Jane Street Group LLC purchased a new stake in CNA Financial (NYSE:CNA) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 5,807 shares of the insurance provider’s stock, valued at approximately $308,000.
Other large investors also recently made changes to their positions in the company. Lazard Asset Management LLC bought a new stake in CNA Financial in the fourth quarter valued at $2,060,000. Assetmark Inc. grew its holdings in shares of CNA Financial by 182.3% during the fourth quarter. Assetmark Inc. now owns 16,777 shares of the insurance provider’s stock worth $890,000 after purchasing an additional 10,835 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of CNA Financial by 1.6% during the third quarter. Bank of New York Mellon Corp now owns 321,921 shares of the insurance provider’s stock worth $16,175,000 after purchasing an additional 4,981 shares during the last quarter. Capital Fund Management S.A. bought a new stake in shares of CNA Financial during the fourth quarter worth $297,000. Finally, First Quadrant L P CA grew its holdings in shares of CNA Financial by 45.8% during the fourth quarter. First Quadrant L P CA now owns 285,400 shares of the insurance provider’s stock worth $15,140,000 after purchasing an additional 89,663 shares during the last quarter. Hedge funds and other institutional investors own 99.64% of the company’s stock.
CNA has been the topic of several research analyst reports. ValuEngine upgraded CNA Financial from a “buy” rating to a “strong-buy” rating in a report on Thursday, March 1st. Zacks Investment Research cut CNA Financial from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $53.33.
In related news, EVP Larry A. Haefner sold 7,457 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $53.25, for a total value of $397,085.25. Following the transaction, the executive vice president now owns 42,460 shares in the company, valued at $2,260,995. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Scott L. Weber sold 1,486 shares of the firm’s stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $49.83, for a total value of $74,047.38. Following the completion of the transaction, the executive vice president now owns 2,382 shares in the company, valued at approximately $118,695.06. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by corporate insiders.
Shares of CNA stock opened at $48.80 on Monday. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.22. The firm has a market cap of $13,295.09, a PE ratio of 14.44, a price-to-earnings-growth ratio of 2.47 and a beta of 1.20. CNA Financial has a 52 week low of $43.25 and a 52 week high of $55.62.
CNA Financial (NYSE:CNA) last announced its earnings results on Monday, February 12th. The insurance provider reported $1.05 EPS for the quarter, topping the consensus estimate of $0.82 by $0.23. The company had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.36 billion. CNA Financial had a return on equity of 7.64% and a net margin of 9.42%. During the same quarter in the prior year, the business earned $0.82 earnings per share. equities analysts predict that CNA Financial will post 3.98 EPS for the current year.
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CNA Financial Profile
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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