New York State Common Retirement Fund Sells 31,601 Shares of CNA Financial Corporation (CNA)
New York State Common Retirement Fund decreased its holdings in CNA Financial Corporation (NYSE:CNA) by 17.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 146,000 shares of the insurance provider’s stock after selling 31,601 shares during the quarter. New York State Common Retirement Fund owned 0.05% of CNA Financial Corporation worth $7,118,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Acrospire Investment Management LLC grew its position in CNA Financial Corporation by 111.1% in the second quarter. Acrospire Investment Management LLC now owns 2,090 shares of the insurance provider’s stock worth $102,000 after buying an additional 1,100 shares during the last quarter. Parallel Advisors LLC grew its position in CNA Financial Corporation by 3.6% in the second quarter. Parallel Advisors LLC now owns 3,131 shares of the insurance provider’s stock worth $163,000 after buying an additional 110 shares during the last quarter. SG Americas Securities LLC grew its position in CNA Financial Corporation by 6.1% in the first quarter. SG Americas Securities LLC now owns 3,914 shares of the insurance provider’s stock worth $173,000 after buying an additional 224 shares during the last quarter. Harbour Capital Advisors LLC acquired a new position in CNA Financial Corporation in the first quarter worth approximately $206,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in CNA Financial Corporation in the first quarter worth approximately $227,000. Hedge funds and other institutional investors own 99.56% of the company’s stock.
CNA has been the topic of several recent research reports. BidaskClub lowered shares of CNA Financial Corporation from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 13th. ValuEngine lowered shares of CNA Financial Corporation from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 2nd. Zacks Investment Research lowered shares of CNA Financial Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $50.00 price target on shares of CNA Financial Corporation in a research report on Thursday, September 21st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. CNA Financial Corporation has an average rating of “Hold” and a consensus price target of $45.00.
In other CNA Financial Corporation news, CFO D Craig Mense sold 23,450 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $52.66, for a total value of $1,234,877.00. Following the completion of the sale, 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 can be accessed through the SEC website. 0.53% of the stock is currently owned by corporate insiders.
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CNA Financial Corporation (CNA) opened at 50.32 on Thursday. CNA Financial Corporation has a 52-week low of $34.51 and a 52-week high of $53.67. The stock has a market capitalization of $13.64 billion, a PE ratio of 12.25 and a beta of 1.25. The firm’s 50-day moving average is $49.37 and its 200 day moving average is $47.88.
CNA Financial Corporation (NYSE:CNA) last announced its quarterly earnings data 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 net margin of 11.72% and a return on equity of 8.40%. The business had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same period in the prior year, the business posted $0.77 earnings per share. On average, equities analysts forecast that CNA Financial Corporation will post $3.15 earnings per share for the current year.
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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