Private Management Group Inc. Sells 7,571 Shares of CNA Financial Co. (NYSE:CNA)

Private Management Group Inc. lessened its holdings in CNA Financial Co. (NYSE:CNA) by 2.2% during the 4th quarter, HoldingsChannel reports. The firm owned 329,776 shares of the insurance provider’s stock after selling 7,571 shares during the period. Private Management Group Inc.’s holdings in CNA Financial were worth $15,951,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of CNA. New York State Common Retirement Fund grew its stake in shares of CNA Financial by 366.7% in the 3rd quarter. New York State Common Retirement Fund now owns 1,401,539 shares of the insurance provider’s stock worth $68,591,000 after buying an additional 1,101,217 shares in the last quarter. Jane Street Group LLC grew its position in CNA Financial by 158.0% in the third quarter. Jane Street Group LLC now owns 288,443 shares of the insurance provider’s stock worth $14,116,000 after acquiring an additional 176,649 shares in the last quarter. Edgestream Partners L.P. bought a new stake in CNA Financial during the third quarter worth approximately $7,585,000. Cyndeo Wealth Partners LLC bought a new stake in CNA Financial during the third quarter worth approximately $6,093,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in CNA Financial during the third quarter valued at approximately $1,668,000. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Bank of America lifted their target price on CNA Financial from $45.00 to $48.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. Keefe, Bruyette & Woods dropped their price objective on shares of CNA Financial from $55.00 to $54.00 and set a “market perform” rating for the company in a research note on Friday, January 10th. Finally, StockNews.com raised shares of CNA Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, November 13th.

CNA Financial Stock Up 0.4 %

Shares of NYSE:CNA opened at $48.88 on Thursday. The firm has a market capitalization of $13.24 billion, a PE ratio of 10.18 and a beta of 0.66. The business has a 50 day simple moving average of $48.59 and a two-hundred day simple moving average of $49.04. CNA Financial Co. has a 1 year low of $42.33 and a 1 year high of $52.36. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.26 and a quick ratio of 0.26.

CNA Financial (NYSE:CNA) last posted its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.01. CNA Financial had a return on equity of 13.30% and a net margin of 9.26%. The company had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.15 billion. During the same quarter in the previous year, the business earned $1.06 EPS. On average, equities analysts predict that CNA Financial Co. will post 4.68 EPS for the current year.

CNA Financial Company Profile

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.