Sei Investments Co. raised its position in CNA Financial Corporation (NYSE:CNA) by 41.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,592 shares of the insurance provider’s stock after acquiring an additional 3,121 shares during the quarter. Sei Investments Co.’s holdings in CNA Financial were worth $533,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Robeco Institutional Asset Management B.V. boosted its stake in shares of CNA Financial by 859.0% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 702,238 shares of the insurance provider’s stock valued at $34,232,000 after buying an additional 629,013 shares during the period. Koch Industries Inc. purchased a new position in shares of CNA Financial in the 2nd quarter valued at about $203,000. First Trust Advisors LP boosted its stake in shares of CNA Financial by 26.1% in the 3rd quarter. First Trust Advisors LP now owns 770,306 shares of the insurance provider’s stock valued at $38,708,000 after buying an additional 159,401 shares during the period. Venturi Wealth Management LLC purchased a new position in shares of CNA Financial in the 2nd quarter valued at about $5,760,000. Finally, First Quadrant L P CA boosted its stake in shares of CNA Financial by 110.5% in the 3rd quarter. First Quadrant L P CA now owns 195,737 shares of the insurance provider’s stock valued at $9,836,000 after buying an additional 102,768 shares during the period. 99.69% of the stock is owned by institutional investors.
Several brokerages have recently issued reports on CNA. ValuEngine cut CNA Financial from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. Zacks Investment Research upgraded CNA Financial from a “hold” rating to a “strong-buy” rating and set a $61.00 price objective for the company in a research note on Tuesday, November 28th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $55.00 target price on shares of CNA Financial in a research note on Wednesday, November 1st. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $54.00.
Shares of CNA Financial Corporation (NYSE:CNA) opened at $53.51 on Monday. The firm has a market capitalization of $14,510.68, a P/E ratio of 16.99, a P/E/G ratio of 3.49 and a beta of 1.32. CNA Financial Corporation has a 52 week low of $39.96 and a 52 week high of $55.62. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.23 and a current ratio of 0.23.
CNA Financial (NYSE:CNA) last posted its earnings results on Monday, October 30th. The insurance provider reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.27). The business had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.37 billion. CNA Financial had a return on equity of 7.14% and a net margin of 9.67%. During the same quarter in the previous year, the firm earned $1.15 EPS. analysts forecast that CNA Financial Corporation will post 3.07 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 29th. Investors of record on Monday, November 13th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.24%. The ex-dividend date of this dividend was Friday, November 10th. CNA Financial’s payout ratio is 35.50%.
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About CNA Financial
CNA Financial Corporation is an insurance holding company. The Company’s segments include Specialty, Commercial, International, Life & Group Non-Core, and Corporate & Other Non-Core. Its Specialty segment provides a range of professional, financial, and specialty property, and casualty products and services.
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