True Wealth Design LLC Grows Stock Holdings in CNA Financial Co. (NYSE:CNA)

True Wealth Design LLC lifted its position in shares of CNA Financial Co. (NYSE:CNA) by 60.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,166 shares of the insurance provider’s stock after purchasing an additional 439 shares during the period. True Wealth Design LLC’s holdings in CNA Financial were worth $56,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. EverSource Wealth Advisors LLC raised its stake in CNA Financial by 663.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 771 shares of the insurance provider’s stock worth $37,000 after acquiring an additional 670 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in CNA Financial by 29.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,265 shares of the insurance provider’s stock worth $61,000 after acquiring an additional 286 shares in the last quarter. Quent Capital LLC raised its stake in CNA Financial by 28.3% during the 4th quarter. Quent Capital LLC now owns 1,475 shares of the insurance provider’s stock worth $71,000 after acquiring an additional 325 shares in the last quarter. Quantbot Technologies LP acquired a new stake in CNA Financial during the 4th quarter worth $74,000. Finally, Covestor Ltd raised its stake in CNA Financial by 33.4% during the 4th quarter. Covestor Ltd now owns 2,079 shares of the insurance provider’s stock worth $100,000 after acquiring an additional 521 shares in the last quarter. 98.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CNA. 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 dropped their price objective on shares of CNA Financial from $54.00 to $53.00 and set a “market perform” rating on the stock in a research note on Wednesday, February 12th.

CNA Financial Stock Up 0.7%

CNA stock opened at $49.08 on Friday. The company has a market cap of $13.28 billion, a P/E ratio of 13.94, a P/E/G ratio of 9.23 and a beta of 0.53. CNA Financial Co. has a 52 week low of $42.85 and a 52 week high of $52.36. The company’s 50-day moving average price is $48.46 and its 200 day moving average price is $48.60. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.28.

CNA Financial (NYSE:CNA) last announced its quarterly earnings results on Monday, May 5th. The insurance provider reported $1.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.16 by ($0.13). CNA Financial had a net margin of 6.72% and a return on equity of 12.90%. The business had revenue of $3.63 billion during the quarter, compared to analysts’ expectations of $3.68 billion. During the same period last year, the company earned $1.30 EPS. On average, research analysts expect that CNA Financial Co. will post 4.64 earnings per share for the current fiscal year.

CNA Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Monday, May 19th will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 3.75%. The ex-dividend date is Monday, May 19th. CNA Financial’s payout ratio is 56.10%.

Insider Activity at CNA Financial

In related news, CAO Daniel Paul Franzetti sold 12,991 shares of the company’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $49.06, for a total transaction of $637,338.46. Following the completion of the transaction, the chief accounting officer now owns 75,612 shares of the company’s stock, valued at approximately $3,709,524.72. This represents a 14.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Dino Robusto acquired 3,896 shares of the company’s stock in a transaction dated Thursday, March 13th. The stock was acquired at an average cost of $47.63 per share, with a total value of $185,566.48. Following the transaction, the chairman now directly owns 724,338 shares of the company’s stock, valued at approximately $34,500,218.94. This represents a 0.54% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 31,741 shares of company stock valued at $1,559,401. Company insiders own 0.30% of the company’s stock.

About CNA Financial

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.