Measured Wealth Private Client Group LLC lifted its position in CNA Financial Co. (NYSE:CNA – Free Report) by 4.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,605 shares of the insurance provider’s stock after buying an additional 578 shares during the period. Measured Wealth Private Client Group LLC’s holdings in CNA Financial were worth $666,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Fairscale Capital LLC bought a new position in shares of CNA Financial in the second quarter worth approximately $55,000. GAMMA Investing LLC lifted its position in CNA Financial by 36.9% during the second quarter. GAMMA Investing LLC now owns 1,566 shares of the insurance provider’s stock valued at $72,000 after purchasing an additional 422 shares during the period. Abich Financial Wealth Management LLC lifted its position in CNA Financial by 39.1% during the first quarter. Abich Financial Wealth Management LLC now owns 1,756 shares of the insurance provider’s stock valued at $80,000 after purchasing an additional 494 shares during the period. Covestor Ltd lifted its position in CNA Financial by 82.0% during the first quarter. Covestor Ltd now owns 1,971 shares of the insurance provider’s stock valued at $90,000 after purchasing an additional 888 shares during the period. Finally, Whittier Trust Co. bought a new position in CNA Financial during the second quarter valued at approximately $92,000. Institutional investors own 98.45% of the company’s stock.
Insider Activity at CNA Financial
In related news, EVP Mark Steven James sold 18,547 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $50.58, for a total transaction of $938,107.26. Following the completion of the transaction, the executive vice president now directly owns 22,917 shares of the company’s stock, valued at approximately $1,159,141.86. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, EVP Mark Steven James sold 18,547 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $50.58, for a total transaction of $938,107.26. Following the completion of the transaction, the executive vice president now directly owns 22,917 shares of the company’s stock, valued at approximately $1,159,141.86. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Elizabeth Ann Aguinaga sold 26,160 shares of the stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $49.60, for a total transaction of $1,297,536.00. Following the transaction, the executive vice president now owns 47,744 shares of the company’s stock, valued at $2,368,102.40. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 49,151 shares of company stock valued at $2,449,311. Corporate insiders own 0.30% of the company’s stock.
CNA Financial Stock Performance
CNA Financial (NYSE:CNA – Get Free Report) last posted its earnings results on Monday, July 29th. The insurance provider reported $1.19 earnings per share for the quarter, meeting the consensus estimate of $1.19. The company had revenue of $3.52 billion during the quarter, compared to analysts’ expectations of $3.08 billion. CNA Financial had a net margin of 9.27% and a return on equity of 14.02%. During the same period last year, the company posted $1.13 earnings per share. Equities analysts anticipate that CNA Financial Co. will post 4.85 earnings per share for the current fiscal year.
Analysts Set New Price Targets
CNA has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods increased their price objective on shares of CNA Financial from $48.00 to $53.00 and gave the company a “market perform” rating in a research report on Thursday, August 1st. Bank of America increased their price objective on shares of CNA Financial from $45.00 to $48.00 and gave the stock an “underperform” rating in a research note on Thursday, October 10th.
Read Our Latest Research Report on CNA
About CNA Financial
CNA Financial Corporation provides commercial property and casualty insurance products in the United States and internationally. 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 and cyber 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 casualty coverages for healthcare industry; surety and fidelity bonds; and warranty and alternative risks products.
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