Northwest & Ethical Investments L.P. Sells 363 Shares of CNA Financial Co. (NYSE:CNA)

Northwest & Ethical Investments L.P. cut its stake in CNA Financial Co. (NYSE:CNA) by 5.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,773 shares of the insurance provider’s stock after selling 363 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in CNA Financial were worth $331,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Fairscale Capital LLC acquired a new stake in CNA Financial during the second quarter worth approximately $55,000. GAMMA Investing LLC increased its position in CNA Financial by 36.9% during the second quarter. GAMMA Investing LLC now owns 1,566 shares of the insurance provider’s stock worth $72,000 after acquiring an additional 422 shares during the period. Whittier Trust Co. bought a new stake in CNA Financial in the 2nd quarter valued at about $92,000. Blue Trust Inc. acquired a new stake in shares of CNA Financial in the second quarter valued at approximately $94,000. Finally, Abich Financial Wealth Management LLC increased its stake in CNA Financial by 17.3% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 2,059 shares of the insurance provider’s stock worth $95,000 after acquiring an additional 303 shares during the period. Institutional investors and hedge funds own 98.45% of the company’s stock.

Insider Activity at CNA Financial

In related news, EVP Mark Steven James sold 18,547 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $50.58, for a total transaction of $938,107.26. Following the completion of the sale, the executive vice president now owns 22,917 shares of the company’s stock, valued at $1,159,141.86. This trade represents a 44.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Douglas Worman sold 22,973 shares of CNA Financial stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $48.75, for a total value of $1,119,933.75. Following the transaction, the executive vice president now owns 133,777 shares of the company’s stock, valued at $6,521,628.75. This trade represents a 14.66 % decrease in their position. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

CNA has been the topic of a number of recent analyst reports. StockNews.com upgraded CNA Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, November 13th. Bank of America raised their target price on shares of CNA Financial from $45.00 to $48.00 and gave the company an “underperform” rating in a report on Thursday, October 10th. Finally, Keefe, Bruyette & Woods upped their price target on shares of CNA Financial from $54.00 to $55.00 and gave the stock a “market perform” rating in a report on Friday, November 8th.

CNA Financial Stock Up 0.3 %

Shares of NYSE CNA opened at $50.44 on Friday. The stock has a 50-day moving average price of $48.93 and a two-hundred day moving average price of $47.90. CNA Financial Co. has a 12 month low of $40.92 and a 12 month high of $52.36. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.28. The company has a market cap of $13.66 billion, a price-to-earnings ratio of 10.51, a PEG ratio of 6.44 and a beta of 0.65.

CNA Financial (NYSE:CNA) last posted its earnings results on Monday, November 4th. The insurance provider reported $1.08 EPS for the quarter, beating the consensus estimate of $1.07 by $0.01. CNA Financial had a return on equity of 13.30% and a net margin of 9.26%. The firm had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.15 billion. During the same period last year, the company earned $1.06 earnings per share. As a group, analysts forecast that CNA Financial Co. will post 4.68 earnings per share for the current fiscal year.

CNA Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Monday, November 18th will be paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 3.49%. The ex-dividend date is Monday, November 18th. CNA Financial’s payout ratio is currently 36.67%.

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.