Cubist Systematic Strategies LLC acquired a new stake in shares of Cna Financial Corp (NYSE:CNA) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 4,969 shares of the insurance provider’s stock, valued at approximately $250,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Caxton Associates LP acquired a new position in shares of Cna Financial in the 3rd quarter valued at $538,000. Vident Investment Advisory LLC acquired a new position in shares of Cna Financial in the 3rd quarter valued at $2,230,000. Cornerstone Capital Management Holdings LLC. lifted its stake in shares of Cna Financial by 2,021.6% in the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 103,067 shares of the insurance provider’s stock valued at $5,178,000 after purchasing an additional 98,209 shares during the period. Magnetar Financial LLC acquired a new position in shares of Cna Financial in the 3rd quarter valued at $204,000. Finally, AMP Capital Investors Ltd acquired a new position in shares of Cna Financial in the 3rd quarter valued at $911,000. Institutional investors and hedge funds own 99.69% of the company’s stock.
Several research firms recently issued reports on CNA. Zacks Investment Research cut shares of Cna Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $50.00 target price on shares of Cna Financial in a research note on Thursday, September 21st. Finally, ValuEngine cut shares of Cna Financial from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 2nd. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $53.33.
Cna Financial (NYSE:CNA) last issued its quarterly earnings results on Monday, October 30th. The insurance provider reported $0.58 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.27). The company had revenue of $2.42 billion during the quarter, compared to analysts’ expectations 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 in the previous year, the firm posted $1.15 EPS. analysts expect that Cna Financial Corp will post 3.07 earnings per share for the current year.
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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.
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