Northwestern Mutual Wealth Management Co. Has $23.06 Million Stake in CNA Financial Corporation $CNA

Northwestern Mutual Wealth Management Co. grew its stake in CNA Financial Corporation (NYSE:CNA) by 1,509,521.9% during the 4th quarter, HoldingsChannel.com reports. The firm owned 483,079 shares of the insurance provider’s stock after buying an additional 483,047 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in CNA Financial were worth $23,062,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Allworth Financial LP grew its position in CNA Financial by 90.0% during the fourth quarter. Allworth Financial LP now owns 1,813 shares of the insurance provider’s stock worth $87,000 after buying an additional 859 shares in the last quarter. Denali Advisors LLC increased its stake in CNA Financial by 22.4% during the fourth quarter. Denali Advisors LLC now owns 6,020 shares of the insurance provider’s stock valued at $287,000 after acquiring an additional 1,100 shares during the period. Ethic Inc. increased its stake in CNA Financial by 4.8% during the fourth quarter. Ethic Inc. now owns 25,611 shares of the insurance provider’s stock valued at $1,223,000 after acquiring an additional 1,168 shares during the period. CORDA Investment Management LLC. increased its stake in CNA Financial by 2.6% during the fourth quarter. CORDA Investment Management LLC. now owns 720,165 shares of the insurance provider’s stock valued at $34,381,000 after acquiring an additional 18,281 shares during the period. Finally, Sequoia Financial Advisors LLC bought a new position in CNA Financial during the fourth quarter valued at about $398,000. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on CNA shares. Weiss Ratings lowered CNA Financial from a “buy (b)” rating to a “buy (b-)” rating in a research note on Wednesday, May 6th. Wall Street Zen lowered CNA Financial from a “buy” rating to a “hold” rating in a research note on Sunday, February 15th. Finally, Zacks Research lowered CNA Financial from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold”.

CNA Financial Stock Performance

NYSE CNA opened at $44.29 on Wednesday. The firm has a market cap of $11.98 billion, a price-to-earnings ratio of 9.91, a PEG ratio of 5.74 and a beta of 0.35. The company has a 50 day moving average of $46.18 and a 200-day moving average of $46.74. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.27. CNA Financial Corporation has a 1-year low of $42.48 and a 1-year high of $50.72.

CNA Financial (NYSE:CNA) last posted its quarterly earnings data on Monday, May 4th. The insurance provider reported $0.83 earnings per share for the quarter, missing the consensus estimate of $1.30 by ($0.47). The firm had revenue of $3.68 billion for the quarter, compared to analyst estimates of $2.93 billion. CNA Financial had a return on equity of 11.57% and a net margin of 8.08%.During the same period in the previous year, the business posted $1.03 EPS. On average, equities analysts forecast that CNA Financial Corporation will post 4.33 earnings per share for the current fiscal year.

CNA Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 4th. Stockholders of record on Monday, May 18th will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Monday, May 18th. This represents a $1.92 annualized dividend and a dividend yield of 4.3%. CNA Financial’s dividend payout ratio (DPR) is presently 42.95%.

Insider Buying and Selling at CNA Financial

In related news, SVP Jeffrey John Neuenschwander sold 3,287 shares of the firm’s stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $45.97, for a total value of $151,103.39. Following the completion of the sale, the senior vice president owned 7,277 shares of the company’s stock, valued at $334,523.69. This trade represents a 31.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.29% of the company’s stock.

CNA Financial Profile

CNA Financial Corporation is a leading U.S.-based commercial property and casualty insurance company offering a broad portfolio of risk management and insurance solutions. The company underwrites coverage for businesses of all sizes across a variety of industry sectors, including manufacturing, healthcare, energy, technology, construction and real estate. In addition to core property and casualty insurance, CNA delivers specialized products such as surety bonds, professional liability, environmental liability and commercial auto coverage.

Headquartered in Chicago, Illinois, CNA traces its origins to the founding of Continental Casualty Company in 1897.