Thrivent Financial For Lutherans acquired a new position in CNA Financial Corporation (NYSE:CNA) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 29,208 shares of the insurance provider’s stock, valued at approximately $1,423,000.

A number of other hedge funds have also recently made changes to their positions in CNA. Bank of America Corp DE lifted its position in CNA Financial Corporation by 0.5% during the 1st quarter. Bank of America Corp DE now owns 693,798 shares of the insurance provider’s stock valued at $30,645,000 after purchasing an additional 3,408 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in shares of CNA Financial Corporation by 77.7% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 264,193 shares of the insurance provider’s stock valued at $11,670,000 after purchasing an additional 115,550 shares during the last quarter. Vanguard Group Inc. grew its position in shares of CNA Financial Corporation by 3.9% during the 1st quarter. Vanguard Group Inc. now owns 550,006 shares of the insurance provider’s stock worth $24,294,000 after buying an additional 20,462 shares during the period. Prudential Financial Inc. acquired a new stake in shares of CNA Financial Corporation during the 1st quarter worth approximately $3,661,000. Finally, Victory Capital Management Inc. grew its position in shares of CNA Financial Corporation by 15.4% during the 2nd quarter. Victory Capital Management Inc. now owns 172,232 shares of the insurance provider’s stock worth $8,396,000 after buying an additional 23,040 shares during the period. Hedge funds and other institutional investors own 99.56% of the company’s stock.

A number of equities research analysts recently weighed in on the stock. BidaskClub raised shares of CNA Financial Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, August 9th. ValuEngine cut shares of CNA Financial Corporation from a “strong-buy” rating to a “buy” rating in a research note on Monday. Zacks Investment Research raised shares of CNA Financial Corporation from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a research note on Monday, June 5th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $50.00 price objective on shares of CNA Financial Corporation in a research note on Thursday, September 21st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. CNA Financial Corporation presently has an average rating of “Hold” and a consensus price target of $47.00.

In other CNA Financial Corporation news, CFO D Craig Mense sold 23,450 shares of CNA Financial Corporation stock in a transaction dated 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 transaction, the chief financial officer now directly owns 130,548 shares of the company’s stock, valued at approximately $6,874,657.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.53% of the stock is owned by company insiders.

ILLEGAL ACTIVITY WARNING: This news story was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this news story on another domain, it was copied illegally and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this news story can be read at https://www.thecerbatgem.com/2017/10/03/29208-shares-in-cna-financial-corporation-cna-purchased-by-thrivent-financial-for-lutherans.html.

Shares of CNA Financial Corporation (CNA) opened at 50.67 on Tuesday. The company has a 50-day moving average price of $49.66 and a 200-day moving average price of $47.56. The company has a market cap of $13.73 billion, a P/E ratio of 12.33 and a beta of 1.25. CNA Financial Corporation has a 12-month low of $33.98 and a 12-month high of $53.67.

CNA Financial Corporation (NYSE:CNA) last issued its quarterly earnings data on Monday, July 31st. The insurance provider reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.13. CNA Financial Corporation had a net margin of 11.72% and a return on equity of 8.40%. The company had revenue of $2.32 billion for the quarter, compared to analysts’ expectations of $2.35 billion. During the same quarter in the previous year, the firm posted $0.77 earnings per share. On average, analysts predict that CNA Financial Corporation will post $3.39 earnings per share for the current year.

CNA Financial Corporation 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.

Want to see what other hedge funds are holding CNA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CNA Financial Corporation (NYSE:CNA).

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.