Machina Capital S.A.S. Acquires 2,490 Shares of CNA Financial Co. (NYSE:CNA)

Machina Capital S.A.S. grew its holdings in shares of CNA Financial Co. (NYSE:CNA) by 59.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,685 shares of the insurance provider’s stock after acquiring an additional 2,490 shares during the period. Machina Capital S.A.S.’s holdings in CNA Financial were worth $323,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of CNA. True Wealth Design LLC bought a new stake in shares of CNA Financial during the 3rd quarter valued at $36,000. Smartleaf Asset Management LLC grew its position in shares of CNA Financial by 29.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,265 shares of the insurance provider’s stock valued at $61,000 after acquiring an additional 286 shares during the period. Quent Capital LLC grew its position in shares of CNA Financial by 28.3% during the 4th quarter. Quent Capital LLC now owns 1,475 shares of the insurance provider’s stock valued at $71,000 after acquiring an additional 325 shares during the period. GAMMA Investing LLC grew its position in shares of CNA Financial by 16.7% during the 4th quarter. GAMMA Investing LLC now owns 2,051 shares of the insurance provider’s stock valued at $99,000 after acquiring an additional 293 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of CNA Financial during the 3rd quarter valued at $146,000. Institutional investors own 98.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CNA. StockNews.com downgraded shares of CNA Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, February 11th. Keefe, Bruyette & Woods lowered their target price 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 0.3 %

CNA opened at $48.38 on Monday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.28 and a current ratio of 0.28. CNA Financial Co. has a fifty-two week low of $42.33 and a fifty-two week high of $52.36. The firm’s fifty day moving average is $48.56 and its 200 day moving average is $49.08. The stock has a market cap of $13.10 billion, a price-to-earnings ratio of 13.74, a price-to-earnings-growth ratio of 9.23 and a beta of 0.68.

CNA Financial (NYSE:CNA) last released its earnings results on Monday, February 10th. The insurance provider reported $1.25 earnings per share for the quarter, beating 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%. On average, sell-side analysts forecast that CNA Financial Co. will post 4.64 earnings per share for the current fiscal year.

CNA Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Monday, February 24th will be paid a $0.46 dividend. The ex-dividend date is Monday, February 24th. This represents a $1.84 annualized dividend and a yield of 3.80%. This is a boost from CNA Financial’s previous quarterly dividend of $0.44. CNA Financial’s payout ratio is presently 52.27%.

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.