Great West Life Assurance Co. Can Holds Stake in CNA Financial Corporation (CNA)
Great West Life Assurance Co. Can continued to hold its position in shares of CNA Financial Corporation (NYSE:CNA) during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 6,741 shares of the insurance provider’s stock at the end of the second quarter. Great West Life Assurance Co. Can’s holdings in CNA Financial Corporation were worth $328,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CNA. Parallel Advisors LLC grew its holdings in CNA Financial Corporation by 16.5% during the 1st quarter. Parallel Advisors LLC now owns 3,021 shares of the insurance provider’s stock valued at $136,000 after buying an additional 427 shares in the last quarter. Neuburgh Advisers LLC purchased a new position in CNA Financial Corporation during the 1st quarter valued at approximately $144,000. SG Americas Securities LLC grew its holdings in CNA Financial Corporation by 6.1% during the 1st quarter. SG Americas Securities LLC now owns 3,914 shares of the insurance provider’s stock valued at $173,000 after buying an additional 224 shares in the last quarter. Mckinley Capital Management LLC Delaware purchased a new position in CNA Financial Corporation during the 1st quarter valued at approximately $173,000. Finally, Glen Harbor Capital Management LLC purchased a new position in CNA Financial Corporation during the 1st quarter valued at approximately $197,000. Institutional investors and hedge funds own 99.56% of the company’s stock.
CNA Financial Corporation (NYSE:CNA) opened at 48.52 on Tuesday. CNA Financial Corporation has a 12-month low of $32.36 and a 12-month high of $53.67. The stock has a market cap of $13.15 billion, a PE ratio of 11.81 and a beta of 1.24. The firm’s 50-day moving average price is $50.75 and its 200 day moving average price is $46.93.
CNA Financial Corporation (NYSE:CNA) last announced its earnings results on Monday, July 31st. The insurance provider reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.13. CNA Financial Corporation had a return on equity of 8.40% and a net margin of 11.72%. The business had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.35 billion. During the same quarter in the prior year, the firm earned $0.77 earnings per share. Analysts anticipate that CNA Financial Corporation will post $3.36 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, August 30th. Shareholders of record on Monday, August 14th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.47%. This is a boost from CNA Financial Corporation’s previous quarterly dividend of $0.25. CNA Financial Corporation’s dividend payout ratio is presently 29.20%.
CNA has been the subject of several research analyst reports. Zacks Investment Research cut CNA Financial Corporation from a “buy” rating to a “hold” rating in a report on Friday, May 19th. Keefe, Bruyette & Woods restated a “hold” rating and set a $50.00 price target on shares of CNA Financial Corporation in a report on Thursday, August 3rd. BidaskClub cut CNA Financial Corporation from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 13th. Finally, ValuEngine upgraded CNA Financial Corporation from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $47.00.
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In other CNA Financial Corporation news, CFO D Craig Mense sold 23,450 shares of the stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $52.66, for a total transaction of $1,234,877.00. Following the completion of the transaction, the chief financial officer now owns 130,548 shares of the company’s stock, valued at $6,874,657.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.53% of the stock is owned by corporate insiders.
About CNA Financial Corporation
CNA Financial Corporation is an insurance holding company. The Company’s segments include Specialty, Commercial, International, Life & Group Non-Core, and Corporate & Other Non-Core. Its Specialty segment provides a range of professional, financial, and specialty property, and casualty products and services.
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