ExodusPoint Capital Management LP Has $5.95 Million Position in CNA Financial Co. (NYSE:CNA)

ExodusPoint Capital Management LP grew its position in CNA Financial Co. (NYSE:CNA) by 49.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 123,073 shares of the insurance provider’s stock after purchasing an additional 40,958 shares during the period. ExodusPoint Capital Management LP’s holdings in CNA Financial were worth $5,953,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC raised its stake in CNA Financial by 8.2% during the 4th quarter. Geode Capital Management LLC now owns 322,473 shares of the insurance provider’s stock worth $15,604,000 after buying an additional 24,449 shares during the period. Franklin Resources Inc. increased its holdings in shares of CNA Financial by 43.8% in the fourth quarter. Franklin Resources Inc. now owns 31,269 shares of the insurance provider’s stock worth $1,512,000 after acquiring an additional 9,528 shares in the last quarter. Wellington Management Group LLP raised its position in shares of CNA Financial by 1.5% during the fourth quarter. Wellington Management Group LLP now owns 41,670 shares of the insurance provider’s stock worth $2,016,000 after purchasing an additional 619 shares during the period. O Shaughnessy Asset Management LLC raised its position in shares of CNA Financial by 5.6% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 35,301 shares of the insurance provider’s stock worth $1,708,000 after purchasing an additional 1,866 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of CNA Financial by 36.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 363,389 shares of the insurance provider’s stock valued at $17,577,000 after purchasing an additional 97,180 shares in the last quarter. 98.45% of the stock is owned by institutional investors.

CNA Financial Trading Down 7.4 %

NYSE CNA opened at $47.00 on Friday. CNA Financial Co. has a 52 week low of $42.33 and a 52 week high of $52.36. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.28 and a current ratio of 0.28. The stock’s 50 day moving average price is $49.15 and its two-hundred day moving average price is $48.86. The stock has a market capitalization of $12.70 billion, a price-to-earnings ratio of 13.35, a PEG ratio of 9.23 and a beta of 0.47.

CNA Financial (NYSE:CNA) last announced its quarterly earnings data on Monday, February 10th. The insurance provider reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.11 by $0.14. CNA Financial had a net margin of 6.72% and a return on equity of 12.90%. As a group, analysts anticipate that CNA Financial Co. will post 4.64 earnings per share for the current fiscal year.

CNA Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Monday, February 24th were issued a $0.46 dividend. This is a boost from CNA Financial’s previous quarterly dividend of $0.44. The ex-dividend date was Monday, February 24th. This represents a $1.84 annualized dividend and a dividend yield of 3.92%. CNA Financial’s dividend payout ratio (DPR) is presently 52.27%.

Insider Activity at CNA Financial

In other news, CAO Daniel Paul Franzetti sold 12,991 shares of CNA Financial stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $49.06, for a total value 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 $3,709,524.72. This trade represents a 14.66 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Dino Robusto sold 6,250 shares of the company’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $51.06, for a total transaction of $319,125.00. Following the completion of the sale, the chairman now directly owns 718,088 shares in the company, valued at approximately $36,665,573.28. The trade was a 0.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,491 shares of company stock valued at $1,261,838. 0.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on CNA. StockNews.com downgraded shares of CNA Financial from a “buy” rating to a “hold” rating in a report 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 report on Wednesday, February 12th.

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.