CNA Financial Corp Has $434,000 Position in OM Asset Management PLC (NYSE:OMAM)

CNA Financial Corp held its position in OM Asset Management PLC (NYSE:OMAM) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,733 shares of the asset manager’s stock at the end of the first quarter. CNA Financial Corp’s holdings in OM Asset Management PLC were worth $434,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the company. Bank of America Corp DE raised its position in OM Asset Management PLC by 1.0% in the first quarter. Bank of America Corp DE now owns 139,704 shares of the asset manager’s stock valued at $2,112,000 after buying an additional 1,362 shares during the last quarter. American International Group Inc. increased its stake in shares of OM Asset Management PLC by 7.1% in the first quarter. American International Group Inc. now owns 24,712 shares of the asset manager’s stock valued at $374,000 after buying an additional 1,637 shares during the last quarter. Nine Chapters Capital Management LLC increased its stake in shares of OM Asset Management PLC by 20.7% in the first quarter. Nine Chapters Capital Management LLC now owns 14,000 shares of the asset manager’s stock valued at $212,000 after buying an additional 2,400 shares during the last quarter. Sei Investments Co. increased its stake in shares of OM Asset Management PLC by 7.3% in the first quarter. Sei Investments Co. now owns 83,032 shares of the asset manager’s stock valued at $1,256,000 after buying an additional 5,639 shares during the last quarter. Finally, Maltese Capital Management LLC increased its stake in shares of OM Asset Management PLC by 11.9% in the fourth quarter. Maltese Capital Management LLC now owns 89,400 shares of the asset manager’s stock valued at $1,296,000 after buying an additional 9,500 shares during the last quarter. 46.23% of the stock is owned by institutional investors and hedge funds.

Shares of OM Asset Management PLC (NYSE OMAM) traded up 0.59% during mid-day trading on Wednesday, hitting $15.35. 79,884 shares of the company were exchanged. OM Asset Management PLC has a 12-month low of $12.10 and a 12-month high of $16.01. The stock’s 50-day moving average price is $14.51 and its 200 day moving average price is $14.74. The stock has a market cap of $1.76 billion, a PE ratio of 15.66 and a beta of 1.72.

OM Asset Management PLC (NYSE:OMAM) last released its quarterly earnings results on Thursday, May 4th. The asset manager reported $0.34 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.34. The business had revenue of $198.80 million during the quarter, compared to the consensus estimate of $196.70 million. OM Asset Management PLC had a return on equity of 81.34% and a net margin of 16.48%. The firm’s quarterly revenue was up 30.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.27 EPS. On average, equities analysts anticipate that OM Asset Management PLC will post $1.52 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Friday, June 16th were issued a $0.09 dividend. The ex-dividend date of this dividend was Wednesday, June 14th. This is a boost from OM Asset Management PLC’s previous quarterly dividend of $0.08. This represents a $0.36 annualized dividend and a yield of 2.36%. OM Asset Management PLC’s payout ratio is currently 36.74%.

WARNING: “CNA Financial Corp Has $434,000 Position in OM Asset Management PLC (NYSE:OMAM)” was first reported by Markets Daily and is the sole property of of Markets Daily. If you are reading this report on another domain, it was illegally copied and reposted in violation of international trademark and copyright laws. The correct version of this report can be read at https://www.themarketsdaily.com/2017/07/12/om-asset-management-plc-omam-position-held-by-cna-financial-corp-updated-updated.html.

A number of equities research analysts have commented on OMAM shares. Credit Suisse Group set a $17.00 price objective on shares of OM Asset Management PLC and gave the company a “buy” rating in a research report on Monday, March 27th. Zacks Investment Research cut shares of OM Asset Management PLC from a “buy” rating to a “hold” rating in a research note on Tuesday, March 21st. Keefe, Bruyette & Woods restated an “outperform” rating on shares of OM Asset Management PLC in a research note on Thursday, April 6th. Evercore ISI reiterated an “outperform” rating on shares of OM Asset Management PLC in a report on Monday, April 3rd. Finally, Wells Fargo & Company raised shares of OM Asset Management PLC from a “market perform” rating to an “outperform” rating and set a $17.00 price target on the stock in a research note on Monday, June 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $17.08.

In other news, major shareholder Group (Uk) Ltd Om sold 2,595,000 shares of the business’s stock in a transaction on Monday, June 19th. The stock was sold at an average price of $14.55, for a total transaction of $37,757,250.00. Following the completion of the transaction, the insider now owns 22,001,183 shares of the company’s stock, valued at approximately $320,117,212.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.48% of the stock is currently owned by insiders.

About OM Asset Management PLC

OM Asset Management plc is a global, diversified, multi-boutique asset management company. As of December 31, 2016, the Company operated its business through its eight Affiliates, each of which operated autonomously and employed its own investment processes. Its Affiliates include Acadian Asset Management LLC; Barrow, Hanley, Mewhinney & Strauss, LLC; Campbell Global, LLC; Copper Rock Capital Partners LLC; Heitman LLC; Investment Counselors of Maryland, LLC; Landmark Partners, LLC, and Thompson, Siegel & Walmsley LLC.

Institutional Ownership by Quarter for OM Asset Management PLC (NYSE:OMAM)

Receive News & Ratings for OM Asset Management PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OM Asset Management PLC and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply