Jolley Asset Management LLC Buys New Holdings in Cna Financial Corp (CNA)

Jolley Asset Management LLC bought a new stake in Cna Financial Corp (NYSE:CNA) during the third quarter, Holdings Channel reports. The institutional investor bought 7,000 shares of the insurance provider’s stock, valued at approximately $320,000.

Other large investors also recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA increased its holdings in shares of Cna Financial by 395.1% in the first quarter. BNP Paribas Arbitrage SA now owns 2,936 shares of the insurance provider’s stock valued at $145,000 after purchasing an additional 2,343 shares during the period. Sciencast Management LP acquired a new position in shares of Cna Financial in the first quarter valued at approximately $208,000. Trexquant Investment LP acquired a new position in shares of Cna Financial in the second quarter valued at approximately $223,000. Raymond James Trust N.A. increased its holdings in shares of Cna Financial by 42.6% in the second quarter. Raymond James Trust N.A. now owns 6,019 shares of the insurance provider’s stock valued at $275,000 after purchasing an additional 1,799 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Cna Financial in the second quarter valued at approximately $288,000. 99.50% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have recently issued reports on CNA shares. Zacks Investment Research lowered Cna Financial from a “hold” rating to a “sell” rating in a report on Tuesday, July 17th. ValuEngine lowered Cna Financial from a “hold” rating to a “sell” rating in a report on Friday, August 3rd.

CNA stock traded down $0.57 on Thursday, reaching $43.93. 4,101 shares of the company’s stock were exchanged, compared to its average volume of 229,713. Cna Financial Corp has a twelve month low of $43.06 and a twelve month high of $55.62. The firm has a market capitalization of $12.39 billion, a PE ratio of 13.17, a P/E/G ratio of 2.20 and a beta of 1.10. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.25 and a quick ratio of 0.25.

Cna Financial (NYSE:CNA) last announced its quarterly earnings data on Monday, July 30th. The insurance provider reported $0.99 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.98 by $0.01. Cna Financial had a return on equity of 8.43% and a net margin of 9.32%. The firm had revenue of $1.77 billion for the quarter, compared to analyst estimates of $1.82 billion. During the same quarter in the prior year, the company posted $0.88 earnings per share. Cna Financial’s quarterly revenue was up 3.9% on a year-over-year basis. Equities research analysts expect that Cna Financial Corp will post 4.16 earnings per share for the current fiscal year.

Cna Financial Company Profile

CNA Financial Corporation provides commercial property and casualty insurance products primarily in the United States. It operates through Specialty, Commercial, International, Life & Group, and Corporate & Other segments. The company's property insurance products include property, marine, boiler, and machinery coverages; and casualty insurance products comprise workers compensation, general and product liability, commercial auto, and umbrella coverages.

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Institutional Ownership by Quarter for Cna Financial (NYSE:CNA)

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