Altrinsic Global Advisors LLC Lowers Stock Holdings in CNA Financial Corporation $CNA

Key Points

• Altrinsic Global Advisors LLC reduced its stake in CNA Financial by 3.8%, selling 11,137 shares, and now holds approximately 0.7% of the company's stock, valued at around $14.27 million.
• CNA Financial reported earnings per share of $1.23 for the recent quarter, surpassing analyst estimates of $0.94, and had a revenue of $3.37 billion compared to expectations of $2.76 billion.
• The company declared a quarterly dividend of $0.46 per share, which equates to an annualized dividend of $1.84, reflecting a dividend yield of 3.8%.

Altrinsic Global Advisors LLC trimmed its stake in shares of CNA Financial Corporation (NYSE:CNA - Free Report) by 3.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 280,964 shares of the insurance provider's stock after selling 11,137 shares during the quarter. CNA Financial accounts for 0.7% of Altrinsic Global Advisors LLC's holdings, making the stock its 20th largest holding. Altrinsic Global Advisors LLC owned about 0.10% of CNA Financial worth $14,270,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of CNA Financial in the 1st quarter valued at about $887,000. Wealth Enhancement Advisory Services LLC raised its holdings in CNA Financial by 37.8% in 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 acquiring an additional 7,665 shares in the last quarter. SG Americas Securities LLC purchased a new position in CNA Financial in the first quarter worth approximately $470,000. Nisa Investment Advisors LLC grew its holdings in CNA Financial by 57.4% during the 1st quarter. Nisa Investment Advisors LLC now owns 38,120 shares of the insurance provider's stock worth $1,936,000 after acquiring an additional 13,900 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in CNA Financial by 5,501.5% during the 1st quarter. GAMMA Investing LLC now owns 114,887 shares of the insurance provider's stock worth $5,835,000 after acquiring an additional 112,836 shares in the last quarter. Institutional investors and hedge funds own 98.45% of the company's stock.

Insider Buying and Selling at CNA Financial

In other news, Chairman Dino Robusto sold 6,250 shares of the firm's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $47.63, for a total transaction of $297,687.50. Following the sale, the chairman owned 705,588 shares of the company's stock, valued at approximately $33,607,156.44. This trade represents a 0.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.30% of the company's stock.

CNA Financial Stock Down 0.3%

Shares of CNA traded down $0.17 during midday trading on Thursday, reaching $49.16. The stock had a trading volume of 256,803 shares, compared to its average volume of 489,822. The company has a market cap of $13.31 billion, a price-to-earnings ratio of 15.31, a PEG ratio of 4.41 and a beta of 0.51. The company's fifty day simple moving average is $46.00 and its two-hundred day simple moving average is $47.38. CNA Financial Corporation has a 1-year low of $43.29 and a 1-year high of $52.36. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.27 and a quick ratio of 0.27.

CNA Financial (NYSE:CNA - Get Free Report) last issued its earnings results on Monday, August 4th. The insurance provider reported $1.23 EPS for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $2.76 billion. During the same quarter in the previous year, the firm posted $1.19 earnings per share. Equities research analysts expect that CNA Financial Corporation will post 4.64 earnings per share for the current year.

CNA Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Monday, August 18th will be issued a $0.46 dividend. The ex-dividend date is Monday, August 18th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.7%. CNA Financial's dividend payout ratio is presently 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.