Levin Capital Strategies L.P. Has $1.50 Million Holdings in Cna Financial Corp (CNA)

Levin Capital Strategies L.P. lowered its position in Cna Financial Corp (NYSE:CNA) by 5.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 32,750 shares of the insurance provider’s stock after selling 2,000 shares during the period. Levin Capital Strategies L.P.’s holdings in Cna Financial were worth $1,495,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of CNA. Millennium Management LLC raised its position in shares of Cna Financial by 1,475.5% in the second quarter. Millennium Management LLC now owns 414,898 shares of the insurance provider’s stock worth $18,953,000 after acquiring an additional 388,564 shares during the period. Gradient Investments LLC acquired a new position in shares of Cna Financial in the third quarter worth about $9,395,000. Allianz Asset Management GmbH raised its position in shares of Cna Financial by 43.9% in the first quarter. Allianz Asset Management GmbH now owns 657,337 shares of the insurance provider’s stock worth $32,439,000 after acquiring an additional 200,582 shares during the period. Renaissance Technologies LLC raised its position in shares of Cna Financial by 43.5% in the second quarter. Renaissance Technologies LLC now owns 640,200 shares of the insurance provider’s stock worth $29,244,000 after acquiring an additional 194,100 shares during the period. Finally, First Trust Advisors LP raised its position in shares of Cna Financial by 26.1% in the second quarter. First Trust Advisors LP now owns 800,745 shares of the insurance provider’s stock worth $36,578,000 after acquiring an additional 165,647 shares during the period. Institutional investors and hedge funds own 99.48% of the company’s stock.

CNA opened at $42.57 on Tuesday. Cna Financial Corp has a twelve month low of $41.92 and a twelve month high of $55.62. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.25 and a quick ratio of 0.25. The stock has a market cap of $11.52 billion, a P/E ratio of 11.63, a P/E/G ratio of 2.02 and a beta of 1.10.

Cna Financial (NYSE:CNA) last released its quarterly earnings results on Monday, July 30th. The insurance provider reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.01. Cna Financial had a net margin of 9.32% and a return on equity of 8.43%. The firm had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same quarter in the prior year, the firm earned $0.88 EPS. The company’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, sell-side analysts expect that Cna Financial Corp will post 4.2 earnings per share for the current fiscal year.

Several research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Cna Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, August 1st. ValuEngine downgraded shares of Cna Financial from a “hold” rating to a “sell” rating in a research report on Friday, August 3rd.

About Cna Financial

CNA Financial Corporation provides commercial property and casualty insurance products primarily in the United States. It operates through Specialty, Commercial, International, Life & Group, and Corporate & Other segments. The company's property insurance products include property, marine, boiler, and machinery coverages; and casualty insurance products comprise workers compensation, general and product liability, commercial auto, and umbrella coverages.

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

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