CNA Financial Corp Acquires Shares of 2,750 Alphabet Inc. (GOOG)

CNA Financial Corp acquired a new position in shares of Alphabet Inc. (NASDAQ:GOOG) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 2,750 shares of the information services provider’s stock, valued at approximately $2,281,000.

A number of other hedge funds have also recently bought and sold shares of the business. united american securities inc. d b a uas asset management grew its holdings in shares of Alphabet by 479.3% during the 1st quarter. united american securities inc. d b a uas asset management now owns 3,696 shares of the information services provider’s stock worth $3,066,000 after purchasing an additional 3,058 shares in the last quarter. Farmhouse Investment Management LLC acquired a new stake in shares of Alphabet during the 1st quarter worth $15,797,000. Lumbard & Kellner LLC grew its holdings in shares of Alphabet by 24.9% during the 1st quarter. Lumbard & Kellner LLC now owns 6,034 shares of the information services provider’s stock worth $5,006,000 after purchasing an additional 1,203 shares in the last quarter. Flagship Harbor Advisors LLC grew its holdings in shares of Alphabet by 24.1% during the 1st quarter. Flagship Harbor Advisors LLC now owns 1,640 shares of the information services provider’s stock worth $1,341,000 after purchasing an additional 319 shares in the last quarter. Finally, Investment Centers of America Inc. grew its holdings in shares of Alphabet by 45.0% during the 1st quarter. Investment Centers of America Inc. now owns 2,349 shares of the information services provider’s stock worth $1,949,000 after purchasing an additional 729 shares in the last quarter. Hedge funds and other institutional investors own 34.55% of the company’s stock.

Several analysts have recently issued reports on the company. UBS AG reissued a “buy” rating and set a $1,050.00 target price on shares of Alphabet in a report on Monday, May 15th. Piper Jaffray Companies reissued an “overweight” rating and set a $1,050.00 target price on shares of Alphabet in a report on Wednesday, August 9th. Royal Bank Of Canada reissued an “outperform” rating and set a $1,050.00 target price on shares of Alphabet in a report on Monday. Moffett Nathanson reissued a “buy” rating on shares of Alphabet in a report on Friday, June 9th. Finally, MKM Partners reissued a “buy” rating and set a $1,210.00 target price (up from $1,170.00) on shares of Alphabet in a report on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and forty-one have assigned a buy rating to the company’s stock. Alphabet currently has an average rating of “Buy” and a consensus price target of $1,031.14.

In other news, CEO Sundar Pichai sold 4,000 shares of the stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $903.86, for a total value of $3,615,440.00. Following the completion of the transaction, the chief executive officer now owns 1,911 shares of the company’s stock, valued at approximately $1,727,276.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ann Mather sold 629 shares of the stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $932.28, for a total value of $586,404.12. Following the completion of the transaction, the director now directly owns 1,781 shares of the company’s stock, valued at approximately $1,660,390.68. The disclosure for this sale can be found here. Insiders sold a total of 45,184 shares of company stock valued at $42,115,482 in the last three months. Corporate insiders own 13.92% of the company’s stock.

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Shares of Alphabet Inc. (NASDAQ:GOOG) traded down 0.14% during midday trading on Tuesday, reaching $927.82. The company’s stock had a trading volume of 389,287 shares. Alphabet Inc. has a 52-week low of $727.54 and a 52-week high of $988.25. The stock has a 50-day moving average price of $927.87 and a 200-day moving average price of $905.62. The stock has a market cap of $642.87 billion, a price-to-earnings ratio of 33.63 and a beta of 0.94.

Alphabet (NASDAQ:GOOG) last announced its earnings results on Monday, July 24th. The information services provider reported $5.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.43 by $0.58. Alphabet had a return on equity of 13.66% and a net margin of 19.49%. The firm had revenue of $26.01 billion during the quarter, compared to analyst estimates of $25.61 billion. During the same quarter in the prior year, the company earned $8.42 EPS. The business’s revenue was up 21.0% compared to the same quarter last year. Equities research analysts anticipate that Alphabet Inc. will post $30.59 earnings per share for the current fiscal year.

Alphabet Company Profile

Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.

Institutional Ownership by Quarter for Alphabet (NASDAQ:GOOG)

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