Man Group plc decreased its holdings in Cna Financial Corp (NYSE:CNA) by 31.6% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 96,453 shares of the insurance provider’s stock after selling 44,648 shares during the quarter. Man Group plc’s holdings in Cna Financial were worth $4,403,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently made changes to their positions in CNA. Hilltop Holdings Inc. purchased a new stake in Cna Financial in the 3rd quarter worth about $202,000. Virtu Financial LLC purchased a new stake in Cna Financial in the 3rd quarter worth about $223,000. Campbell & CO Investment Adviser LLC purchased a new stake in Cna Financial in the 3rd quarter worth about $228,000. Capital Fund Management S.A. acquired a new position in Cna Financial in the 3rd quarter worth about $288,000. Finally, Jolley Asset Management LLC acquired a new position in Cna Financial in the 3rd quarter worth about $320,000. 99.66% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE CNA opened at $44.86 on Friday. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.23. The stock has a market cap of $12.00 billion, a PE ratio of 13.27, a P/E/G ratio of 2.05 and a beta of 1.00. Cna Financial Corp has a 52 week low of $41.49 and a 52 week high of $55.39.
Cna Financial (NYSE:CNA) last released its earnings results on Monday, November 5th. The insurance provider reported $1.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.07 by $0.10. The firm had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.59 billion. Cna Financial had a return on equity of 9.91% and a net margin of 11.00%. During the same quarter last year, the firm posted $0.58 EPS. Research analysts expect that Cna Financial Corp will post 4.14 earnings per share for the current year.
Separately, Zacks Investment Research raised Cna Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, October 9th.
In other Cna Financial news, EVP Larry A. Haefner sold 11,358 shares of the firm’s stock in a transaction that occurred on Wednesday, November 7th. The stock was sold at an average price of $47.73, for a total value of $542,117.34. Following the completion of the sale, the executive vice president now owns 58,007 shares in the company, valued at approximately $2,768,674.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.18% of the stock is currently owned by company insiders.
Cna Financial Profile
CNA Financial Corporation provides commercial property and casualty insurance products primarily in the United States. It operates through Specialty, Commercial, International, Life & Group, and Corporate & Other segments. The company’s property insurance products include property, marine, boiler, and machinery coverages; and casualty insurance products comprise workers compensation, general and product liability, commercial auto, and umbrella coverages.
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