Nisa Investment Advisors LLC grew its holdings in shares of Cna Financial Corp (NYSE:CNA) by 44.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 52,000 shares of the insurance provider’s stock after acquiring an additional 16,100 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Cna Financial were worth $2,296,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Millennium Management LLC boosted its holdings in shares of Cna Financial by 1,475.5% during the 2nd quarter. Millennium Management LLC now owns 414,898 shares of the insurance provider’s stock worth $18,953,000 after buying an additional 388,564 shares in the last quarter. Gradient Investments LLC bought a new position in shares of Cna Financial during the 3rd quarter worth approximately $9,395,000. Schroder Investment Management Group lifted its holdings in shares of Cna Financial by 317.0% in the 3rd quarter. Schroder Investment Management Group now owns 268,402 shares of the insurance provider’s stock worth $12,253,000 after purchasing an additional 204,032 shares in the last quarter. Donald Smith & CO. Inc. lifted its holdings in shares of Cna Financial by 10.6% in the 3rd quarter. Donald Smith & CO. Inc. now owns 2,072,389 shares of the insurance provider’s stock worth $94,605,000 after purchasing an additional 198,819 shares in the last quarter. Finally, River Road Asset Management LLC lifted its holdings in shares of Cna Financial by 28.7% in the 3rd quarter. River Road Asset Management LLC now owns 692,376 shares of the insurance provider’s stock worth $31,607,000 after purchasing an additional 154,381 shares in the last quarter. 99.64% of the stock is owned by institutional investors.
Separately, Zacks Investment Research cut Cna Financial from a “hold” rating to a “sell” rating in a report on Friday, January 18th.
Shares of CNA traded up $0.70 during trading hours on Friday, reaching $44.53. The stock had a trading volume of 260,128 shares, compared to its average volume of 290,438. The stock has a market cap of $12.09 billion, a P/E ratio of 14.36, a P/E/G ratio of 2.12 and a beta of 0.92. Cna Financial Corp has a 12 month low of $41.49 and a 12 month high of $54.70. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.23.
Cna Financial (NYSE:CNA) last released its quarterly earnings results on Monday, February 11th. The insurance provider reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.89). The company had revenue of $2.22 billion during the quarter, compared to analysts’ expectations of $2.59 billion. Cna Financial had a net margin of 8.02% and a return on equity of 7.38%. During the same period in the previous year, the company posted $1.05 earnings per share. On average, analysts expect that Cna Financial Corp will post 4.14 EPS for the current year.
The business also recently declared a special dividend, which will be paid on Thursday, March 14th. Investors of record on Monday, February 25th will be given a $2.00 dividend. This represents a yield of 3.24%. The ex-dividend date is Friday, February 22nd. Cna Financial’s payout ratio is currently 45.16%.
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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