CNA Financial Corp Has $14.93 Million Stake in Citigroup Inc (C)

CNA Financial Corp decreased its position in Citigroup Inc (NYSE:C) by 3.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 205,236 shares of the financial services provider’s stock after selling 8,035 shares during the period. Citigroup makes up 3.8% of CNA Financial Corp’s portfolio, making the stock its 2nd largest position. CNA Financial Corp’s holdings in Citigroup were worth $14,929,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Otter Creek Advisors LLC boosted its stake in Citigroup by 48.5% in the 1st quarter. Otter Creek Advisors LLC now owns 218,000 shares of the financial services provider’s stock worth $13,041,000 after purchasing an additional 71,218 shares during the period. Investment Centers of America Inc. boosted its stake in Citigroup by 4.5% in the 1st quarter. Investment Centers of America Inc. now owns 46,317 shares of the financial services provider’s stock worth $2,772,000 after purchasing an additional 1,977 shares during the period. AQR Capital Management LLC boosted its stake in Citigroup by 19.3% in the 1st quarter. AQR Capital Management LLC now owns 4,035,485 shares of the financial services provider’s stock worth $241,403,000 after purchasing an additional 652,641 shares during the period. National Asset Management Inc. boosted its stake in Citigroup by 3.5% in the 1st quarter. National Asset Management Inc. now owns 29,861 shares of the financial services provider’s stock worth $1,787,000 after purchasing an additional 996 shares during the period. Finally, Shelton Capital Management boosted its stake in Citigroup by 13.9% in the 1st quarter. Shelton Capital Management now owns 60,400 shares of the financial services provider’s stock worth $3,613,000 after purchasing an additional 7,384 shares during the period. 78.54% of the stock is owned by institutional investors.

Shares of Citigroup Inc (C) opened at $74.36 on Wednesday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.11. The stock has a market cap of $196,610.00, a PE ratio of 14.33, a PEG ratio of 1.46 and a beta of 1.55. Citigroup Inc has a fifty-two week low of $55.23 and a fifty-two week high of $77.92.

Citigroup (NYSE:C) last issued its earnings results on Thursday, October 12th. The financial services provider reported $1.42 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.32 by $0.10. The company had revenue of $18.17 billion for the quarter, compared to analysts’ expectations of $17.87 billion. Citigroup had a net margin of 18.11% and a return on equity of 7.48%. Citigroup’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.24 EPS. analysts predict that Citigroup Inc will post 5.28 earnings per share for the current year.

Several equities research analysts have commented on C shares. Bank of America reissued a “neutral” rating on shares of Citigroup in a research report on Wednesday, October 11th. Wells Fargo & Co reissued a “buy” rating on shares of Citigroup in a research report on Monday, October 2nd. Keefe, Bruyette & Woods boosted their price target on shares of Citigroup from $80.00 to $87.00 and gave the stock an “outperform” rating in a research report on Thursday, December 14th. Atlantic Securities reissued an “overweight” rating and set a $85.00 price target (up from $75.00) on shares of Citigroup in a research report on Tuesday, September 26th. Finally, BMO Capital Markets boosted their price target on shares of Citigroup from $65.00 to $67.00 and gave the stock a “market perform” rating in a research report on Friday, October 13th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. Citigroup has an average rating of “Buy” and a consensus target price of $77.88.

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Citigroup Profile

Citigroup Inc (Citi) is a financial services holding company. The Company’s whose businesses provide consumers, corporations, governments and institutions with a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management.

Institutional Ownership by Quarter for Citigroup (NYSE:C)

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