Victory Capital Management Inc. grew its position in shares of CNA Financial Co. (NYSE:CNA – Get Rating) by 41.5% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 762,878 shares of the insurance provider’s stock after purchasing an additional 223,594 shares during the period. Victory Capital Management Inc. owned approximately 0.28% of CNA Financial worth $36,191,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Allworth Financial LP acquired a new position in CNA Financial during the first quarter worth $27,000. Signaturefd LLC lifted its stake in CNA Financial by 103.5% during the first quarter. Signaturefd LLC now owns 578 shares of the insurance provider’s stock worth $28,000 after purchasing an additional 294 shares in the last quarter. Lazard Asset Management LLC acquired a new position in CNA Financial during the fourth quarter worth $39,000. CENTRAL TRUST Co purchased a new stake in shares of CNA Financial during the first quarter worth $45,000. Finally, Covestor Ltd purchased a new stake in shares of CNA Financial during the fourth quarter worth $99,000. 99.04% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Separately, StockNews.com lowered CNA Financial from a “buy” rating to a “hold” rating in a research report on Sunday.
Insider Activity at CNA Financial
CNA Financial Stock Down 3.0 %
CNA Financial stock opened at $41.14 on Tuesday. CNA Financial Co. has a twelve month low of $39.62 and a twelve month high of $50.33. The stock’s fifty day simple moving average is $44.05 and its 200-day simple moving average is $45.78. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $11.16 billion, a P/E ratio of 9.31, a P/E/G ratio of 2.12 and a beta of 0.66.
CNA Financial (NYSE:CNA – Get Rating) last posted its quarterly earnings data on Monday, August 1st. The insurance provider reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.09). CNA Financial had a return on equity of 9.47% and a net margin of 10.09%. During the same period in the previous year, the business posted $1.25 EPS. As a group, equities analysts expect that CNA Financial Co. will post 4 earnings per share for the current fiscal year.
About CNA Financial
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 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.
- Get a free copy of the StockNews.com research report on CNA Financial (CNA)
- MarketBeat Podcast: Find Investing Opportunities For The Rest of 2022
- The Colgate-Palmolive Growth Outlook Brightens
- Deep Value High Yield Newell Brands Is Ready To Bottom
- These Stocks Outperformed Last Time There Was A Recession
- Does Rivian’s Stock Still Have A Future?
Want More Great Investing Ideas?
- Bear Market Game Plan!
- The 10 Best Stocks to Own in 2022
- 7 Stocks to Buy and Hold Forever
- 3 Stocks to DOUBLE This Year
Receive News & Ratings for CNA Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CNA Financial and related companies with MarketBeat.com's FREE daily email newsletter.