4,969 Shares in Cna Financial Corp (CNA) Acquired by Cubist Systematic Strategies LLC

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.

Shares of Cna Financial Corp (CNA) opened at $53.05 on Monday. The company has a market cap of $14,385.94, a price-to-earnings ratio of 15.70, a P/E/G ratio of 3.01 and a beta of 1.32. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.22. Cna Financial Corp has a 1-year low of $39.96 and a 1-year high of $55.62.

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.

ILLEGAL ACTIVITY WARNING: “4,969 Shares in Cna Financial Corp (CNA) Acquired by Cubist Systematic Strategies LLC” was first published by Community Financial News and is the sole property of of Community Financial News. If you are viewing this story on another publication, it was copied illegally and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this story can be viewed at https://www.com-unik.info/2018/01/08/4969-shares-in-cna-financial-corp-cna-acquired-by-cubist-systematic-strategies-llc.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.

Institutional Ownership by Quarter for Cna Financial (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.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit