515 shares in the last quarter. Jane Street Group LLC bought a new stake in CNA Financial in the 3rd quarter worth approximately $3,464,000. Finally, BNP Paribas Arbitrage SNC lifted its position in CNA Financial by 79.4% in the 3rd quarter. BNP Paribas Arbitrage SNC now owns 13,186 shares of the insurance provider’s stock worth $487,000 after buying an additional 5,837 shares during the last quarter. 98.35% of the stock is currently owned by institutional investors.

CNA Financial Company Profile

(Get Rating)

CNA Financial Corporation provides commercial property and casualty insurance products primarily in the United States. 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 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 standard property and casualty coverages for healthcare industry; surety and fidelity bonds; and warranty and alternative risks products.

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