TIAA CREF Investment Management LLC raised its stake in CNA Financial (NYSE:CNA) by 2.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 74,450 shares of the insurance provider’s stock after purchasing an additional 1,434 shares during the period. TIAA CREF Investment Management LLC’s holdings in CNA Financial were worth $3,950,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also modified their holdings of the company. Wells Fargo & Company MN boosted its holdings in CNA Financial by 15.5% in the third quarter. Wells Fargo & Company MN now owns 42,655 shares of the insurance provider’s stock worth $2,144,000 after acquiring an additional 5,731 shares in the last quarter. OxFORD Asset Management LLP acquired a new stake in CNA Financial in the third quarter worth about $244,000. Stifel Financial Corp acquired a new stake in CNA Financial in the third quarter worth about $384,000. Cubist Systematic Strategies LLC acquired a new stake in CNA Financial in the third quarter worth about $250,000. Finally, California Public Employees Retirement System boosted its holdings in CNA Financial by 2.3% in the third quarter. California Public Employees Retirement System now owns 121,440 shares of the insurance provider’s stock worth $6,102,000 after acquiring an additional 2,700 shares in the last quarter. 99.64% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE CNA opened at $49.92 on Monday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.23 and a quick ratio of 0.23. The stock has a market capitalization of $13,539.20, a price-to-earnings ratio of 14.77, a price-to-earnings-growth ratio of 2.52 and a beta of 1.20. CNA Financial has a fifty-two week low of $43.66 and a fifty-two week high of $55.62.
In related news, EVP Larry A. Haefner sold 7,457 shares of CNA Financial stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $53.25, for a total transaction of $397,085.25. Following the completion of the sale, the executive vice president now owns 42,460 shares of the company’s stock, valued at $2,260,995. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Scott L. Weber sold 1,486 shares of CNA Financial stock in a transaction dated Friday, March 2nd. The stock was sold at an average price of $49.83, for a total value of $74,047.38. Following the sale, the executive vice president now directly owns 2,382 shares of the company’s stock, valued at approximately $118,695.06. The disclosure for this sale can be found here. Insiders own 0.18% of the company’s stock.
Several equities research analysts have weighed in on the company. ValuEngine downgraded CNA Financial from a “strong-buy” rating to a “buy” rating in a report on Wednesday, April 18th. Zacks Investment Research downgraded CNA Financial from a “buy” rating to a “hold” rating in a report on Tuesday, April 17th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $53.33.
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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'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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