Victory Capital Management Inc. Acquires 9,307 Shares of CNA Financial Corporation (CNA)

Victory Capital Management Inc. grew its holdings in CNA Financial Corporation (NYSE:CNA) by 5.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 181,539 shares of the insurance provider’s stock after acquiring an additional 9,307 shares during the period. Victory Capital Management Inc. owned about 0.07% of CNA Financial Corporation worth $9,122,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. LSV Asset Management boosted its holdings in shares of CNA Financial Corporation by 5.3% in the 2nd quarter. LSV Asset Management now owns 1,424,022 shares of the insurance provider’s stock valued at $69,421,000 after acquiring an additional 71,520 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in shares of CNA Financial Corporation by 60.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,126,396 shares of the insurance provider’s stock valued at $56,601,000 after acquiring an additional 424,158 shares during the last quarter. First Trust Advisors LP boosted its holdings in shares of CNA Financial Corporation by 26.1% in the 3rd quarter. First Trust Advisors LP now owns 770,306 shares of the insurance provider’s stock valued at $38,708,000 after acquiring an additional 159,401 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of CNA Financial Corporation by 3.9% in the 1st quarter. Vanguard Group Inc. now owns 550,006 shares of the insurance provider’s stock valued at $24,294,000 after acquiring an additional 20,462 shares during the last quarter. Finally, State Street Corp boosted its holdings in shares of CNA Financial Corporation by 6.7% in the 2nd quarter. State Street Corp now owns 346,400 shares of the insurance provider’s stock valued at $16,889,000 after acquiring an additional 21,744 shares during the last quarter. 99.81% of the stock is currently owned by institutional investors and hedge funds.

Shares of CNA Financial Corporation (NYSE CNA) opened at $54.67 on Wednesday. CNA Financial Corporation has a twelve month low of $37.88 and a twelve month high of $55.62. The stock has a market cap of $14,757.45, a price-to-earnings ratio of 17.28, a P/E/G ratio of 3.55 and a beta of 1.34. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.22.

CNA Financial Corporation (NYSE:CNA) last announced its quarterly earnings results on Monday, October 30th. The insurance provider reported $0.58 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.85 by ($0.27). CNA Financial Corporation had a return on equity of 7.14% and a net margin of 9.67%. The firm had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.37 billion. During the same period last year, the company posted $1.15 earnings per share. analysts anticipate that CNA Financial Corporation will post 3.07 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 29th. Investors of record on Monday, November 13th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date is Friday, November 10th. CNA Financial Corporation’s dividend payout ratio (DPR) is presently 35.50%.

CNA has been the topic of several recent research reports. Zacks Investment Research downgraded shares of CNA Financial Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. BidaskClub downgraded shares of CNA Financial Corporation from a “buy” rating to a “hold” rating in a report on Friday, August 25th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $55.00 price objective on shares of CNA Financial Corporation in a report on Wednesday, November 1st. Finally, ValuEngine raised shares of CNA Financial Corporation from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. CNA Financial Corporation has a consensus rating of “Hold” and a consensus price target of $50.50.

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CNA Financial Corporation Company Profile

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.

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Institutional Ownership by Quarter for CNA Financial Corporation (NYSE:CNA)

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