Envestnet Asset Management Inc. decreased its stake in Cna Financial Corp (NYSE:CNA) by 5.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,005 shares of the insurance provider’s stock after selling 482 shares during the period. Envestnet Asset Management Inc.’s holdings in Cna Financial Corp were worth $332,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of CNA. KCG Holdings Inc. increased its stake in Cna Financial Corp by 26.9% in the third quarter. KCG Holdings Inc. now owns 21,703 shares of the insurance provider’s stock worth $747,000 after buying an additional 4,603 shares during the last quarter. LSV Asset Management increased its stake in Cna Financial Corp by 1.4% in the third quarter. LSV Asset Management now owns 807,584 shares of the insurance provider’s stock worth $27,788,000 after buying an additional 10,900 shares during the last quarter. Asset Management One Co. Ltd. bought a new stake in Cna Financial Corp during the fourth quarter worth $204,000. Raiff Partners Inc. bought a new stake in Cna Financial Corp during the fourth quarter worth $3,113,000. Finally, First Trust Advisors LP increased its stake in Cna Financial Corp by 872.4% in the third quarter. First Trust Advisors LP now owns 410,868 shares of the insurance provider’s stock worth $14,138,000 after buying an additional 368,614 shares during the last quarter. Institutional investors and hedge funds own 99.12% of the company’s stock.
Shares of Cna Financial Corp (NYSE:CNA) traded up 0.27% during mid-day trading on Friday, reaching $44.01. 175,508 shares of the company’s stock were exchanged. The stock has a market cap of $11.91 billion, a PE ratio of 13.88 and a beta of 1.12. Cna Financial Corp has a one year low of $29.38 and a one year high of $44.88. The company has a 50 day moving average price of $43.81 and a 200-day moving average price of $40.62.
Cna Financial Corp (NYSE:CNA) last released its quarterly earnings results on Monday, February 6th. The insurance provider reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.04. Cna Financial Corp had a net margin of 9.17% and a return on equity of 7.43%. The business had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $2.34 billion. During the same period last year, the business earned ($0.19) EPS. The company’s revenue was down 3.8% compared to the same quarter last year. On average, analysts predict that Cna Financial Corp will post $3.25 EPS for the current year.
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Separately, Zacks Investment Research upgraded Cna Financial Corp from a “hold” rating to a “strong-buy” rating and set a $47.00 price objective for the company in a report on Tuesday, January 17th.
In related news, CEO Dino Robusto bought 12,000 shares of the stock in a transaction that occurred on Tuesday, February 21st. The stock was bought at an average cost of $41.84 per share, for a total transaction of $502,080.00. Following the purchase, the chief executive officer now directly owns 12,000 shares of the company’s stock, valued at $502,080. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.52% of the stock is currently owned by company insiders.
About Cna Financial Corp
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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