Ameriprise Financial Inc. Lowers Stake in CNA Financial Corporation (CNA)

Ameriprise Financial Inc. cut its position in shares of CNA Financial Corporation (NYSE:CNA) by 7.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,933 shares of the insurance provider’s stock after selling 1,788 shares during the period. Ameriprise Financial Inc.’s holdings in CNA Financial Corporation were worth $1,117,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blair William & Co. IL increased its position in shares of CNA Financial Corporation by 1.4% during the second quarter. Blair William & Co. IL now owns 6,484 shares of the insurance provider’s stock valued at $316,000 after purchasing an additional 89 shares during the period. Utah Retirement Systems increased its position in shares of CNA Financial Corporation by 2.0% during the second quarter. Utah Retirement Systems now owns 5,010 shares of the insurance provider’s stock valued at $245,000 after purchasing an additional 100 shares during the period. Parallel Advisors LLC increased its position in shares of CNA Financial Corporation by 3.6% during the second quarter. Parallel Advisors LLC now owns 3,131 shares of the insurance provider’s stock valued at $163,000 after purchasing an additional 110 shares during the period. AMG Funds LLC increased its position in shares of CNA Financial Corporation by 1.2% during the second quarter. AMG Funds LLC now owns 14,504 shares of the insurance provider’s stock valued at $707,000 after purchasing an additional 170 shares during the period. Finally, Principal Financial Group Inc. increased its position in shares of CNA Financial Corporation by 3.6% during the first quarter. Principal Financial Group Inc. now owns 6,228 shares of the insurance provider’s stock valued at $275,000 after purchasing an additional 219 shares during the period. Institutional investors and hedge funds own 99.86% of the company’s stock.

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A number of analysts have recently issued reports on the company. Zacks Investment Research upgraded CNA Financial Corporation from a “hold” rating to a “buy” rating and set a $62.00 price objective on the stock in a research report on Tuesday. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $55.00 price target on shares of CNA Financial Corporation in a research note on Wednesday, November 1st. ValuEngine lowered CNA Financial Corporation from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, BidaskClub lowered CNA Financial Corporation from a “buy” rating to a “hold” rating in a research note on Friday, August 25th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $50.50.

In other CNA Financial Corporation news, CFO D Craig Mense sold 23,450 shares of the business’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $52.66, for a total value of $1,234,877.00. Following the transaction, the chief financial officer now owns 130,548 shares of the company’s stock, valued at $6,874,657.68. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.53% of the stock is currently owned by insiders.

Shares of CNA Financial Corporation (NYSE:CNA) opened at $54.77 on Wednesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.23 and a quick ratio of 0.23. The company has a market capitalization of $14,893.04, a price-to-earnings ratio of 17.43, a P/E/G ratio of 3.58 and a beta of 1.34. CNA Financial Corporation has a one year low of $35.67 and a one year high of $55.33.

CNA Financial Corporation (NYSE:CNA) last posted its quarterly earnings data on Monday, October 30th. The insurance provider reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.27). The business had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.37 billion. CNA Financial Corporation had a return on equity of 7.14% and a net margin of 9.67%. During the same period in the prior year, the firm posted $1.15 EPS. equities analysts forecast that CNA Financial Corporation will post 3.07 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 29th. Shareholders of record on Monday, November 13th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date is Friday, November 10th. CNA Financial Corporation’s dividend payout ratio is currently 35.50%.

CNA Financial Corporation Profile

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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Institutional Ownership by Quarter for CNA Financial Corporation (NYSE:CNA)

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