Cna Financial Corp (NYSE:CNA) Short Interest Update

Cna Financial Corp (NYSE:CNA) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totalling 969,100 shares, a growth of 20.3% from the December 15th total of 805,600 shares. Based on an average daily volume of 212,900 shares, the short-interest ratio is currently 4.6 days. Currently, 0.4% of the shares of the stock are short sold.

CNA stock opened at $44.62 on Wednesday. The stock has a market capitalization of $12.09 billion, a P/E ratio of 14.39, a P/E/G ratio of 2.30 and a beta of 0.79. The firm has a 50-day simple moving average of $44.44 and a 200-day simple moving average of $46.43. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.22. Cna Financial has a 52 week low of $42.28 and a 52 week high of $50.47.

Cna Financial (NYSE:CNA) last posted its earnings results on Monday, October 28th. The insurance provider reported $0.37 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.67). The firm had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.38 billion. Cna Financial had a net margin of 6.19% and a return on equity of 7.72%. During the same quarter in the previous year, the firm earned $1.23 earnings per share. On average, analysts expect that Cna Financial will post 4.26 earnings per share for the current year.

In other news, EVP Douglas Worman sold 5,000 shares of the business’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $45.04, for a total transaction of $225,200.00. Following the completion of the sale, the executive vice president now owns 39,575 shares of the company’s stock, valued at $1,782,458. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.23% of the stock is owned by insiders.

A number of large investors have recently bought and sold shares of CNA. Wells Fargo & Company MN boosted its holdings in Cna Financial by 69.8% in the 2nd quarter. Wells Fargo & Company MN now owns 86,188 shares of the insurance provider’s stock valued at $4,058,000 after purchasing an additional 35,431 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Cna Financial by 150.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 26,441 shares of the insurance provider’s stock valued at $1,225,000 after purchasing an additional 15,899 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Cna Financial by 1.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 213,558 shares of the insurance provider’s stock valued at $10,053,000 after purchasing an additional 2,697 shares during the last quarter. First Allied Advisory Services Inc. acquired a new position in Cna Financial in the 2nd quarter valued at about $211,000. Finally, US Bancorp DE boosted its holdings in Cna Financial by 41.9% in the 2nd quarter. US Bancorp DE now owns 2,040 shares of the insurance provider’s stock valued at $96,000 after purchasing an additional 602 shares during the last quarter. Institutional investors own 99.10% of the company’s stock.

Cna Financial Company Profile

CNA Financial Corporation provides commercial property and casualty insurance products primarily in the United States. It 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 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 standard property and casualty coverages for healthcare industry; surety and fidelity bonds; and warranty and alternative risks products.

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