AE Wealth Management LLC Sells 16,955 Shares of CNA Financial Corporation $CNA

AE Wealth Management LLC decreased its stake in shares of CNA Financial Corporation (NYSE:CNA) by 50.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 16,485 shares of the insurance provider’s stock after selling 16,955 shares during the quarter. AE Wealth Management LLC’s holdings in CNA Financial were worth $766,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Alpine Bank Wealth Management lifted its stake in CNA Financial by 70.0% in the 3rd quarter. Alpine Bank Wealth Management now owns 556 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 229 shares in the last quarter. Covestor Ltd increased its holdings in shares of CNA Financial by 129.7% in the third quarter. Covestor Ltd now owns 712 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 402 shares during the last quarter. Allworth Financial LP lifted its position in shares of CNA Financial by 102.3% in the second quarter. Allworth Financial LP now owns 785 shares of the insurance provider’s stock worth $37,000 after buying an additional 397 shares in the last quarter. IFP Advisors Inc boosted its stake in CNA Financial by 240.3% during the second quarter. IFP Advisors Inc now owns 878 shares of the insurance provider’s stock valued at $41,000 after buying an additional 620 shares during the last quarter. Finally, State of Wyoming bought a new position in CNA Financial during the second quarter valued at approximately $53,000. 98.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CNA has been the subject of a number of research reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of CNA Financial in a research report on Monday, December 29th. Zacks Research lowered shares of CNA Financial from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 1st. Finally, Wall Street Zen upgraded shares of CNA Financial from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $53.00.

Insiders Place Their Bets

In other CNA Financial news, Chairman Dino Robusto sold 6,250 shares of the firm’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $47.62, for a total transaction of $297,625.00. Following the transaction, the chairman owned 661,838 shares of the company’s stock, valued at approximately $31,516,725.56. This trade represents a 0.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.36% of the stock is currently owned by company insiders.

CNA Financial Trading Up 1.0%

Shares of CNA opened at $48.82 on Wednesday. The firm has a market capitalization of $13.21 billion, a price-to-earnings ratio of 13.37, a PEG ratio of 4.67 and a beta of 0.37. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.28 and a quick ratio of 0.28. CNA Financial Corporation has a 1-year low of $43.29 and a 1-year high of $51.34. The company has a 50-day moving average of $46.81 and a 200 day moving average of $46.54.

CNA Financial (NYSE:CNA) last announced its quarterly earnings results on Monday, November 3rd. The insurance provider reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.25 by $0.25. CNA Financial had a return on equity of 12.78% and a net margin of 6.71%.The firm had revenue of $3.82 billion during the quarter, compared to analyst estimates of $2.84 billion. During the same quarter in the previous year, the business earned $1.08 earnings per share. On average, research analysts expect that CNA Financial Corporation will post 4.64 EPS for the current year.

CNA Financial Profile

CNA Financial Corporation is a leading U.S.-based commercial property and casualty insurance company offering a broad portfolio of risk management and insurance solutions. The company underwrites coverage for businesses of all sizes across a variety of industry sectors, including manufacturing, healthcare, energy, technology, construction and real estate. In addition to core property and casualty insurance, CNA delivers specialized products such as surety bonds, professional liability, environmental liability and commercial auto coverage.

Headquartered in Chicago, Illinois, CNA traces its origins to the founding of Continental Casualty Company in 1897.