SG Americas Securities LLC Sells 733 Shares of CNA Financial Corporation (CNA)
SG Americas Securities LLC cut its position in shares of CNA Financial Corporation (NYSE:CNA) by 18.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,181 shares of the insurance provider’s stock after selling 733 shares during the quarter. SG Americas Securities LLC’s holdings in CNA Financial Corporation were worth $155,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in CNA. Harbour Capital Advisors LLC increased its position in shares of CNA Financial Corporation by 4,775.0% during the 2nd quarter. Harbour Capital Advisors LLC now owns 227,565 shares of the insurance provider’s stock valued at $4,668,000 after purchasing an additional 222,897 shares during the last quarter. Victory Capital Management Inc. bought a new position in shares of CNA Financial Corporation during the 1st quarter valued at about $6,590,000. Goldman Sachs Group Inc. increased its position in shares of CNA Financial Corporation by 122.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 254,611 shares of the insurance provider’s stock valued at $11,246,000 after purchasing an additional 139,997 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of CNA Financial Corporation by 77.7% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 264,193 shares of the insurance provider’s stock valued at $11,670,000 after purchasing an additional 115,550 shares during the last quarter. Finally, KAMES CAPITAL plc increased its position in shares of CNA Financial Corporation by 749.7% during the 2nd quarter. KAMES CAPITAL plc now owns 124,998 shares of the insurance provider’s stock valued at $6,090,000 after purchasing an additional 110,288 shares during the last quarter. Hedge funds and other institutional investors own 99.56% of the company’s stock.
In related news, CFO D Craig Mense sold 23,450 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $52.66, for a total value of $1,234,877.00. Following the completion of the sale, the chief financial officer now owns 130,548 shares in the company, valued at $6,874,657.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.53% of the stock is currently owned by insiders.
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CNA Financial Corporation (CNA) opened at 49.32 on Friday. CNA Financial Corporation has a 1-year low of $32.50 and a 1-year high of $53.67. The stock has a 50 day moving average price of $50.50 and a 200-day moving average price of $47.18. The stock has a market cap of $13.37 billion, a PE ratio of 12.00 and a beta of 1.24.
CNA Financial Corporation (NYSE:CNA) last announced its quarterly earnings results on Monday, July 31st. The insurance provider reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.13. The firm had revenue of $2.32 billion during the quarter, compared to analyst estimates of $2.35 billion. CNA Financial Corporation had a return on equity of 8.40% and a net margin of 11.72%. During the same quarter in the previous year, the business earned $0.77 earnings per share. On average, equities analysts expect that CNA Financial Corporation will post $3.39 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, August 30th. Investors of record on Monday, August 14th were issued a $0.30 dividend. This is a positive change from CNA Financial Corporation’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.43%. CNA Financial Corporation’s payout ratio is presently 29.20%.
Several brokerages recently weighed in on CNA. BidaskClub upgraded CNA Financial Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th. Zacks Investment Research upgraded CNA Financial Corporation from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a report on Monday, June 5th. Keefe, Bruyette & Woods restated a “hold” rating and set a $50.00 target price on shares of CNA Financial Corporation in a report on Thursday. Finally, ValuEngine upgraded CNA Financial Corporation from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a strong buy rating to the company’s stock. CNA Financial Corporation has a consensus rating of “Hold” and a consensus price target of $47.00.
CNA Financial Corporation 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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