CNA Financial Corp decreased its position in General Cable Corporation (NYSE:BGC) by 10.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 43,886 shares of the industrial products company’s stock after selling 5,070 shares during the quarter. CNA Financial Corp owned 0.09% of General Cable Corporation worth $718,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue increased its stake in General Cable Corporation by 79.0% in the 2nd quarter. State of Alaska Department of Revenue now owns 9,793 shares of the industrial products company’s stock worth $160,000 after acquiring an additional 4,323 shares during the last quarter. Mason Street Advisors LLC increased its stake in General Cable Corporation by 7.6% in the 1st quarter. Mason Street Advisors LLC now owns 11,591 shares of the industrial products company’s stock worth $208,000 after acquiring an additional 819 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its stake in General Cable Corporation by 4.2% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 11,700 shares of the industrial products company’s stock worth $191,000 after acquiring an additional 470 shares during the last quarter. Jane Street Group LLC bought a new stake in General Cable Corporation in the 1st quarter worth approximately $213,000. Finally, Chicago Equity Partners LLC bought a new stake in General Cable Corporation in the 1st quarter worth approximately $232,000. 98.89% of the stock is currently owned by institutional investors and hedge funds.

WARNING: “CNA Financial Corp Trims Holdings in General Cable Corporation (BGC)” was originally posted by Watch List News and is owned by of Watch List News. If you are viewing this article on another domain, it was illegally stolen and republished in violation of international copyright & trademark legislation. The original version of this article can be accessed at https://www.watchlistnews.com/cna-financial-corp-trims-holdings-in-general-cable-corporation-bgc/1559310.html.

General Cable Corporation (BGC) traded up 0.84% during mid-day trading on Wednesday, reaching $18.05. The company’s stock had a trading volume of 28,729 shares. The firm’s 50 day moving average is $17.79 and its 200-day moving average is $17.17. The company’s market cap is $898.06 million. General Cable Corporation has a 12-month low of $11.70 and a 12-month high of $20.80.

General Cable Corporation (NYSE:BGC) last released its earnings results on Wednesday, August 2nd. The industrial products company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.12). The firm had revenue of $943.10 million during the quarter. General Cable Corporation had a negative net margin of 4.80% and a positive return on equity of 13.47%. Equities analysts anticipate that General Cable Corporation will post $0.75 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 8th will be given a $0.18 dividend. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $0.72 annualized dividend and a dividend yield of 4.02%. General Cable Corporation’s dividend payout ratio (DPR) is presently -20.17%.

Separately, BidaskClub downgraded General Cable Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 23rd.

General Cable Corporation Profile

General Cable Corporation is engaged in the development, design, manufacture, marketing and distribution of copper, aluminum and fiber optic wire and cable products for use in the energy, industrial, construction, specialty and communications markets. The Company’s segments include North America, Europe, Latin America, and Africa/Asia Pacific.

Want to see what other hedge funds are holding BGC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Cable Corporation (NYSE:BGC).

Institutional Ownership by Quarter for General Cable Corporation (NYSE:BGC)

Receive News & Ratings for General Cable Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Cable Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.