Private Management Group Inc. Sells 3,817 Shares of CNA Financial Co. (NYSE:CNA)

Private Management Group Inc. reduced its stake in CNA Financial Co. (NYSE:CNA) by 0.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 871,390 shares of the insurance provider’s stock after selling 3,817 shares during the period. CNA Financial makes up approximately 1.4% of Private Management Group Inc.’s investment portfolio, making the stock its 13th biggest position. Private Management Group Inc. owned about 0.32% of CNA Financial worth $36,869,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. CENTRAL TRUST Co bought a new stake in CNA Financial during the fourth quarter worth $25,000. Blue Trust Inc. bought a new stake in CNA Financial during the fourth quarter worth $27,000. GAMMA Investing LLC bought a new stake in CNA Financial during the fourth quarter worth $39,000. Allspring Global Investments Holdings LLC bought a new stake in CNA Financial during the fourth quarter worth $48,000. Finally, CWM LLC lifted its stake in CNA Financial by 84.7% during the third quarter. CWM LLC now owns 1,398 shares of the insurance provider’s stock worth $55,000 after purchasing an additional 641 shares during the last quarter. 98.45% of the stock is currently owned by institutional investors.

CNA Financial Trading Down 0.9 %

NYSE CNA traded down $0.39 on Tuesday, reaching $44.17. The company had a trading volume of 163,810 shares, compared to its average volume of 218,023. The firm has a market cap of $11.97 billion, a price-to-earnings ratio of 9.97, a P/E/G ratio of 1.77 and a beta of 0.64. CNA Financial Co. has a fifty-two week low of $36.41 and a fifty-two week high of $47.37. The business has a 50 day moving average of $44.18 and a two-hundred day moving average of $42.72. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.26 and a quick ratio of 0.26.

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

CNA Financial Increases Dividend

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

Wall Street Analyst Weigh In

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

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.