Nisa Investment Advisors LLC cut its holdings in Cna Financial Corp (NYSE:CNA) by 18.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,750 shares of the insurance provider’s stock after selling 9,850 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Cna Financial were worth $2,374,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also bought and sold shares of the stock. UBS Asset Management Americas Inc. grew its stake in shares of Cna Financial by 5.2% in the second quarter. UBS Asset Management Americas Inc. now owns 8,415 shares of the insurance provider’s stock worth $410,000 after purchasing an additional 415 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in Cna Financial by 7.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,230 shares of the insurance provider’s stock valued at $401,000 after acquiring an additional 565 shares in the last quarter. Aberdeen Asset Management PLC UK boosted its position in Cna Financial by 7.1% during the 2nd quarter. Aberdeen Asset Management PLC UK now owns 8,743 shares of the insurance provider’s stock valued at $426,000 after acquiring an additional 579 shares in the last quarter. Citigroup Inc. boosted its position in Cna Financial by 3.7% during the 2nd quarter. Citigroup Inc. now owns 17,029 shares of the insurance provider’s stock valued at $830,000 after acquiring an additional 606 shares in the last quarter. Finally, Acrospire Investment Management LLC boosted its position in Cna Financial by 111.1% during the 2nd quarter. Acrospire Investment Management LLC now owns 2,090 shares of the insurance provider’s stock valued at $102,000 after acquiring an additional 1,100 shares in the last quarter. 99.82% of the stock is currently owned by institutional investors.
Several analysts have weighed in on CNA shares. Zacks Investment Research raised Cna Financial from a “hold” rating to a “strong-buy” rating and set a $61.00 price objective on the stock in a research report on Tuesday, November 28th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $55.00 target price on shares of Cna Financial in a report on Wednesday, November 1st. Finally, ValuEngine lowered shares of Cna Financial from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $53.33.
Cna Financial Corp (NYSE:CNA) traded up $0.75 during mid-day trading on Friday, hitting $49.20. 392,994 shares of the stock traded hands, compared to its average volume of 220,659. Cna Financial Corp has a 1 year low of $40.76 and a 1 year high of $55.62. The stock has a market capitalization of $13,341.91, a price-to-earnings ratio of 15.62, a price-to-earnings-growth ratio of 2.61 and a beta of 1.23. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.22.
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Cna Financial 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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