Nuveen LLC Takes $1.85 Million Position in CNA Financial Corporation $CNA

Key Points

• Nuveen LLC has acquired a new stake in CNA Financial Corporation, purchasing 36,396 shares valued at approximately $1.85 million in the first quarter.
• CNA Financial reported better-than-expected quarterly earnings with an EPS of $1.23, surpassing analysts' expectations of $0.94.
• The company announced a quarterly dividend of $0.46 per share, reflecting an annualized yield of 3.7%, with the payment scheduled for September 4th.

Nuveen LLC purchased a new position in CNA Financial Corporation (NYSE:CNA - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 36,396 shares of the insurance provider's stock, valued at approximately $1,849,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in CNA. Mirae Asset Global Investments Co. Ltd. bought a new stake in CNA Financial during the first quarter valued at $887,000. Wealth Enhancement Advisory Services LLC increased its stake in CNA Financial by 37.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 27,934 shares of the insurance provider's stock valued at $1,419,000 after purchasing an additional 7,665 shares during the last quarter. SG Americas Securities LLC bought a new stake in CNA Financial during the first quarter valued at $470,000. Nisa Investment Advisors LLC increased its stake in CNA Financial by 57.4% during the first quarter. Nisa Investment Advisors LLC now owns 38,120 shares of the insurance provider's stock valued at $1,936,000 after purchasing an additional 13,900 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in CNA Financial by 2.0% during the first quarter. Vanguard Group Inc. now owns 556,695 shares of the insurance provider's stock valued at $28,275,000 after purchasing an additional 11,019 shares during the last quarter. Institutional investors own 98.45% of the company's stock.

Insider Activity

In other news, Chairman Dino Robusto sold 6,250 shares of the business's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $49.00, for a total transaction of $306,250.00. Following the completion of the transaction, the chairman owned 686,838 shares of the company's stock, valued at approximately $33,655,062. The trade was a 0.90% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.30% of the company's stock.

CNA Financial Stock Performance

CNA stock traded up $0.01 during trading on Thursday, hitting $48.93. 367,053 shares of the company's stock traded hands, compared to its average volume of 401,211. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.23. CNA Financial Corporation has a 52 week low of $43.29 and a 52 week high of $52.24. The stock has a fifty day moving average price of $46.35 and a two-hundred day moving average price of $47.39. The stock has a market capitalization of $13.24 billion, a price-to-earnings ratio of 15.24, a price-to-earnings-growth ratio of 4.38 and a beta of 0.54.

CNA Financial (NYSE:CNA - Get Free Report) last released its earnings results on Monday, August 4th. The insurance provider reported $1.23 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.29. CNA Financial had a net margin of 5.99% and a return on equity of 11.85%. The firm had revenue of $3.37 billion during the quarter, compared to analyst estimates of $2.76 billion. During the same quarter in the previous year, the firm earned $1.19 earnings per share. As a group, equities analysts anticipate that CNA Financial Corporation will post 4.64 EPS for the current fiscal year.

CNA Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Monday, August 18th will be issued a dividend of $0.46 per share. The ex-dividend date of this dividend is Monday, August 18th. This represents a $1.84 annualized dividend and a dividend yield of 3.8%. CNA Financial's payout ratio is 57.32%.

CNA Financial Company Profile

CNA Financial Corporation provides commercial property and casualty insurance products in the United States and internationally. It operates through Specialty, Commercial, International, Life & Group, and Corporate & Other segments. The company offers professional liability coverages and risk management services to various professional firms, including architects, real estate agents, and accounting and law firms; directors and officers, employment practices, fiduciary, and fidelity and cyber coverages to small and mid-size firms, public and privately held firms, and not-for-profit organizations; professional and general liability, as well as associated casualty coverages for healthcare industry; surety and fidelity bonds; and warranty and alternative risks products.