Engineers Gate Manager LP boosted its holdings in shares of Cna Financial Corp (NYSE:CNA) by 23.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,361 shares of the insurance provider’s stock after purchasing an additional 4,779 shares during the period. Engineers Gate Manager LP’s holdings in Cna Financial were worth $1,158,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Trexquant Investment LP purchased a new position in Cna Financial during the 2nd quarter valued at about $223,000. Raymond James Trust N.A. increased its holdings in Cna Financial by 42.6% during the 2nd quarter. Raymond James Trust N.A. now owns 6,019 shares of the insurance provider’s stock valued at $275,000 after purchasing an additional 1,799 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Cna Financial during the 2nd quarter valued at about $288,000. Janney Montgomery Scott LLC purchased a new position in shares of Cna Financial during the 2nd quarter worth approximately $309,000. Finally, Jolley Asset Management LLC purchased a new position in shares of Cna Financial during the 3rd quarter worth approximately $320,000. Institutional investors own 99.52% of the company’s stock.
In other Cna Financial news, EVP Larry A. Haefner sold 11,358 shares of the company’s stock in a transaction that occurred on Wednesday, November 7th. The stock was sold at an average price of $47.73, for a total transaction of $542,117.34. Following the transaction, the executive vice president now owns 58,007 shares in the company, valued at approximately $2,768,674.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.18% of the stock is currently owned by corporate insiders.
CNA stock opened at $48.27 on Friday. Cna Financial Corp has a fifty-two week low of $41.92 and a fifty-two week high of $55.39. The company has a current ratio of 0.24, a quick ratio of 0.25 and a debt-to-equity ratio of 0.23. The company has a market cap of $12.81 billion, a price-to-earnings ratio of 14.28, a PEG ratio of 2.23 and a beta of 1.05.
Cna Financial (NYSE:CNA) last posted its earnings results on Monday, November 5th. The insurance provider reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.10. Cna Financial had a return on equity of 9.91% and a net margin of 11.00%. The firm had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.59 billion. During the same quarter in the prior year, the business earned $0.58 EPS. On average, analysts expect that Cna Financial Corp will post 4.18 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 5th. Shareholders of record on Monday, November 19th will be issued a dividend of $0.35 per share. The ex-dividend date is Friday, November 16th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.90%. Cna Financial’s dividend payout ratio (DPR) is 41.42%.
A number of research analysts have weighed in on CNA shares. ValuEngine downgraded Cna Financial from a “hold” rating to a “sell” rating in a report on Friday, August 3rd. Zacks Investment Research upgraded Cna Financial from a “sell” rating to a “hold” rating in a report on Wednesday, August 1st.
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About Cna Financial
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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