CNA Financial Corporation $CNA Shares Bought by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. grew its stake in shares of CNA Financial Corporation (NYSE:CNA) by 1,509,521.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 483,079 shares of the insurance provider’s stock after acquiring an additional 483,047 shares during the period. Northwestern Mutual Wealth Management Co. owned about 0.18% of CNA Financial worth $23,062,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Tudor Investment Corp ET AL lifted its position in shares of CNA Financial by 125.1% during the 3rd quarter. Tudor Investment Corp ET AL now owns 164,121 shares of the insurance provider’s stock valued at $7,625,000 after acquiring an additional 91,205 shares during the last quarter. First Trust Advisors LP lifted its position in shares of CNA Financial by 15.2% during the 3rd quarter. First Trust Advisors LP now owns 1,183,892 shares of the insurance provider’s stock valued at $55,004,000 after acquiring an additional 156,077 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of CNA Financial during the 3rd quarter valued at $1,092,000. Assenagon Asset Management S.A. acquired a new stake in shares of CNA Financial during the 4th quarter valued at $2,632,000. Finally, Capula Management Ltd lifted its position in shares of CNA Financial by 24.6% during the 3rd quarter. Capula Management Ltd now owns 109,529 shares of the insurance provider’s stock valued at $5,089,000 after acquiring an additional 21,591 shares during the last quarter. Institutional investors and hedge funds own 98.45% of the company’s stock.

CNA Financial Trading Down 0.3%

CNA Financial stock opened at $44.29 on Wednesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.26 and a quick ratio of 0.26. The company has a market capitalization of $11.98 billion, a price-to-earnings ratio of 9.91, a PEG ratio of 5.74 and a beta of 0.35. CNA Financial Corporation has a one year low of $42.48 and a one year high of $50.72. The company’s fifty day moving average price is $46.18 and its two-hundred day moving average price is $46.74.

CNA Financial (NYSE:CNA) last posted its earnings results on Monday, May 4th. The insurance provider reported $0.83 EPS for the quarter, missing the consensus estimate of $1.30 by ($0.47). CNA Financial had a return on equity of 11.57% and a net margin of 8.08%.The business had revenue of $3.68 billion for the quarter, compared to analyst estimates of $2.93 billion. During the same period in the previous year, the company earned $1.03 earnings per share. On average, analysts forecast that CNA Financial Corporation will post 4.33 earnings per share for the current fiscal year.

CNA Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Shareholders of record on Monday, May 18th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Monday, May 18th. CNA Financial’s dividend payout ratio is 42.95%.

Insider Transactions at CNA Financial

In other CNA Financial news, SVP Jeffrey John Neuenschwander sold 3,287 shares of the company’s stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $45.97, for a total transaction of $151,103.39. Following the completion of the sale, the senior vice president directly owned 7,277 shares in the company, valued at $334,523.69. This represents a 31.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.29% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on CNA. Weiss Ratings downgraded CNA Financial from a “buy (b)” rating to a “buy (b-)” rating in a research report on Wednesday, May 6th. Wall Street Zen downgraded CNA Financial from a “buy” rating to a “hold” rating in a research report on Sunday, February 15th. Finally, Zacks Research downgraded CNA Financial from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold”.

About CNA Financial

CNA Financial Corporation is a leading U.S.-based commercial property and casualty insurance company offering a broad portfolio of risk management and insurance solutions. The company underwrites coverage for businesses of all sizes across a variety of industry sectors, including manufacturing, healthcare, energy, technology, construction and real estate. In addition to core property and casualty insurance, CNA delivers specialized products such as surety bonds, professional liability, environmental liability and commercial auto coverage.

Headquartered in Chicago, Illinois, CNA traces its origins to the founding of Continental Casualty Company in 1897.