AQR Capital Management LLC Has $119.09 Million Position in CNA Financial Corporation $CNA

Key Points

• AQR Capital Management LLC increased its stake in CNA Financial Corporation by 21.4%, holding approximately 2.36 million shares valued at around $119 million as of the latest SEC filing.
• In the first quarter, several institutional investors expanded their positions in CNA Financial, including Comerica Bank, which boosted its stake by 168.3%.
• CNA Financial's recent quarterly earnings reported $1.23 earnings per share, surpassing analyst expectations of $0.94, with a total revenue of $3.37 billion for the quarter.

AQR Capital Management LLC grew its stake in shares of CNA Financial Corporation (NYSE:CNA - Free Report) by 21.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,355,192 shares of the insurance provider's stock after buying an additional 415,856 shares during the period. AQR Capital Management LLC owned 0.87% of CNA Financial worth $119,090,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in CNA. Charles Schwab Investment Management Inc. lifted its holdings in CNA Financial by 210.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 862,690 shares of the insurance provider's stock worth $43,816,000 after buying an additional 585,076 shares in the last quarter. Millennium Management LLC raised its stake in shares of CNA Financial by 229.1% in the 4th quarter. Millennium Management LLC now owns 268,139 shares of the insurance provider's stock valued at $12,970,000 after purchasing an additional 186,653 shares in the last quarter. Two Sigma Advisers LP grew its position in shares of CNA Financial by 501.6% during the 4th quarter. Two Sigma Advisers LP now owns 154,000 shares of the insurance provider's stock valued at $7,449,000 after buying an additional 128,400 shares during the last quarter. GAMMA Investing LLC grew its position in shares of CNA Financial by 5,501.5% during the 1st quarter. GAMMA Investing LLC now owns 114,887 shares of the insurance provider's stock valued at $5,835,000 after buying an additional 112,836 shares during the last quarter. Finally, Deutsche Bank AG grew its position in shares of CNA Financial by 27,890.0% during the 4th quarter. Deutsche Bank AG now owns 83,970 shares of the insurance provider's stock valued at $4,062,000 after buying an additional 83,670 shares during the last quarter. 98.45% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at CNA Financial

In related news, CFO Scott R. Lindquist sold 10,000 shares of the company's stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $48.81, for a total value of $488,100.00. Following the completion of the sale, the chief financial officer owned 89,867 shares in the company, valued at approximately $4,386,408.27. This represents a 10.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Dino Robusto sold 6,250 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $49.00, for a total transaction of $306,250.00. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. Insiders sold 24,630 shares of company stock valued at $1,204,802 over the last quarter. Insiders own 0.36% of the company's stock.

CNA Financial Stock Performance

Shares of NYSE:CNA traded down $0.35 during trading on Wednesday, reaching $46.93. 57,474 shares of the company's stock traded hands, compared to its average volume of 418,867. CNA Financial Corporation has a 12 month low of $43.29 and a 12 month high of $51.42. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.27 and a quick ratio of 0.27. The stock has a market capitalization of $12.70 billion, a P/E ratio of 14.62, a price-to-earnings-growth ratio of 4.27 and a beta of 0.54. The company has a 50 day moving average of $46.42 and a 200-day moving average of $47.34.

CNA Financial (NYSE:CNA - Get Free Report) last posted its earnings results on Monday, August 4th. The insurance provider reported $1.23 EPS for the quarter, topping 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 analysts' expectations of $2.76 billion. During the same quarter in the prior year, the firm earned $1.19 EPS. On average, equities analysts expect that CNA Financial Corporation will post 4.64 EPS for the current year.

CNA Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Monday, August 18th were issued a $0.46 dividend. The ex-dividend date was Monday, August 18th. This represents a $1.84 annualized dividend and a dividend yield of 3.9%. CNA Financial's dividend payout ratio (DPR) is 57.32%.

CNA Financial 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.