Today: Bislett Management LLC Reached $6,882,000 position of CNA Financial Corp. (CNA)

Today: Bislett Management LLC Reached $6,882,000 position  of CNA Financial Corp. (CNA)

Bislett Management LLC held its stake in CNA Financial Corp. (NYSE:CNA) during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 200,000 shares of the company’s stock at the end of the third quarter. CNA Financial Corp. comprises about 4.6% of Bislett Management LLC’s portfolio, making the stock its 11th largest position. Bislett Management LLC owned 0.07% of CNA Financial Corp. worth $6,882,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of CNA. River Road Asset Management LLC raised its position in CNA Financial Corp. by 86.9% in the third quarter. River Road Asset Management LLC now owns 1,106,398 shares of the company’s stock valued at $38,071,000 after buying an additional 514,415 shares in the last quarter. First Trust Advisors LP raised its position in CNA Financial Corp. by 872.4% in the third quarter. First Trust Advisors LP now owns 410,868 shares of the company’s stock valued at $14,138,000 after buying an additional 368,614 shares in the last quarter. Pacifica Capital Investments LLC raised its position in CNA Financial Corp. by 0.3% in the second quarter. Pacifica Capital Investments LLC now owns 388,306 shares of the company’s stock valued at $12,201,000 after buying an additional 981 shares in the last quarter. Towle & Co. raised its position in CNA Financial Corp. by 1.0% in the second quarter. Towle & Co. now owns 385,282 shares of the company’s stock valued at $12,106,000 after buying an additional 3,860 shares in the last quarter. Finally, Deroy & Devereaux Private Investment Counsel Inc. raised its position in CNA Financial Corp. by 25.2% in the third quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 362,166 shares of the company’s stock valued at $12,462,000 after buying an additional 72,807 shares in the last quarter. Hedge funds and other institutional investors own 99.15% of the company’s stock.

Shares of CNA Financial Corp. (NYSE:CNA) traded down 0.15% during midday trading on Monday, reaching $38.67. 8,441 shares of the company’s stock were exchanged. The stock has a market cap of $10.46 billion, a PE ratio of 19.13 and a beta of 1.10. CNA Financial Corp. has a 12-month low of $27.99 and a 12-month high of $39.25. The stock’s 50 day moving average is $36.66 and its 200-day moving average is $33.41.

CNA Financial Corp. (NYSE:CNA) last released its earnings results on Monday, October 31st. The company reported $1.15 EPS for the quarter, topping the consensus estimate of $0.82 by $0.33. CNA Financial Corp. had a net margin of 5.93% and a return on equity of 5.14%. During the same period in the prior year, the firm earned $0.77 EPS. On average, equities analysts expect that CNA Financial Corp. will post $3.00 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Monday, November 14th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.58%. The ex-dividend date is Wednesday, November 9th. CNA Financial Corp.’s dividend payout ratio (DPR) is presently 49.75%.

CNA has been the topic of several recent research reports. Zacks Investment Research lowered shares of CNA Financial Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, October 4th. Keefe, Bruyette & Woods started coverage on shares of CNA Financial Corp. in a report on Friday, October 7th. They issued a “market perform” rating and a $39.00 price target on the stock.

About CNA Financial Corp.

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