Connor Clark & Lunn Investment Management Ltd. Buys 24,007 Shares of CNA Financial Co. (NYSE:CNA)

Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of CNA Financial Co. (NYSE:CNA) by 21.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 136,647 shares of the insurance provider’s stock after acquiring an additional 24,007 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in CNA Financial were worth $6,610,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. True Wealth Design LLC purchased a new position in CNA Financial during the third quarter worth about $36,000. EverSource Wealth Advisors LLC lifted its position in shares of 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 buying an additional 670 shares in the last quarter. Smartleaf Asset Management LLC lifted 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 worth $61,000 after buying an additional 286 shares in the last quarter. Quent Capital LLC grew its holdings in shares of CNA Financial by 28.3% in the fourth 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 in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of CNA Financial by 16.7% during the fourth 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 last quarter. 98.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CNA has been the topic of several research analyst reports. StockNews.com cut CNA Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, February 11th. Keefe, Bruyette & Woods cut their price target 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.

CNA Financial Price Performance

CNA Financial stock opened at $49.05 on Friday. The business’s 50 day simple moving average is $48.56 and its 200 day simple moving average is $48.99. CNA Financial Co. has a 12 month low of $42.33 and a 12 month high of $52.36. The company has a market cap of $13.29 billion, a price-to-earnings ratio of 13.93, a PEG ratio of 9.23 and a beta of 0.68. 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 issued its quarterly earnings results on Monday, February 10th. The insurance provider reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.14. CNA Financial had a return on equity of 12.90% and a net margin of 6.72%. Sell-side analysts forecast that CNA Financial Co. will post 4.64 EPS for the current year.

CNA Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Monday, February 24th were paid a $0.46 dividend. This is an increase 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 3.75%. CNA Financial’s dividend payout ratio (DPR) 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.