Axa grew its stake in shares of Cna Financial Corp (NYSE:CNA) by 301.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 120,905 shares of the insurance provider’s stock after buying an additional 90,805 shares during the period. Axa’s holdings in Cna Financial were worth $5,519,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in CNA. Janney Montgomery Scott LLC purchased a new stake in Cna Financial during the second quarter worth about $309,000. BNP Paribas Arbitrage SA increased its holdings in Cna Financial by 1,157.2% during the second quarter. BNP Paribas Arbitrage SA now owns 36,912 shares of the insurance provider’s stock worth $1,686,000 after buying an additional 33,976 shares during the last quarter. Dupont Capital Management Corp purchased a new stake in Cna Financial during the second quarter worth about $2,647,000. Raymond James Financial Services Advisors Inc. increased its holdings in Cna Financial by 17.3% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 11,258 shares of the insurance provider’s stock worth $514,000 after buying an additional 1,658 shares during the last quarter. Finally, Deroy & Devereaux Private Investment Counsel Inc. increased its holdings in Cna Financial by 0.7% during the second quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 359,205 shares of the insurance provider’s stock worth $16,408,000 after buying an additional 2,643 shares during the last quarter. 99.66% of the stock is owned by institutional investors.
A number of research firms recently issued reports on CNA. Zacks Investment Research upgraded shares of Cna Financial from a “sell” rating to a “hold” rating in a report on Tuesday, October 9th. ValuEngine downgraded shares of Cna Financial from a “hold” rating to a “sell” rating in a report on Friday, August 3rd.
CNA opened at $47.20 on Friday. The stock has a market capitalization of $12.56 billion, a PE ratio of 13.96, a price-to-earnings-growth ratio of 2.24 and a beta of 1.05. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.24 and a quick ratio of 0.24. Cna Financial Corp has a twelve month low of $41.92 and a twelve month high of $55.39.
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 the consensus estimate of $1.07 by $0.10. The firm had revenue of $2.62 billion during the quarter, compared to the consensus estimate of $2.59 billion. Cna Financial had a net margin of 11.00% and a return on equity of 9.91%. During the same quarter last year, the company earned $0.58 earnings per share. On average, equities research analysts anticipate that Cna Financial Corp will post 4.14 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 5th. Stockholders of record on Monday, November 19th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Friday, November 16th. This represents a $1.40 annualized dividend and a dividend yield of 2.97%. Cna Financial’s payout ratio is 41.42%.
In other news, EVP Larry A. Haefner sold 11,358 shares of Cna Financial stock in a transaction dated Wednesday, November 7th. The shares were sold at an average price of $47.73, for a total value of $542,117.34. Following the completion of the transaction, the executive vice president now owns 58,007 shares in the company, valued at $2,768,674.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.18% of the stock is owned by company insiders.
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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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