NWQ Investment Management Company LLC Raises Stake in Cna Financial Corp (CNA)
NWQ Investment Management Company LLC lifted its position in shares of Cna Financial Corp (NYSE:CNA) by 6.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 294,335 shares of the insurance provider’s stock after purchasing an additional 18,805 shares during the quarter. NWQ Investment Management Company LLC’s holdings in Cna Financial were worth $15,614,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of the company. Robeco Institutional Asset Management B.V. grew its holdings in shares of Cna Financial by 9.9% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,238,042 shares of the insurance provider’s stock worth $65,681,000 after purchasing an additional 111,646 shares during the period. Acadian Asset Management LLC grew its holdings in shares of Cna Financial by 9.8% during the 4th quarter. Acadian Asset Management LLC now owns 556,913 shares of the insurance provider’s stock worth $29,543,000 after purchasing an additional 49,788 shares during the period. Allianz Asset Management GmbH grew its holdings in shares of Cna Financial by 9.1% during the 4th quarter. Allianz Asset Management GmbH now owns 456,755 shares of the insurance provider’s stock worth $24,232,000 after purchasing an additional 38,071 shares during the period. Systematic Financial Management LP purchased a new stake in shares of Cna Financial during the 4th quarter worth about $23,551,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Cna Financial by 110.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 373,588 shares of the insurance provider’s stock worth $19,819,000 after purchasing an additional 196,288 shares during the period. Institutional investors and hedge funds own 99.64% of the company’s stock.
A number of brokerages have recently issued reports on CNA. ValuEngine upgraded Cna Financial from a “buy” rating to a “strong-buy” rating in a report on Thursday, March 1st. Zacks Investment Research upgraded Cna Financial from a “hold” rating to a “buy” rating and set a $59.00 target price for the company in a report on Thursday, January 4th. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $53.33.
Shares of Cna Financial Corp (NYSE CNA) opened at $52.72 on Wednesday. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.22. Cna Financial Corp has a fifty-two week low of $42.34 and a fifty-two week high of $55.62. The stock has a market capitalization of $14,404.37, a PE ratio of 15.93, a PEG ratio of 2.63 and a beta of 1.19.
Cna Financial (NYSE:CNA) last issued its earnings results on Monday, February 12th. The insurance provider reported $1.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.23. Cna Financial had a return on equity of 7.64% and a net margin of 9.42%. The business had revenue of $2.42 billion during the quarter, compared to analysts’ expectations of $2.36 billion. During the same quarter in the previous year, the business earned $0.82 EPS. research analysts expect that Cna Financial Corp will post 4.04 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 14th. Shareholders of record on Monday, February 26th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date of this dividend is Friday, February 23rd. Cna Financial’s dividend payout ratio is presently 36.25%.
ILLEGAL ACTIVITY NOTICE: “NWQ Investment Management Company LLC Raises Stake in Cna Financial Corp (CNA)” was published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this piece of content on another domain, it was illegally copied and reposted in violation of U.S. & international trademark & copyright law. The original version of this piece of content can be accessed at https://www.thecerbatgem.com/2018/03/14/nwq-investment-management-company-llc-raises-stake-in-cna-financial-corp-cna.html.
Cna Financial 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 Corp (NYSE:CNA).
Receive News & Ratings for Cna Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cna Financial and related companies with MarketBeat.com's FREE daily email newsletter.