Zacks Investment Management acquired a new stake in shares of CNA Financial Corporation (NYSE:CNA) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 37,585 shares of the insurance provider’s stock, valued at approximately $1,832,000.

Other institutional investors also recently added to or reduced their stakes in the company. Acrospire Investment Management LLC raised its position in shares of CNA Financial Corporation by 111.1% during the second quarter. Acrospire Investment Management LLC now owns 2,090 shares of the insurance provider’s stock valued at $102,000 after buying an additional 1,100 shares during the last quarter. Parallel Advisors LLC raised its position in shares of CNA Financial Corporation by 16.5% during the first 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 during the last quarter. SG Americas Securities LLC raised its position in shares of CNA Financial Corporation by 6.1% during the first 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 during the last quarter. Harbour Capital Advisors LLC bought a new stake in shares of CNA Financial Corporation during the first quarter valued at approximately $206,000. Finally, Rafferty Asset Management LLC bought a new stake in shares of CNA Financial Corporation during the first quarter valued at approximately $217,000. Hedge funds and other institutional investors own 99.56% of the company’s stock.

CNA Financial Corporation (NYSE:CNA) opened at 50.25 on Friday. The stock has a market capitalization of $13.62 billion, a price-to-earnings ratio of 12.23 and a beta of 1.24. The company has a 50 day moving average of $50.50 and a 200-day moving average of $47.18. CNA Financial Corporation has a 12-month low of $32.50 and a 12-month high of $53.67.

CNA Financial Corporation (NYSE:CNA) last announced its earnings results on Monday, July 31st. The insurance provider reported $0.88 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.75 by $0.13. The business had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.35 billion. CNA Financial Corporation had a return on equity of 8.40% and a net margin of 11.72%. During the same period in the prior year, the company posted $0.77 EPS. On average, equities research analysts forecast that CNA Financial Corporation will post $3.39 earnings per share for the current year.

Several equities research analysts have recently issued reports on CNA shares. BidaskClub cut shares of CNA Financial Corporation from a “buy” rating to a “hold” rating in a research report on Friday, August 25th. Zacks Investment Research cut shares of CNA Financial Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 9th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $50.00 target price on shares of CNA Financial Corporation in a report on Thursday, September 21st. Finally, ValuEngine raised shares of CNA Financial Corporation from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a strong buy rating to the company’s stock. CNA Financial Corporation currently has a consensus rating of “Hold” and a consensus price target of $47.00.

In related news, CFO D Craig Mense sold 23,450 shares of the stock in a transaction on Monday, August 14th. The stock was sold at an average price of $52.66, for a total value of $1,234,877.00. Following the completion of the transaction, the chief financial officer now directly owns 130,548 shares of the company’s stock, valued at approximately $6,874,657.68. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.53% of the stock is currently owned by corporate insiders.

COPYRIGHT VIOLATION WARNING: “Zacks Investment Management Acquires Shares of 37,585 CNA Financial Corporation (CNA)” was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this story on another publication, it was illegally copied and reposted in violation of US and international trademark & copyright law. The legal version of this story can be read at https://www.thecerbatgem.com/2017/09/30/zacks-investment-management-acquires-shares-of-37585-cna-financial-corporation-cna.html.

CNA Financial Corporation Company Profile

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.

Institutional Ownership by Quarter for CNA Financial Corporation (NYSE:CNA)

Receive News & Stock Ratings for CNA Financial Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CNA Financial Corporation and related stocks with our FREE daily email newsletter.