Private Management Group Inc. Sells 401,147 Shares of CNA Financial Co. (NYSE:CNA)

Private Management Group Inc. reduced its holdings in shares of CNA Financial Co. (NYSE:CNA) by 54.3% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 337,347 shares of the insurance provider’s stock after selling 401,147 shares during the quarter. Private Management Group Inc.’s holdings in CNA Financial were worth $16,510,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Fairscale Capital LLC acquired a new position in CNA Financial in the 2nd quarter worth about $55,000. GAMMA Investing LLC increased its holdings in CNA Financial by 36.9% in the 2nd quarter. GAMMA Investing LLC now owns 1,566 shares of the insurance provider’s stock worth $72,000 after purchasing an additional 422 shares in the last quarter. Abich Financial Wealth Management LLC increased its holdings in CNA Financial by 39.1% in the 1st quarter. Abich Financial Wealth Management LLC now owns 1,756 shares of the insurance provider’s stock worth $80,000 after purchasing an additional 494 shares in the last quarter. Covestor Ltd increased its holdings in CNA Financial by 82.0% in the 1st quarter. Covestor Ltd now owns 1,971 shares of the insurance provider’s stock worth $90,000 after purchasing an additional 888 shares in the last quarter. Finally, Whittier Trust Co. acquired a new stake in shares of CNA Financial in the second quarter valued at about $92,000. 98.45% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other CNA Financial news, EVP Jane Elizabeth Possell sold 4,444 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $48.08, for a total value of $213,667.52. Following the transaction, the executive vice president now owns 30,009 shares in the company, valued at approximately $1,442,832.72. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other CNA Financial news, EVP Jane Elizabeth Possell sold 4,444 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $48.08, for a total value of $213,667.52. Following the transaction, the executive vice president now owns 30,009 shares in the company, valued at approximately $1,442,832.72. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Elizabeth Ann Aguinaga sold 26,160 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $49.60, for a total value of $1,297,536.00. Following the completion of the transaction, the executive vice president now owns 47,744 shares in the company, valued at $2,368,102.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 49,151 shares of company stock worth $2,449,311. Corporate insiders own 0.30% of the company’s stock.

CNA Financial Trading Down 0.8 %

NYSE CNA traded down $0.40 during trading hours on Friday, hitting $47.51. 343,822 shares of the company’s stock were exchanged, compared to its average volume of 276,370. The stock has a 50-day simple moving average of $49.69 and a 200 day simple moving average of $47.23. CNA Financial Co. has a 1-year low of $38.32 and a 1-year high of $52.36. The firm has a market cap of $12.87 billion, a price-to-earnings ratio of 10.08, a PEG ratio of 3.40 and a beta of 0.64. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.30.

Analyst Ratings Changes

CNA has been the subject of several recent research reports. Bank of America increased their price target on CNA Financial from $45.00 to $48.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th. Keefe, Bruyette & Woods increased their price target on CNA Financial from $48.00 to $53.00 and gave the company a “market perform” rating in a research note on Thursday, August 1st.

About CNA Financial

CNA Financial Corporation provides commercial property and casualty insurance products in the United States and internationally. It operates through Specialty, Commercial, International, Life & Group, and Corporate & Other segments. The company offers professional liability coverages and risk management services to various professional firms, including architects, real estate agents, and accounting and law firms; directors and officers, employment practices, fiduciary, and fidelity and cyber coverages to small and mid-size firms, public and privately held firms, and not-for-profit organizations; professional and general liability, as well as associated casualty coverages for healthcare industry; surety and fidelity bonds; and warranty and alternative risks products.