Assetmark Inc. Invests $299,000 in CNA Financial Corporation (CNA) Stock
Assetmark Inc. acquired a new position in shares of CNA Financial Corporation (NYSE:CNA) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 5,942 shares of the insurance provider’s stock, valued at approximately $299,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CNA. Acrospire Investment Management LLC boosted its position in CNA Financial Corporation by 111.1% during the 2nd quarter. Acrospire Investment Management LLC now owns 2,090 shares of the insurance provider’s stock valued at $102,000 after acquiring an additional 1,100 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its position in CNA Financial Corporation by 87.4% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 2,774 shares of the insurance provider’s stock valued at $146,000 after acquiring an additional 1,294 shares in the last quarter. Parallel Advisors LLC boosted its position in CNA Financial Corporation by 3.6% during the 2nd quarter. Parallel Advisors LLC now owns 3,131 shares of the insurance provider’s stock valued at $163,000 after acquiring an additional 110 shares in the last quarter. Koch Industries Inc. bought a new stake in CNA Financial Corporation during the 2nd quarter valued at $203,000. Finally, SG Americas Securities LLC boosted its position in CNA Financial Corporation by 37.9% during the 3rd quarter. SG Americas Securities LLC now owns 4,386 shares of the insurance provider’s stock valued at $220,000 after acquiring an additional 1,205 shares in the last quarter. Institutional investors own 99.84% of the company’s stock.
Shares of CNA Financial Corporation (NYSE:CNA) opened at $53.35 on Friday. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $14,472.71, a price-to-earnings ratio of 16.94, a price-to-earnings-growth ratio of 3.48 and a beta of 1.34. CNA Financial Corporation has a 52-week low of $37.88 and a 52-week high of $55.62.
CNA Financial Corporation (NYSE:CNA) last posted its quarterly earnings data on Monday, October 30th. The insurance provider reported $0.58 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.85 by ($0.27). The business had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.37 billion. CNA Financial Corporation had a return on equity of 7.14% and a net margin of 9.67%. During the same period in the previous year, the business earned $1.15 EPS. equities research analysts forecast that CNA Financial Corporation will post 3.07 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 29th. Stockholders of record on Monday, November 13th will be given a $0.30 dividend. The ex-dividend date of this dividend is Friday, November 10th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.25%. CNA Financial Corporation’s payout ratio is 35.50%.
CNA has been the topic of several recent research reports. BidaskClub cut CNA Financial Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $50.00 target price on shares of CNA Financial Corporation in a research report on Thursday, August 3rd. ValuEngine raised CNA Financial Corporation from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Finally, Zacks Investment Research cut CNA Financial Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $50.25.
About CNA Financial Corporation
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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