CNA Financial Co. (NYSE:CNA) Shares Sold by Mraz Amerine & Associates Inc.

Mraz Amerine & Associates Inc. lessened its holdings in shares of CNA Financial Co. (NYSE:CNA) by 7.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,358 shares of the insurance provider’s stock after selling 1,356 shares during the quarter. Mraz Amerine & Associates Inc.’s holdings in CNA Financial were worth $692,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CNA. MBM Wealth Consultants LLC purchased a new position in shares of CNA Financial during the 4th quarter worth $249,000. Janiczek Wealth Management LLC raised its holdings in shares of CNA Financial by 28.6% during the 4th quarter. Janiczek Wealth Management LLC now owns 2,716 shares of the insurance provider’s stock worth $115,000 after acquiring an additional 604 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in shares of CNA Financial during the 4th quarter worth $48,000. Wakefield Asset Management LLLP purchased a new position in shares of CNA Financial during the 4th quarter worth $418,000. Finally, New York State Teachers Retirement System purchased a new position in shares of CNA Financial during the 4th quarter worth $99,000. Institutional investors and hedge funds own 98.45% of the company’s stock.

CNA Financial Trading Down 1.0 %

Shares of NYSE CNA traded down $0.45 during trading on Wednesday, reaching $42.82. The stock had a trading volume of 160,883 shares, compared to its average volume of 220,454. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.26 and a current ratio of 0.26. The company has a market cap of $11.60 billion, a P/E ratio of 9.66, a PEG ratio of 1.72 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’s 50-day moving average price is $44.39 and its 200-day moving average price is $42.54.

CNA Financial (NYSE:CNA) last posted its earnings results on Monday, February 5th. The insurance provider reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.23. CNA Financial had a return on equity of 14.33% and a net margin of 9.06%. The firm had revenue of $3.51 billion for the quarter, compared to analyst estimates of $2.95 billion. During the same quarter in the prior year, the company earned $1.01 EPS. On average, equities research analysts predict that CNA Financial Co. will post 5.01 EPS for the current fiscal year.

CNA Financial Increases Dividend

The company also recently announced a None dividend, which was paid on Thursday, March 7th. Investors of record on Tuesday, February 20th were paid a dividend of $2.44 per share. This is a positive change from CNA Financial’s previous None dividend of $1.62. The ex-dividend date was Friday, February 16th. This represents a yield of 3.8%. CNA Financial’s dividend payout ratio is presently 39.73%.

Wall Street Analysts Forecast Growth

CNA has been the topic of several analyst reports. Bank of America lowered CNA Financial from a “neutral” rating to an “underperform” rating and lifted their price target for the stock from $39.00 to $43.00 in a report on Tuesday, February 6th. StockNews.com raised shares of CNA Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, February 14th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of CNA Financial from $48.00 to $50.00 and gave the company a “market perform” rating in a research report on Wednesday, April 10th.

CNA Financial Company 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.