It is trading at $54.13 barely above the 50 day moving average which is $50.20 and much higher than the 200 day moving average of $48.60. The 50 day moving average was up $3.93 or +7.84% whereas the 200 day average was up by +11.39%. CNA Financial Corporation shares had a trading volume of 475K in the last trading session. Shares saw a steep increase in trading volume of 174.60% over the normal average daily volume.
Investors are feeling more bullish on shares of the company lately if you pay attention to the motion in short interest. The company had a fall in short interest of -5.60% between September 29, 2017 and October 13, 2017. Short shares fell 63,385 over that timeframe. The days to cover increased to 7.0 and the percentage of shorted shares was 0.00% on October 13.
Additionally, here are a few investment firms who have increased or decreased their stake in (CNA). Victory Capital Management Inc augmented its holdings by buying 9,307 shares an increase of 5.4% from 06/30/2017 to 09/30/2017. Victory Capital Management Inc now controls 181,539 shares with a value of $9,122,000. The total value of its holdings increased 8.6%. First Trust Advisors Lp added to its ownership by buying 159,401 shares an increase of 26.1%. First Trust Advisors Lp owns 770,306 shares valued at $38,708,000. The value of the position overall is up by 30.0%.
Deroy & Devereaux Private Investment Counsel Inc downsized its investment by shedding 1,768 shares a decrease of 0.5% as of 09/30/2017. Deroy & Devereaux Private Investment Counsel Inc controls 354,733 shares worth $17,825,000. The value of the position overall is up by 2.6%. Aperio Group, LLC cut its stake by shedding 7,889 shares a decrease of 4.5% in the quarter. Aperio Group, LLC claims 167,884 shares with a value of $8,436,000. The total value of its holdings decreased 1.6%.
The company is now up by 1.06% since yesterday’s close of $54.13. CNA Financial Corporation also recently declared a dividend that was paid on Wednesday August 30th, 2017. The dividend payment was $0.300 per share for the quarter which is $1.20 annualized. The dividend yield was $2.37. The ex-dividend date was Thursday the 10th of August 2017.
The P/E ratio is currently 13.17 and the market value is 14.67B. As of the last earnings report the EPS was $4.11 and is expected to be $2.96 for the current year with 271,006,000 shares now outstanding. Next quarter’s EPS is forecasted at $0.79 with next year’s EPS anticipated to be $3.35.
CNA Financial Corporation, launched on September 8, 1967, is an insurance holding company. The Business’s segments include Specialty, Commercial, International, Life & Group Non-Core, and Corporate & Other Non-Core. The Business’s insurance products primarily include commercial property and casualty coverages, including surety. Its services include risk management, information services, and warranty and claims administration. The Business’s property and casualty, and life and group insurance operations are primarily conducted by Continental Casualty Company (CCC), The Continental Insurance Company, Western Surety Company, CNA Insurance Company Limited and Hardy Underwriting Bermuda Limited and its subsidiaries (Hardy)..Advertisement