CNA Financial Corp Acquires 9,044 Shares of Miller Industries, Inc. (NYSE:MLR)

CNA Financial Corp lifted its holdings in Miller Industries, Inc. (NYSE:MLR) by 59.3% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 24,292 shares of the auto parts company’s stock after acquiring an additional 9,044 shares during the quarter. CNA Financial Corp owned 0.21% of Miller Industries worth $809,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Advisory Services Network LLC purchased a new position in Miller Industries during the 2nd quarter valued at $30,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in Miller Industries during the 3rd quarter valued at about $43,000. SG Americas Securities LLC purchased a new stake in Miller Industries during the 2nd quarter valued at about $135,000. Russell Investments Group Ltd. purchased a new stake in Miller Industries during the 3rd quarter valued at about $141,000. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in Miller Industries during the 2nd quarter valued at about $257,000. Hedge funds and other institutional investors own 86.44% of the company’s stock.

MLR stock traded down $0.18 during trading on Wednesday, hitting $35.78. 345 shares of the stock traded hands, compared to its average volume of 38,934. Miller Industries, Inc. has a 1 year low of $25.84 and a 1 year high of $37.70. The firm’s 50 day moving average is $33.51 and its two-hundred day moving average is $31.63. The stock has a market cap of $406.75 million, a price-to-earnings ratio of 10.42 and a beta of 0.96. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.11 and a quick ratio of 1.41.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 9th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 2.01%. The ex-dividend date is Friday, December 6th.

Separately, ValuEngine raised shares of Miller Industries from a “strong sell” rating to a “sell” rating in a research report on Monday, November 4th.

Miller Industries Company Profile

Miller Industries, Inc, together with its subsidiaries, engages in the manufacture and sale of towing and recovery equipment. It offers wreckers that are used to recover and tow disabled vehicles and other equipment; and car carriers, which are specialized flat-bed vehicles with hydraulic tilt mechanisms that are used to transport new or disabled vehicles and other equipment.

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Institutional Ownership by Quarter for Miller Industries (NYSE:MLR)

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