Schwab Charles Investment Management Inc. trimmed its position in Cna Financial Corp (NYSE:CNA) by 17.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 227,160 shares of the insurance provider’s stock after selling 48,291 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.08% of Cna Financial worth $11,415,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Acrospire Investment Management LLC lifted its holdings in shares of Cna Financial by 111.1% in the second quarter. Acrospire Investment Management LLC now owns 2,090 shares of the insurance provider’s stock valued at $102,000 after purchasing an additional 1,100 shares in the last quarter. DekaBank Deutsche Girozentrale raised its holdings in Cna Financial by 87.4% during the third quarter. DekaBank Deutsche Girozentrale now owns 2,774 shares of the insurance provider’s stock worth $146,000 after acquiring an additional 1,294 shares in the last quarter. Koch Industries Inc. bought a new stake in Cna Financial during the second quarter worth about $203,000. SG Americas Securities LLC raised its holdings in Cna Financial by 37.9% during the third quarter. SG Americas Securities LLC now owns 4,386 shares of the insurance provider’s stock worth $220,000 after acquiring an additional 1,205 shares in the last quarter. Finally, Gotham Asset Management LLC bought a new stake in Cna Financial during the second quarter worth about $221,000. Institutional investors own 99.69% of the company’s stock.
Several research firms recently issued reports on CNA. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $50.00 target price on shares of Cna Financial in a report on Thursday, September 21st. ValuEngine lowered Cna Financial from a “strong-buy” rating to a “buy” rating in a report on Monday, October 2nd. Finally, Zacks Investment Research upgraded Cna Financial from a “sell” rating to a “hold” rating in a report on Wednesday, November 1st. Three equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $54.00.
Cna Financial (NYSE:CNA) last announced its quarterly earnings results on Monday, October 30th. The insurance provider reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.27). The business had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.37 billion. Cna Financial had a return on equity of 7.14% and a net margin of 9.67%. During the same period last year, the firm earned $1.15 EPS. analysts expect that Cna Financial Corp will post 3.07 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 29th. Shareholders of record on Monday, November 13th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date of this dividend was Friday, November 10th. Cna Financial’s dividend payout ratio (DPR) is presently 35.61%.
Cna Financial Company 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).
What are top analysts saying about Cna Financial? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Cna Financial and related companies.