BNP Paribas Arbitrage SA raised its holdings in Cna Financial Corp (NYSE:CNA) by 63.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 83,795 shares of the insurance provider’s stock after purchasing an additional 32,595 shares during the period. BNP Paribas Arbitrage SA’s holdings in Cna Financial were worth $3,944,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Janney Montgomery Scott LLC boosted its holdings in Cna Financial by 4.1% in the 2nd quarter. Janney Montgomery Scott LLC now owns 8,802 shares of the insurance provider’s stock valued at $414,000 after purchasing an additional 349 shares during the period. Strs Ohio boosted its holdings in Cna Financial by 10.6% in the 1st quarter. Strs Ohio now owns 11,198 shares of the insurance provider’s stock valued at $485,000 after purchasing an additional 1,071 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in Cna Financial by 18.7% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 13,804 shares of the insurance provider’s stock valued at $598,000 after purchasing an additional 2,173 shares during the period. Martingale Asset Management L P boosted its holdings in Cna Financial by 3.9% in the 1st quarter. Martingale Asset Management L P now owns 91,541 shares of the insurance provider’s stock valued at $3,969,000 after purchasing an additional 3,401 shares during the period. Finally, Pearl River Capital LLC bought a new stake in Cna Financial in the 1st quarter valued at about $156,000. 99.27% of the stock is owned by hedge funds and other institutional investors.
NYSE CNA opened at $46.44 on Friday. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $12.87 billion, a P/E ratio of 14.98, a P/E/G ratio of 2.27 and a beta of 0.83. Cna Financial Corp has a 12-month low of $41.49 and a 12-month high of $48.87. The firm has a 50-day moving average price of $47.75 and a two-hundred day moving average price of $45.63.
Cna Financial (NYSE:CNA) last posted its quarterly earnings data on Monday, August 5th. The insurance provider reported $1.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.06. Cna Financial had a net margin of 8.44% and a return on equity of 7.83%. The firm had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.35 billion. During the same quarter in the previous year, the firm posted $0.99 EPS. Equities analysts expect that Cna Financial Corp will post 4.18 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Monday, August 19th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date of this dividend is Friday, August 16th. Cna Financial’s dividend payout ratio (DPR) is presently 45.16%.
Separately, Zacks Investment Research downgraded shares of Cna Financial from a “hold” rating to a “sell” rating and set a $49.00 price objective for the company. in a report on Tuesday, August 6th.
Cna Financial Company Profile
CNA Financial Corporation provides commercial property and casualty insurance products primarily in the United States. It offers professional liability coverages and risk management services to various professional firms, including architects, real estate agents, and accounting and law firms; directors and officers, employment practices, fiduciary, and fidelity coverages to small and mid-size firms, public and privately held firms, and not-for-profit organizations; professional and general liability, as well as associated standard property and casualty coverages for healthcare industry; surety and fidelity bonds; and warranty and alternative risks products.
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