Bank of Montreal Can boosted its stake in shares of CNA Financial Corporation (NYSE:CNA) by 0.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 39,028 shares of the insurance provider’s stock after buying an additional 39 shares during the period. Bank of Montreal Can’s holdings in CNA Financial Corporation were worth $1,903,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of CNA. First Trust Advisors LP increased its position in shares of CNA Financial Corporation by 41.6% in the first quarter. First Trust Advisors LP now owns 581,424 shares of the insurance provider’s stock valued at $25,681,000 after buying an additional 170,926 shares in the last quarter. Capital One National Association purchased a new position in shares of CNA Financial Corporation during the first quarter valued at $4,929,000. LSV Asset Management increased its position in shares of CNA Financial Corporation by 17.3% in the first quarter. LSV Asset Management now owns 1,352,502 shares of the insurance provider’s stock valued at $59,740,000 after buying an additional 199,443 shares in the last quarter. Heartland Advisors Inc. increased its position in shares of CNA Financial Corporation by 6.4% in the first quarter. Heartland Advisors Inc. now owns 10,642 shares of the insurance provider’s stock valued at $470,000 after buying an additional 638 shares in the last quarter. Finally, KAMES CAPITAL plc purchased a new position in shares of CNA Financial Corporation during the first quarter valued at $650,000. 99.78% of the stock is currently owned by institutional investors and hedge funds.
Shares of CNA Financial Corporation (NYSE:CNA) traded down 0.08% during trading on Monday, reaching $52.68. 47,004 shares of the company’s stock traded hands. The stock has a market cap of $14.28 billion, a P/E ratio of 12.82 and a beta of 1.23. CNA Financial Corporation has a one year low of $32.03 and a one year high of $53.67. The company has a 50 day moving average price of $50.08 and a 200-day moving average price of $45.79.
CNA Financial Corporation (NYSE:CNA) last announced its quarterly earnings data on Monday, July 31st. The insurance provider reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.13. The company had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.35 billion. CNA Financial Corporation had a return on equity of 8.40% and a net margin of 11.72%. During the same quarter last year, the firm posted $0.77 EPS. On average, equities research analysts expect that CNA Financial Corporation will post $3.41 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 30th. Shareholders of record on Monday, August 14th will be issued a $0.30 dividend. The ex-dividend date is Thursday, August 10th. This represents a $1.20 dividend on an annualized basis and a yield of 2.28%. This is a positive change from CNA Financial Corporation’s previous quarterly dividend of $0.25. CNA Financial Corporation’s dividend payout ratio (DPR) is presently 29.20%.
COPYRIGHT VIOLATION NOTICE: This piece was posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this piece on another domain, it was stolen and reposted in violation of international trademark & copyright laws. The correct version of this piece can be viewed at https://stocknewstimes.com/2017/08/14/bank-of-montreal-can-has-1-90-million-position-in-cna-financial-corporation-cna.html.
Several equities analysts have weighed in on the stock. BidaskClub raised shares of CNA Financial Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $50.00 price target on shares of CNA Financial Corporation in a report on Thursday, August 3rd. Zacks Investment Research downgraded shares of CNA Financial Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Finally, Deutsche Bank AG downgraded shares of CNA Financial Corporation from a “buy” rating to a “hold” rating and lifted their price target for the company from $45.00 to $46.00 in a report on Tuesday, May 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $47.00.
About CNA Financial Corporation
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. Its Specialty segment provides a range of professional, financial, and specialty property, and casualty products and services.
Receive News & Ratings for CNA Financial Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CNA Financial Corporation and related companies with MarketBeat.com's FREE daily email newsletter.
