Wedbush Securities Inc. maintained its position in CNA Financial Corp. (NYSE:CNA) during the third quarter, Holdings Channel reports. The institutional investor owned 37,466 shares of the company’s stock at the end of the third quarter. Wedbush Securities Inc.’s holdings in CNA Financial Corp. were worth $1,289,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the company. Sei Investments Co. increased its position in CNA Financial Corp. by 1,132.0% in the third quarter. Sei Investments Co. now owns 3,388 shares of the company’s stock worth $116,000 after buying an additional 3,113 shares during the period. Heartland Advisors Inc. purchased a new position in CNA Financial Corp. during the third quarter worth approximately $216,000. Bank of New York Mellon Corp increased its position in CNA Financial Corp. by 2.8% in the third quarter. Bank of New York Mellon Corp now owns 275,159 shares of the company’s stock worth $9,468,000 after buying an additional 7,407 shares during the period. Neuberger Berman Group LLC increased its position in CNA Financial Corp. by 101.4% in the third quarter. Neuberger Berman Group LLC now owns 38,172 shares of the company’s stock worth $1,313,000 after buying an additional 19,219 shares during the period. Finally, Deroy & Devereaux Private Investment Counsel Inc. increased 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 worth $12,462,000 after buying an additional 72,807 shares during the period. 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, hitting $38.67. The company had a trading volume of 8,441 shares. CNA Financial Corp. has a one year low of $27.99 and a one year high of $39.25. The company’s 50 day moving average is $36.66 and its 200 day moving average is $33.41. The firm has a market cap of $10.46 billion, a price-to-earnings ratio of 19.13 and a beta of 1.10.
CNA Financial Corp. (NYSE:CNA) last issued its quarterly earnings results on Monday, October 31st. The company reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.33. CNA Financial Corp. had a return on equity of 5.14% and a net margin of 5.93%. During the same quarter in the prior year, the business earned $0.77 EPS. Equities analysts forecast that CNA Financial Corp. will post $3.00 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Monday, November 14th will be issued a dividend of $0.25 per share. The ex-dividend date is Wednesday, November 9th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.58%. CNA Financial Corp.’s dividend payout ratio is 49.75%.
A number of research firms have recently commented on CNA. Zacks Investment Research upgraded CNA Financial Corp. from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a report on Tuesday, October 18th. Keefe, Bruyette & Woods began coverage on CNA Financial Corp. in a report on Friday, October 7th. They issued a “market perform” rating and a $39.00 price objective on the stock.
About CNA Financial Corp.
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. The Specialty segment provides an array of professional, financial, and specialty property and casualty products and services.