As Cna Financial (CNA) Stock Price Declined, Towle & Co Has Decreased Its Holding; Helmerich And Payne (HP) Holding Lifted by Commonwealth Bank Of Australia

April 1, 2018 - By Clifton Ray

CNA Financial Corporation (NYSE:CNA) Logo

Towle & Co decreased its stake in Cna Financial Corp (CNA) by 38.47% based on its latest 2017Q4 regulatory filing with the SEC. Towle & Co sold 180,800 shares as the company’s stock declined 2.06% with the market. The institutional investor held 289,162 shares of the property-casualty insurers company at the end of 2017Q4, valued at $15.34 million, down from 469,962 at the end of the previous reported quarter. Towle & Co who had been investing in Cna Financial Corp for a number of months, seems to be less bullish one the $13.39B market cap company. The stock decreased 0.96% or $0.48 during the last trading session, reaching $49.35. About 277,931 shares traded or 9.33% up from the average. CNA Financial Corporation (NYSE:CNA) has risen 17.65% since April 1, 2017 and is uptrending. It has outperformed by 6.10% the S&P500.

Commonwealth Bank Of Australia increased its stake in Helmerich And Payne Inc (HP) by 36% based on its latest 2017Q4 regulatory filing with the SEC. Commonwealth Bank Of Australia bought 6,500 shares as the company’s stock rose 3.36% while stock markets declined. The institutional investor held 24,556 shares of the energy company at the end of 2017Q4, valued at $1.58M, up from 18,056 at the end of the previous reported quarter. Commonwealth Bank Of Australia who had been investing in Helmerich And Payne Inc for a number of months, seems to be bullish on the $7.25B market cap company. The stock increased 3.07% or $1.98 during the last trading session, reaching $66.56. About 1.24M shares traded. Helmerich & Payne, Inc. (NYSE:HP) has risen 3.63% since April 1, 2017 and is uptrending. It has underperformed by 7.92% the S&P500.

Among 36 analysts covering Helmerich & Payne (NYSE:HP), 10 have Buy rating, 8 Sell and 18 Hold. Therefore 28% are positive. Helmerich & Payne had 132 analyst reports since August 3, 2015 according to SRatingsIntel. Wells Fargo downgraded the shares of HP in report on Friday, July 7 to “Underperform” rating. On Friday, February 24 the stock rating was upgraded by Bank of America to “Buy”. Cowen & Co maintained the stock with “Market Perform” rating in Monday, November 16 report. The rating was maintained by Nomura with “Buy” on Tuesday, May 3. The stock of Helmerich & Payne, Inc. (NYSE:HP) earned “Market Perform” rating by Bernstein on Monday, January 29. The stock of Helmerich & Payne, Inc. (NYSE:HP) earned “Sell” rating by Seaport Global on Wednesday, June 21. The firm earned “Buy” rating on Monday, November 30 by Guggenheim. The stock of Helmerich & Payne, Inc. (NYSE:HP) earned “Sector Perform” rating by Iberia Capital Partners on Monday, September 21. The rating was maintained by BMO Capital Markets with “Sell” on Monday, January 15. The stock of Helmerich & Payne, Inc. (NYSE:HP) has “Hold” rating given on Thursday, May 25 by RBC Capital Markets.

Since December 15, 2017, it had 0 buys, and 2 sales for $441,985 activity.

Investors sentiment is 0.96 in 2017 Q4. Its the same as in 2017Q3. It is flat, as 38 investors sold HP shares while 158 reduced holdings. only 65 funds opened positions while 123 raised stakes. 112.80 million shares or 0.53% more from 112.20 million shares in 2017Q3 were reported. 327,040 are held by Fincl Bank Of America Corp De. Amp Invsts holds 30,995 shares or 0.01% of its portfolio. Mufg Americas reported 0% stake. State Of Wisconsin Inv Board owns 100,226 shares for 0.02% of their portfolio. Com Of Vermont invested 0% of its portfolio in Helmerich & Payne, Inc. (NYSE:HP). Somerville Kurt F stated it has 0.13% of its portfolio in Helmerich & Payne, Inc. (NYSE:HP). 350,869 were reported by Deutsche Comml Bank Ag. Hsbc Public Ltd Com invested in 153,426 shares. Daiwa Securities Grp accumulated 3,293 shares. Rhumbline Advisers holds 0.03% or 263,463 shares in its portfolio. 2,583 were accumulated by Ameritas Inv Ptnrs. Dimensional Fund Advisors LP stated it has 0.07% in Helmerich & Payne, Inc. (NYSE:HP). Fidelity Natl Fincl accumulated 1.63% or 171,500 shares. 207 are held by Td Cap Limited Liability Company. California State Teachers Retirement has 0.03% invested in Helmerich & Payne, Inc. (NYSE:HP) for 212,837 shares.

Commonwealth Bank Of Australia, which manages about $10.20 billion US Long portfolio, decreased its stake in Metlife Inc (NYSE:MET) by 6,804 shares to 257,972 shares, valued at $13.04 million in 2017Q4, according to the filing. It also reduced its holding in Technipfmc Plc by 18,345 shares in the quarter, leaving it with 7,127 shares, and cut its stake in Illinois Tool Works Inc (NYSE:ITW).

Analysts await CNA Financial Corporation (NYSE:CNA) to report earnings on May, 7. They expect $0.93 earnings per share, up 6.90% or $0.06 from last year’s $0.87 per share. CNA’s profit will be $252.24M for 13.27 P/E if the $0.93 EPS becomes a reality. After $1.05 actual earnings per share reported by CNA Financial Corporation for the previous quarter, Wall Street now forecasts -11.43% negative EPS growth.

Towle & Co, which manages about $544.94M and $1.01B US Long portfolio, upped its stake in Group 1 Automotive Inc (NYSE:GPI) by 5,030 shares to 344,779 shares, valued at $24.47 million in 2017Q4, according to the filing. It also increased its holding in General Cable Corporation (NYSE:BGC) by 15,040 shares in the quarter, for a total of 1.38 million shares, and has risen its stake in Unisys Corporation (NYSE:UIS).

Investors sentiment decreased to 1.13 in 2017 Q4. Its down 0.16, from 1.29 in 2017Q3. It worsened, as 17 investors sold CNA shares while 58 reduced holdings. 33 funds opened positions while 52 raised stakes. 268.99 million shares or 0.29% less from 269.77 million shares in 2017Q3 were reported. Perkins Coie Com reported 0.03% of its portfolio in CNA Financial Corporation (NYSE:CNA). 90,828 are held by Legal & General Public Limited Com. Ameriprise stated it has 21,848 shares. Point72 Asia (Hong Kong) Limited invested in 275 shares. Aqr Management Lc owns 0% invested in CNA Financial Corporation (NYSE:CNA) for 63,484 shares. Dekabank Deutsche Girozentrale holds 0% in CNA Financial Corporation (NYSE:CNA) or 2,774 shares. Loews Corp reported 242.65M shares stake. Citadel Limited Liability Co stated it has 7,964 shares. Pacifica Capital Ltd Com reported 67,208 shares. Arrowstreet Capital Ltd Partnership has 0.05% invested in CNA Financial Corporation (NYSE:CNA). 1,087 are held by Canada Pension Plan Investment Board. Deroy & Devereaux Private Invest Counsel, Michigan-based fund reported 353,188 shares. Susquehanna Intl Grp Inc Limited Liability Partnership accumulated 54,543 shares. 40 are held by Earnest Prtn Ltd Com. Retail Bank Of Ny Mellon reported 167,805 shares.

Since February 15, 2018, it had 0 buys, and 2 selling transactions for $471,132 activity. Weber Scott L sold $74,047 worth of stock.

CNA Financial Corporation (NYSE:CNA) Institutional Positions Chart

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