Wealthstar Advisors LLC Makes New $421,000 Investment in CNA Financial Co. (NYSE:CNA)

Wealthstar Advisors LLC purchased a new stake in shares of CNA Financial Co. (NYSE:CNA) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 8,700 shares of the insurance provider’s stock, valued at approximately $421,000.

Several other large investors have also recently modified their holdings of CNA. True Wealth Design LLC purchased a new stake in CNA Financial during the 3rd quarter valued at about $36,000. GAMMA Investing LLC grew its holdings 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 buying an additional 293 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of CNA Financial during the third quarter valued at approximately $146,000. Blue Trust Inc. raised its holdings in CNA Financial by 74.8% in the 3rd quarter. Blue Trust Inc. now owns 3,635 shares of the insurance provider’s stock worth $167,000 after acquiring an additional 1,555 shares during the last quarter. Finally, US Bancorp DE lifted its position in CNA Financial by 26.6% in the 3rd quarter. US Bancorp DE now owns 3,449 shares of the insurance provider’s stock valued at $169,000 after acquiring an additional 725 shares in the last quarter. Hedge funds and other institutional investors own 98.45% of the company’s stock.

CNA Financial Trading Down 1.3 %

Shares of CNA stock opened at $49.01 on Monday. The stock has a market capitalization of $13.27 billion, a P/E ratio of 10.21 and a beta of 0.66. 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 firm’s 50 day moving average is $48.55 and its 200 day moving average is $49.08. CNA Financial Co. has a 12-month low of $42.33 and a 12-month high of $52.36.

Wall Street Analyst Weigh In

A number of analysts have commented on CNA shares. StockNews.com raised CNA Financial from a “hold” rating to a “buy” rating in a report on Wednesday, November 13th. Keefe, Bruyette & Woods reduced their price objective on CNA Financial from $55.00 to $54.00 and set a “market perform” rating for the company in a report on Friday, January 10th.

CNA Financial Company 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.