Cna Financial Corp (CNA) Holdings Trimmed by Gradient Investments LLC

Gradient Investments LLC lessened its stake in shares of Cna Financial Corp (NYSE:CNA) by 14.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 170,571 shares of the insurance provider’s stock after selling 29,050 shares during the quarter. Gradient Investments LLC owned about 0.06% of Cna Financial worth $7,394,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Millennium Management LLC grew its holdings in Cna Financial by 23.0% during the 4th quarter. Millennium Management LLC now owns 371,286 shares of the insurance provider’s stock valued at $16,392,000 after buying an additional 69,504 shares in the last quarter. Meeder Asset Management Inc. purchased a new position in shares of Cna Financial during the fourth quarter worth about $26,000. Wells Fargo & Company MN grew its holdings in shares of Cna Financial by 2.6% during the third quarter. Wells Fargo & Company MN now owns 113,520 shares of the insurance provider’s stock worth $5,182,000 after purchasing an additional 2,911 shares in the last quarter. Pacifica Capital Investments LLC grew its holdings in shares of Cna Financial by 11.3% during the fourth quarter. Pacifica Capital Investments LLC now owns 73,872 shares of the insurance provider’s stock worth $3,261,000 after purchasing an additional 7,504 shares in the last quarter. Finally, Legal & General Group Plc grew its holdings in shares of Cna Financial by 7.8% during the third quarter. Legal & General Group Plc now owns 99,095 shares of the insurance provider’s stock worth $4,524,000 after purchasing an additional 7,211 shares in the last quarter. 99.66% of the stock is owned by institutional investors and hedge funds.

Separately, Zacks Investment Research lowered Cna Financial from a “hold” rating to a “sell” rating in a report on Friday, January 18th.

Shares of NYSE CNA traded up $0.46 during midday trading on Thursday, hitting $44.23. 2,963 shares of the company’s stock were exchanged, compared to its average volume of 283,449. Cna Financial Corp has a 12-month low of $41.49 and a 12-month high of $51.46. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $11.88 billion, a price-to-earnings ratio of 14.27, a PEG ratio of 2.17 and a beta of 0.87.

Cna Financial (NYSE:CNA) last issued its quarterly earnings data on Monday, February 11th. The insurance provider reported ($0.08) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by ($0.89). The business had revenue of $2.22 billion for the quarter, compared to analysts’ expectations of $2.59 billion. Cna Financial had a return on equity of 7.42% and a net margin of 8.02%. During the same period in the previous year, the firm posted $1.05 EPS. On average, analysts predict that Cna Financial Corp will post 3.98 earnings per share for the current year.

The company also recently announced a special dividend, which was paid on Thursday, March 14th. Investors of record on Monday, February 25th were given a $2.00 dividend. The ex-dividend date was Friday, February 22nd. This represents a yield of 3.24%. Cna Financial’s payout ratio is 45.16%.

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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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Institutional Ownership by Quarter for Cna Financial (NYSE:CNA)

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