Procurement News Notice |
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| PNN | 4429 |
| Work Detail | Cna Financial Corp (CNA) : Raiff Partners Inc reduced its stake in Cna Financial Corp by 41.18% during the most recent quarter end. The investment management company now holds a total of 50,000 shares of Cna Financial Corp which is valued at $1,615,000 after selling 35,000 shares in Cna Financial Corp , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Cna Financial Corp makes up approximately 4.51% of Raiff Partners Inc’s portfolio. Other Hedge Funds, Including , Hsbc Holdings Plc boosted its stake in CNA in the latest quarter, The investment management firm added 10,354 additional shares and now holds a total of 22,320 shares of Cna Financial Corp which is valued at $720,936.Alliancebernstein boosted its stake in CNA in the latest quarter, The investment management firm added 10,450 additional shares and now holds a total of 29,867 shares of Cna Financial Corp which is valued at $964,704.Public Employees Retirement Association Of Colorado boosted its stake in CNA in the latest quarter, The investment management firm added 4 additional shares and now holds a total of 868 shares of Cna Financial Corp which is valued at $27,628. Cna Financial Corp opened for trading at $32.44 and hit $32.84 on the upside on Monday, eventually ending the session at $32.74, with a gain of 0.99% or 0.32 points. The heightened volatility saw the trading volume jump to 1,11,948 shares. Company has a market cap of $8,856 M. On the company’s financial health, Cna Financial Corp reported $0.77 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Aug 1, 2016. Analyst had a consensus of $0.71.Analysts expectations of $ 2328.00.During the same quarter in the previous year, the company posted $0.69 EPS. CNA Financial Corporation (CNAF) is an insurance holding company. Collectively CNAF and its subsidiaries are referred to as CNA or the Company. CNA’s core business commercial property and casualty insurance operations is reported in three business segments: Specialty Commercial and International. Its non-core businesses are managed in two business segments: Life & Group Non-Core and Corporate & Other Non-Core. The Company’s insurance products primarily include commercial property and casualty coverages including surety. Its services include risk management information services warranty and claims administration. The Company’s Life & Group Non-Core segment primarily includes the results of the Company’s individual and group long term care businesses that are in run-off. Long term care policies provide benefits for nursing home assisted living and home health care subject to various daily and lifetime caps. |
| Country | United States , Northern America |
| Industry | Financial Services |
| Entry Date | 03 Sep 2016 |
| Source | http://www.themarketdigest.org/201608/raiff-partners-inc-lowers-stake-in-cna-financial-corp-cna/3148400/ |
