Towle & Co. Has $23.62 Million Position in CNA Financial Corporation (CNA)

Towle & Co. lifted its position in CNA Financial Corporation (NYSE:CNA) by 2.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 469,962 shares of the insurance provider’s stock after buying an additional 11,227 shares during the period. CNA Financial Corporation comprises 2.5% of Towle & Co.’s holdings, making the stock its 21st largest position. Towle & Co. owned 0.17% of CNA Financial Corporation worth $23,616,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Sei Investments Co. increased its holdings in CNA Financial Corporation by 41.8% during the 3rd quarter. Sei Investments Co. now owns 10,592 shares of the insurance provider’s stock worth $533,000 after purchasing an additional 3,121 shares in the last quarter. Prudential Financial Inc. boosted its stake in shares of CNA Financial Corporation by 19.5% during the 3rd quarter. Prudential Financial Inc. now owns 173,911 shares of the insurance provider’s stock worth $8,739,000 after buying an additional 28,400 shares during the last quarter. Stevens Capital Management LP boosted its stake in shares of CNA Financial Corporation by 412.2% during the 3rd quarter. Stevens Capital Management LP now owns 23,437 shares of the insurance provider’s stock worth $1,178,000 after buying an additional 18,861 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of CNA Financial Corporation by 5.4% during the 3rd quarter. Victory Capital Management Inc. now owns 181,539 shares of the insurance provider’s stock worth $9,122,000 after buying an additional 9,307 shares during the last quarter. Finally, First Quadrant L P CA boosted its stake in shares of CNA Financial Corporation by 110.5% during the 3rd quarter. First Quadrant L P CA now owns 195,737 shares of the insurance provider’s stock worth $9,836,000 after buying an additional 102,768 shares during the last quarter. Institutional investors and hedge funds own 99.84% of the company’s stock.

A number of equities analysts have recently commented on the stock. Zacks Investment Research upgraded shares of CNA Financial Corporation from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a research note on Friday. ValuEngine cut shares of CNA Financial Corporation from a “strong-buy” rating to a “buy” rating in a report on Monday, October 2nd. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $50.00 target price on shares of CNA Financial Corporation in a report on Thursday, August 3rd. Finally, BidaskClub cut shares of CNA Financial Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $50.25.

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Shares of CNA Financial Corporation (NYSE:CNA) traded down $0.04 during trading hours on Tuesday, hitting $53.57. 245,500 shares of the stock were exchanged, compared to its average volume of 198,367. The firm has a market capitalization of $14,580.00, a price-to-earnings ratio of 17.02, a PEG ratio of 3.50 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 has a 52 week low of $37.88 and a 52 week high of $55.62.

CNA Financial Corporation (NYSE:CNA) last posted its quarterly 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 company had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.37 billion. CNA Financial Corporation had a net margin of 9.67% and a return on equity of 7.14%. During the same period last year, the firm posted $1.15 earnings per share. research analysts anticipate that CNA Financial Corporation will post 3.07 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 29th. Investors of record on Monday, November 13th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 2.24%. The ex-dividend date is Friday, November 10th. CNA Financial Corporation’s dividend payout ratio (DPR) is presently 35.61%.

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.

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

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