CNA Financial Corporation $CNA Shares Sold by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lessened its stake in CNA Financial Corporation (NYSE:CNA) by 48.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,836 shares of the insurance provider’s stock after selling 13,009 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in CNA Financial were worth $649,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in CNA. CORDA Investment Management LLC. boosted its stake in shares of CNA Financial by 2.5% during the 3rd quarter. CORDA Investment Management LLC. now owns 701,884 shares of the insurance provider’s stock worth $32,610,000 after acquiring an additional 17,046 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of CNA Financial by 145.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 214,575 shares of the insurance provider’s stock valued at $9,984,000 after purchasing an additional 127,223 shares in the last quarter. Patrick Mauro Investment Advisor INC. increased its stake in shares of CNA Financial by 13.3% in the 2nd quarter. Patrick Mauro Investment Advisor INC. now owns 145,703 shares of the insurance provider’s stock valued at $6,599,000 after purchasing an additional 17,048 shares in the last quarter. NINE MASTS CAPITAL Ltd acquired a new position in CNA Financial in the 2nd quarter worth about $1,153,000. Finally, Torray Investment Partners LLC boosted its position in CNA Financial by 18.8% during the third quarter. Torray Investment Partners LLC now owns 502,616 shares of the insurance provider’s stock worth $23,352,000 after purchasing an additional 79,698 shares in the last quarter. Institutional investors and hedge funds own 98.45% of the company’s stock.

CNA Financial Trading Up 1.6%

Shares of CNA stock opened at $49.53 on Thursday. CNA Financial Corporation has a fifty-two week low of $43.29 and a fifty-two week high of $51.34. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.28 and a current ratio of 0.28. The stock’s fifty day moving average is $46.86 and its two-hundred day moving average is $46.56. The firm has a market capitalization of $13.41 billion, a P/E ratio of 13.57, a PEG ratio of 4.71 and a beta of 0.37.

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

Wall Street Analyst Weigh In

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

Insider Transactions at CNA Financial

In other CNA Financial news, Chairman Dino Robusto sold 6,250 shares of the stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $47.62, for a total value of $297,625.00. Following the completion of the sale, the chairman owned 661,838 shares in the company, valued at approximately $31,516,725.56. This represents a 0.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.30% of the company’s stock.

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.