CNA Financial Corporation $CNA Stake Lowered by River Road Asset Management LLC

River Road Asset Management LLC trimmed its stake in shares of CNA Financial Corporation (NYSE:CNA) by 2.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 843,719 shares of the insurance provider’s stock after selling 20,102 shares during the quarter. River Road Asset Management LLC’s holdings in CNA Financial were worth $40,279,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in CNA. Lloyd Advisory Services LLC. acquired a new position in CNA Financial during the 4th quarter valued at approximately $25,000. Ameriflex Group Inc. increased its position in CNA Financial by 100.0% in the third quarter. Ameriflex Group Inc. now owns 820 shares of the insurance provider’s stock worth $38,000 after buying an additional 410 shares during the period. Rothschild Investment LLC bought a new stake in CNA Financial in the third quarter valued at $48,000. Elevation Wealth Partners LLC bought a new stake in CNA Financial in the fourth quarter valued at $53,000. Finally, State of Wyoming acquired a new position in shares of CNA Financial during the second quarter valued at $53,000. Institutional investors own 98.45% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on CNA shares. Zacks Research lowered shares of CNA Financial from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 5th. Weiss Ratings downgraded shares of CNA Financial from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Reduce”.

CNA Financial Stock Performance

Shares of CNA stock opened at $44.57 on Friday. CNA Financial Corporation has a 12-month low of $41.53 and a 12-month high of $50.72. The firm has a market capitalization of $12.06 billion, a price-to-earnings ratio of 9.97, a price-to-earnings-growth ratio of 6.28 and a beta of 0.30. The business has a 50 day simple moving average of $45.13 and a 200 day simple moving average of $46.44. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.26 and a quick ratio of 0.26.

CNA Financial (NYSE:CNA) last posted its earnings results on Monday, May 4th. The insurance provider reported $0.83 EPS for the quarter, missing the consensus estimate of $1.30 by ($0.47). The business had revenue of $3.68 billion during the quarter, compared to analyst estimates of $2.93 billion. CNA Financial had a net margin of 8.08% and a return on equity of 11.57%. During the same quarter in the prior year, the business earned $1.03 earnings per share. On average, equities research analysts anticipate that CNA Financial Corporation will post 4.03 EPS for the current year.

CNA Financial Announces Dividend

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

About CNA Financial

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.