Private Management Group Inc. Reduces Stake in CNA Financial Co. (NYSE:CNA)

Private Management Group Inc. decreased its stake in CNA Financial Co. (NYSE:CNA - Free Report) by 2.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 329,776 shares of the insurance provider's stock after selling 7,571 shares during the period. Private Management Group Inc. owned about 0.12% of CNA Financial worth $15,951,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in CNA. True Wealth Design LLC purchased a new position in CNA Financial in the third quarter worth $36,000. GAMMA Investing LLC boosted its holdings in shares of CNA Financial by 16.7% in the 4th quarter. GAMMA Investing LLC now owns 2,051 shares of the insurance provider's stock worth $99,000 after purchasing an additional 293 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of CNA Financial during the 3rd quarter valued at about $146,000. Blue Trust Inc. raised its holdings in shares of CNA Financial by 74.8% during the 3rd quarter. Blue Trust Inc. now owns 3,635 shares of the insurance provider's stock valued at $167,000 after buying an additional 1,555 shares in the last quarter. Finally, US Bancorp DE lifted its position in CNA Financial by 26.6% in the 3rd quarter. US Bancorp DE now owns 3,449 shares of the insurance provider's stock worth $169,000 after buying an additional 725 shares during the last quarter. Hedge funds and other institutional investors own 98.45% of the company's stock.

Analyst Upgrades and Downgrades

CNA has been the topic of a number of recent research reports. Keefe, Bruyette & Woods reduced their price target on shares of CNA Financial from $55.00 to $54.00 and set a "market perform" rating on the stock in a research report on Friday, January 10th. StockNews.com raised shares of CNA Financial from a "hold" rating to a "buy" rating in a report on Wednesday, November 13th.

CNA Financial Trading Down 1.3 %

Shares of NYSE CNA traded down $0.64 during midday trading on Friday, reaching $49.01. The company had a trading volume of 393,417 shares, compared to its average volume of 209,462. The firm's fifty day moving average price is $48.55 and its 200-day moving average price is $49.06. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.28. CNA Financial Co. has a one year low of $42.33 and a one year high of $52.36. The stock has a market cap of $13.27 billion, a PE ratio of 10.21 and a beta of 0.66.

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.