Impact Partnership Wealth LLC Boosts Stock Holdings in CNA Financial Co. (NYSE:CNA)

Impact Partnership Wealth LLC raised its holdings in CNA Financial Co. (NYSE:CNA) by 94.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 16,684 shares of the insurance provider’s stock after purchasing an additional 8,119 shares during the quarter. Impact Partnership Wealth LLC’s holdings in CNA Financial were worth $807,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CNA. MBM Wealth Consultants LLC increased its stake in CNA Financial by 7.9% in the 4th quarter. MBM Wealth Consultants LLC now owns 6,011 shares of the insurance provider’s stock valued at $289,000 after purchasing an additional 439 shares in the last quarter. Uncommon Cents Investing LLC increased its position in shares of CNA Financial by 6.5% in the fourth quarter. Uncommon Cents Investing LLC now owns 24,880 shares of the insurance provider’s stock valued at $1,203,000 after buying an additional 1,515 shares in the last quarter. HB Wealth Management LLC acquired a new position in shares of CNA Financial during the 4th quarter worth $257,000. Merit Financial Group LLC purchased a new stake in shares of CNA Financial in the 4th quarter worth about $208,000. Finally, Burney Co. boosted its position in shares of CNA Financial by 18.7% in the 4th quarter. Burney Co. now owns 13,409 shares of the insurance provider’s stock worth $649,000 after buying an additional 2,117 shares in the last quarter. Institutional investors and hedge funds own 98.45% of the company’s stock.

Insider Activity

In other news, EVP Douglas Worman sold 22,973 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $48.75, for a total transaction of $1,119,933.75. Following the completion of the sale, the executive vice president now owns 133,777 shares of the company’s stock, valued at approximately $6,521,628.75. This trade represents a 14.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.30% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. StockNews.com upgraded shares of CNA Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, November 13th. Keefe, Bruyette & Woods decreased their price objective on CNA Financial from $55.00 to $54.00 and set a “market perform” rating on the stock in a report on Friday, January 10th. Finally, Bank of America upped their target price on CNA Financial from $45.00 to $48.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th.

CNA Financial Price Performance

CNA opened at $48.12 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 50 day moving average of $48.60 and a two-hundred day moving average of $48.89. The company has a market cap of $13.03 billion, a P/E ratio of 10.03, a P/E/G ratio of 6.02 and a beta of 0.67. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.28.

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

CNA Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Monday, November 18th were given a dividend of $0.44 per share. The ex-dividend date was Monday, November 18th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.66%. CNA Financial’s payout ratio is currently 36.67%.

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.