CNA Financial Corporation $CNA Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC decreased its stake in CNA Financial Corporation (NYSE:CNA) by 71.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,514 shares of the insurance provider’s stock after selling 11,460 shares during the quarter. SG Americas Securities LLC’s holdings in CNA Financial were worth $207,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Millennium Management LLC lifted its holdings in CNA Financial by 409.1% in the 3rd quarter. Millennium Management LLC now owns 604,963 shares of the insurance provider’s stock valued at $28,107,000 after purchasing an additional 486,127 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of CNA Financial by 1,509,521.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 483,079 shares of the insurance provider’s stock valued at $23,062,000 after buying an additional 483,047 shares during the last quarter. M&T Bank Corp lifted its stake in shares of CNA Financial by 8,100.7% in the fourth quarter. M&T Bank Corp now owns 484,580 shares of the insurance provider’s stock worth $23,134,000 after buying an additional 478,671 shares in the last quarter. First Trust Advisors LP boosted its position in CNA Financial by 31.8% during the fourth quarter. First Trust Advisors LP now owns 1,560,644 shares of the insurance provider’s stock worth $74,505,000 after acquiring an additional 376,752 shares during the last quarter. Finally, AQR Capital Management LLC grew its stake in CNA Financial by 14.6% during the 4th quarter. AQR Capital Management LLC now owns 2,784,682 shares of the insurance provider’s stock valued at $132,941,000 after acquiring an additional 354,076 shares in the last quarter. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CNA. Zacks Research lowered shares of CNA Financial from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 5th. Weiss Ratings upgraded CNA Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, June 30th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

CNA Financial Trading Up 0.9%

Shares of CNA stock traded up $0.47 during trading on Friday, hitting $51.38. 335,492 shares of the stock traded hands, compared to its average volume of 596,202. The firm has a market capitalization of $13.90 billion, a P/E ratio of 11.50, a price-to-earnings-growth ratio of 7.07 and a beta of 0.28. CNA Financial Corporation has a 52-week low of $41.53 and a 52-week high of $52.86. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.26 and a quick ratio of 0.26. The firm’s fifty day moving average price is $45.54 and its 200-day moving average price is $46.77.

CNA Financial (NYSE:CNA) last posted its earnings results on Monday, May 4th. The insurance provider reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.47). The business had revenue of $3.68 billion for the quarter, compared to analyst estimates of $2.93 billion. CNA Financial had a return on equity of 11.57% and a net margin of 8.08%.During the same period last year, the business earned $1.03 EPS. As a group, research analysts forecast that CNA Financial Corporation will post 4.05 earnings per share for the current fiscal year.

CNA Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, June 4th. Shareholders of record on Monday, May 18th were paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend was Monday, May 18th. CNA Financial’s dividend payout ratio (DPR) is 42.95%.

CNA Financial Profile

CNA Financial Corporation is a leading U.S.-based commercial property and casualty insurance company offering a broad portfolio of risk management and insurance solutions. The company underwrites coverage for businesses of all sizes across a variety of industry sectors, including manufacturing, healthcare, energy, technology, construction and real estate. In addition to core property and casualty insurance, CNA delivers specialized products such as surety bonds, professional liability, environmental liability and commercial auto coverage.

Headquartered in Chicago, Illinois, CNA traces its origins to the founding of Continental Casualty Company in 1897.