Nisa Investment Advisors LLC reduced its stake in Cna Financial Corp (NYSE:CNA) by 18.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 44,750 shares of the insurance provider’s stock after selling 9,850 shares during the period. Nisa Investment Advisors LLC’s holdings in Cna Financial were worth $2,374,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in CNA. Acrospire Investment Management LLC increased its stake in Cna Financial by 111.1% in the 2nd quarter. Acrospire Investment Management LLC now owns 2,090 shares of the insurance provider’s stock worth $102,000 after purchasing an additional 1,100 shares during the period. DekaBank Deutsche Girozentrale increased its stake in Cna Financial by 87.4% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 2,774 shares of the insurance provider’s stock worth $146,000 after purchasing an additional 1,294 shares during the period. Koch Industries Inc. purchased a new position in Cna Financial in the 2nd quarter worth approximately $203,000. Magnetar Financial LLC purchased a new position in Cna Financial in the 3rd quarter worth approximately $204,000. Finally, SG Americas Securities LLC increased its stake in Cna Financial by 37.9% in the 3rd quarter. SG Americas Securities LLC now owns 4,386 shares of the insurance provider’s stock worth $220,000 after purchasing an additional 1,205 shares during the period. 99.69% of the stock is currently owned by institutional investors and hedge funds.

Cna Financial Corp (NYSE:CNA) opened at $53.96 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.23 and a quick ratio of 0.23. The company has a market capitalization of $14,613.72, a P/E ratio of 15.96, a price-to-earnings-growth ratio of 2.86 and a beta of 1.32. Cna Financial Corp has a 12 month low of $40.51 and a 12 month high of $55.62.

Cna Financial (NYSE:CNA) last announced its quarterly earnings results on Monday, October 30th. The insurance provider reported $0.58 EPS for the quarter, missing the Zacks’ consensus estimate of $0.85 by ($0.27). Cna Financial had a return on equity of 7.14% and a net margin of 9.67%. The company had revenue of $2.42 billion during the quarter, compared to analysts’ expectations of $2.37 billion. During the same period last year, the firm earned $1.15 earnings per share. equities analysts predict that Cna Financial Corp will post 3.21 earnings per share for the current fiscal year.

A number of brokerages have commented on CNA. Zacks Investment Research raised Cna Financial from a “hold” rating to a “buy” rating and set a $62.00 price target on the stock in a research note on Tuesday, November 7th. ValuEngine cut Cna Financial from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $55.00 price target on shares of Cna Financial in a research note on Wednesday, November 1st. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $53.33.

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Cna Financial Profile

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

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