Quantinno Capital Management LP Has $31.47 Million Stake in CNA Financial Corporation $CNA

Quantinno Capital Management LP boosted its holdings in CNA Financial Corporation (NYSE:CNA) by 48.9% in the first quarter, Holdings Channel reports. The firm owned 685,247 shares of the insurance provider’s stock after purchasing an additional 225,030 shares during the quarter. Quantinno Capital Management LP’s holdings in CNA Financial were worth $31,467,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in CNA. Lloyd Advisory Services LLC. acquired a new stake in CNA Financial in the 4th quarter valued at $25,000. State of Wyoming acquired a new position in shares of CNA Financial during the 2nd quarter worth about $53,000. Quantbot Technologies LP bought a new position in shares of CNA Financial in the 2nd quarter valued at about $55,000. CIBC Private Wealth Group LLC grew its holdings in shares of CNA Financial by 142.7% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,223 shares of the insurance provider’s stock valued at $57,000 after acquiring an additional 719 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in shares of CNA Financial by 28.5% in the second quarter. EverSource Wealth Advisors LLC now owns 1,435 shares of the insurance provider’s stock valued at $67,000 after acquiring an additional 318 shares during the last quarter. Institutional investors own 98.45% of the company’s stock.

CNA Financial Stock Performance

NYSE CNA opened at $52.54 on Friday. The firm has a market capitalization of $14.21 billion, a P/E ratio of 11.75, a price-to-earnings-growth ratio of 7.28 and a beta of 0.28. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.27. The firm’s fifty day moving average price is $48.12 and its two-hundred day moving average price is $47.32. CNA Financial Corporation has a 1 year low of $41.53 and a 1 year high of $55.71.

CNA Financial (NYSE:CNA) last announced its quarterly earnings data on Monday, May 4th. The insurance provider reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.47). The firm had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $2.93 billion. CNA Financial had a net margin of 8.08% and a return on equity of 11.57%. During the same period last year, the business earned $1.03 EPS. As a group, research analysts anticipate that CNA Financial Corporation will post 4.09 EPS for the current year.

Analyst Upgrades and Downgrades

CNA has been the topic of several analyst reports. Weiss Ratings upgraded CNA Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, July 17th. Zacks Research upgraded CNA Financial from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 16th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

CNA Financial Company 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.