CNA Financial Corp Cuts Position in Stifel Financial Corp. (NYSE:SF)

CNA Financial Corp cut its stake in Stifel Financial Corp. (NYSE:SFGet Rating) by 4.3% in the 4th quarter, Holdings Channel reports. The fund owned 17,490 shares of the financial services provider’s stock after selling 790 shares during the quarter. CNA Financial Corp’s holdings in Stifel Financial were worth $1,232,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. grew its position in Stifel Financial by 0.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 982,314 shares of the financial services provider’s stock worth $69,175,000 after acquiring an additional 9,068 shares in the last quarter. Prescott Group Capital Management L.L.C. grew its position in Stifel Financial by 19.7% in the fourth quarter. Prescott Group Capital Management L.L.C. now owns 24,326 shares of the financial services provider’s stock worth $1,713,000 after acquiring an additional 4,000 shares in the last quarter. Rational Advisors LLC lifted its stake in Stifel Financial by 8.0% in the fourth quarter. Rational Advisors LLC now owns 13,484 shares of the financial services provider’s stock worth $950,000 after purchasing an additional 1,004 shares during the last quarter. Confluence Wealth Services Inc. bought a new stake in Stifel Financial in the fourth quarter worth $25,000. Finally, CarsonAllaria Wealth Management Ltd. bought a new stake in Stifel Financial in the fourth quarter worth $93,000. Institutional investors own 82.45% of the company’s stock.

In other news, CEO Ronald J. Kruszewski purchased 10,000 shares of the business’s stock in a transaction dated Friday, April 29th. The shares were purchased at an average price of $61.94 per share, for a total transaction of $619,400.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,311,325 shares in the company, valued at approximately $81,223,470.50. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 3.24% of the stock is currently owned by corporate insiders.

SF traded down $0.44 during midday trading on Thursday, reaching $59.72. The company’s stock had a trading volume of 20,355 shares, compared to its average volume of 673,554. The firm has a market capitalization of $6.36 billion, a price-to-earnings ratio of 8.89 and a beta of 1.28. The company has a current ratio of 0.83, a quick ratio of 0.78 and a debt-to-equity ratio of 0.40. Stifel Financial Corp. has a 1 year low of $58.43 and a 1 year high of $83.28. The stock’s 50-day moving average is $65.70 and its 200-day moving average is $70.33.

Stifel Financial (NYSE:SFGet Rating) last announced its quarterly earnings data on Wednesday, April 27th. The financial services provider reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.48 by $0.01. The business had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Stifel Financial had a net margin of 17.49% and a return on equity of 20.84%. The business’s revenue was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.50 earnings per share.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 15th. Shareholders of record on Wednesday, June 1st will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date is Tuesday, May 31st. Stifel Financial’s dividend payout ratio (DPR) is presently 18.05%.

SF has been the subject of several recent research reports. JMP Securities boosted their price target on shares of Stifel Financial from $93.00 to $100.00 and gave the stock a “market outperform” rating in a research note on Thursday, January 27th. StockNews.com began coverage on shares of Stifel Financial in a research report on Thursday, March 31st. They set a “hold” rating on the stock.

Stifel Financial Profile (Get Rating)

Stifel Financial Corp., a financial services and bank holding company, provides retail and institutional wealth management, and investment banking services to individual investors, corporations, municipalities, and institutions in the United States, the United Kingdom, the rest of Europe, and Canada.

See Also

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Institutional Ownership by Quarter for Stifel Financial (NYSE:SF)

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