Private Management Group Inc. Decreases Holdings in CNA Financial Corporation (CNA)

Private Management Group Inc. trimmed its holdings in shares of CNA Financial Corporation (NYSE:CNA) by 16.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,009,256 shares of the insurance provider’s stock after selling 203,176 shares during the period. CNA Financial Corporation accounts for about 2.7% of Private Management Group Inc.’s holdings, making the stock its 4th largest holding. Private Management Group Inc. owned about 0.37% of CNA Financial Corporation worth $50,715,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. LSV Asset Management lifted its holdings in shares of CNA Financial Corporation by 5.3% in the 2nd quarter. LSV Asset Management now owns 1,424,022 shares of the insurance provider’s stock valued at $69,421,000 after purchasing an additional 71,520 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in CNA Financial Corporation by 60.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,126,396 shares of the insurance provider’s stock valued at $56,601,000 after buying an additional 424,158 shares in the last quarter. First Trust Advisors LP lifted its stake in CNA Financial Corporation 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 in the last quarter. Vanguard Group Inc. lifted its stake in CNA Financial Corporation by 3.9% in the 1st quarter. Vanguard Group Inc. now owns 550,006 shares of the insurance provider’s stock valued at $24,294,000 after buying an additional 20,462 shares in the last quarter. Finally, Towle & Co. lifted its stake in CNA Financial Corporation by 2.4% in the 3rd quarter. Towle & Co. now owns 469,962 shares of the insurance provider’s stock valued at $23,616,000 after buying an additional 11,227 shares in the last quarter. 99.81% of the stock is owned by institutional investors.

A number of equities research analysts recently issued reports on CNA shares. ValuEngine raised CNA Financial Corporation from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Zacks Investment Research lowered CNA Financial Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. BidaskClub lowered CNA Financial Corporation from a “buy” rating to a “hold” rating in a research note on Friday, August 25th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $50.00 target price on shares of CNA Financial Corporation in a research note on Thursday, September 21st. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $50.50.

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Shares of CNA Financial Corporation (NYSE CNA) traded up $0.25 during trading on Wednesday, hitting $54.67. The company’s stock had a trading volume of 203,400 shares, compared to its average volume of 198,079. CNA Financial Corporation has a one year low of $37.88 and a one year high of $55.62. The stock has a market cap of $14,830.00, a price-to-earnings ratio of 17.28, a PEG ratio of 3.55 and a beta of 1.34. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.22.

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

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 29th. Shareholders of record on Monday, November 13th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.19%. The ex-dividend date of this dividend is Friday, November 10th. CNA Financial Corporation’s dividend payout ratio is presently 35.61%.

CNA Financial Corporation Company 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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