Rhumbline Advisers decreased its holdings in shares of Cna Financial Corp (NYSE:CNA) by 7.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,899 shares of the insurance provider’s stock after selling 2,863 shares during the quarter. Rhumbline Advisers’ holdings in Cna Financial were worth $1,854,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Blair William & Co. IL lifted its position in shares of Cna Financial by 1.4% in the 2nd quarter. Blair William & Co. IL now owns 6,484 shares of the insurance provider’s stock worth $316,000 after acquiring an additional 89 shares during the period. Utah Retirement Systems lifted its position in shares of Cna Financial by 2.0% in the 2nd quarter. Utah Retirement Systems now owns 5,010 shares of the insurance provider’s stock worth $245,000 after acquiring an additional 100 shares during the period. Parallel Advisors LLC lifted its position in shares of Cna Financial by 3.6% in the 2nd quarter. Parallel Advisors LLC now owns 3,131 shares of the insurance provider’s stock worth $163,000 after acquiring an additional 110 shares during the period. AMG Funds LLC lifted its position in shares of Cna Financial by 1.2% in the 2nd quarter. AMG Funds LLC now owns 14,504 shares of the insurance provider’s stock worth $707,000 after acquiring an additional 170 shares during the period. Finally, UBS Asset Management Americas Inc. lifted its position in shares of Cna Financial by 5.2% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 8,415 shares of the insurance provider’s stock worth $410,000 after acquiring an additional 415 shares during the period. Hedge funds and other institutional investors own 99.69% of the company’s stock.
Cna Financial Corp (NYSE:CNA) opened at $53.25 on Wednesday. Cna Financial Corp has a twelve month low of $39.96 and a twelve month high of $55.62. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $14,445.59, a P/E ratio of 16.91, a PEG ratio of 3.48 and a beta of 1.32.
Cna Financial (NYSE:CNA) last issued its earnings results on Monday, October 30th. The insurance provider reported $0.58 earnings per share (EPS) for the quarter, missing the Zacks’ 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 company had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.37 billion. During the same period in the previous year, the company posted $1.15 earnings per share. research analysts predict that Cna Financial Corp will post 3.07 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 29th. Stockholders of record on Monday, November 13th were issued a $0.30 dividend. The ex-dividend date of this dividend was Friday, November 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.25%. Cna Financial’s payout ratio is presently 35.50%.
A number of analysts have commented on the company. ValuEngine downgraded Cna Financial from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. Zacks Investment Research upgraded Cna Financial from a “hold” rating to a “strong-buy” rating and set a $61.00 price objective for the company in a research report on Tuesday, November 28th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $55.00 target price on shares of Cna Financial in a report on Wednesday, November 1st. Three investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $54.00.
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About Cna Financial
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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