Susquehanna International Group LLP Has $1.91 Million Stake in CNA Financial Corporation (CNA)
Susquehanna International Group LLP lifted its stake in CNA Financial Corporation (NYSE:CNA) by 86.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,185 shares of the insurance provider’s stock after buying an additional 18,141 shares during the period. Susquehanna International Group LLP’s holdings in CNA Financial Corporation were worth $1,910,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of CNA. Bank of New York Mellon Corp boosted its position in shares of CNA Financial Corporation by 8.5% in the first quarter. Bank of New York Mellon Corp now owns 308,100 shares of the insurance provider’s stock worth $13,609,000 after buying an additional 24,087 shares during the period. UBS Asset Management Americas Inc. purchased a new stake in shares of CNA Financial Corporation in the first quarter worth about $353,000. Ameriprise Financial Inc. boosted its position in shares of CNA Financial Corporation by 26.1% in the first quarter. Ameriprise Financial Inc. now owns 24,721 shares of the insurance provider’s stock worth $1,092,000 after buying an additional 5,124 shares during the period. Parametric Portfolio Associates LLC boosted its position in shares of CNA Financial Corporation by 38.9% in the first quarter. Parametric Portfolio Associates LLC now owns 139,584 shares of the insurance provider’s stock worth $6,165,000 after buying an additional 39,095 shares during the period. Finally, Raymond James Financial Services Advisors Inc. purchased a new stake in shares of CNA Financial Corporation in the first quarter worth about $227,000. 99.56% of the stock is owned by institutional investors.
Shares of CNA Financial Corporation (NYSE:CNA) traded down 0.6861% during midday trading on Wednesday, hitting $50.3025. The stock had a trading volume of 22,751 shares. The firm has a 50-day moving average price of $49.39 and a 200-day moving average price of $47.86. The firm has a market cap of $13.63 billion, a price-to-earnings ratio of 12.2391 and a beta of 1.25. CNA Financial Corporation has a 1-year low of $34.51 and a 1-year high of $53.67.
CNA Financial Corporation (NYSE:CNA) last posted its earnings results on Monday, July 31st. The insurance provider reported $0.88 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 company had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same period last year, the company earned $0.77 earnings per share. On average, equities analysts anticipate that CNA Financial Corporation will post $3.15 EPS for the current fiscal year.
Several equities research analysts have recently weighed in on CNA shares. Zacks Investment Research downgraded CNA Financial Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. BidaskClub downgraded CNA Financial Corporation from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 13th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $50.00 target price on shares of CNA Financial Corporation in a research report on Thursday, August 3rd. Finally, ValuEngine raised CNA Financial Corporation from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $45.00.
In other news, CFO D Craig Mense sold 23,450 shares of the firm’s stock in a transaction dated 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 sale, the chief financial officer now directly owns 130,548 shares of the company’s stock, valued at $6,874,657.68. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.53% of the company’s stock.
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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