Venturi Wealth Management LLC reduced its stake in CNA Financial Corporation (NYSE:CNA) by 11.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 104,912 shares of the insurance provider’s stock after selling 13,250 shares during the period. Venturi Wealth Management LLC’s holdings in CNA Financial were worth $5,316,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of CNA. LSV Asset Management boosted its stake in CNA Financial by 5.3% during the second quarter. LSV Asset Management now owns 1,424,022 shares of the insurance provider’s stock valued at $69,421,000 after buying an additional 71,520 shares during the period. Robeco Institutional Asset Management B.V. boosted its stake in CNA Financial by 60.4% during the third 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 during the period. First Trust Advisors LP boosted its stake in CNA Financial by 26.1% during the third 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. Vanguard Group Inc. boosted its stake in CNA Financial by 3.9% during the first 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 during the period. Finally, Towle & Co. boosted its stake in CNA Financial by 2.4% during the third 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 during the period. 99.69% of the stock is owned by hedge funds and other institutional investors.
Shares of CNA Financial Corporation (NYSE:CNA) opened at $53.92 on Wednesday. The stock has a market capitalization of $14,752.02, a price-to-earnings ratio of 17.27, a P/E/G ratio of 3.55 and a beta of 1.32. CNA Financial Corporation has a 52 week low of $38.75 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 issued its quarterly earnings results on Monday, October 30th. The insurance provider reported $0.58 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by ($0.27). CNA Financial had a return on equity of 7.14% and a net margin of 9.67%. The firm had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.37 billion. During the same period last year, the firm earned $1.15 EPS. equities analysts expect that CNA Financial Corporation will post 3.07 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 29th. Shareholders 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 2.23%. The ex-dividend date of this dividend was Friday, November 10th. CNA Financial’s dividend payout ratio (DPR) is currently 35.50%.
Several equities research analysts recently issued reports on the company. BidaskClub raised CNA Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, August 9th. ValuEngine lowered CNA Financial from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. Zacks Investment Research raised 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 reissued a “hold” rating and set a $50.00 price objective on shares of CNA Financial in a research note on Thursday, September 21st. Three equities research 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 company. The stock currently has an average rating of “Buy” and a consensus price target of $54.00.
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CNA Financial 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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