Assenagon Asset Management S.A. Sells 11,405 Shares of CNA Financial Corporation (NYSE:CNA)

Assenagon Asset Management S.A. cut its position in shares of CNA Financial Corporation (NYSE:CNA - Free Report) by 51.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,620 shares of the insurance provider's stock after selling 11,405 shares during the quarter. Assenagon Asset Management S.A.'s holdings in CNA Financial were worth $539,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. AQR Capital Management LLC grew its stake in CNA Financial by 41.4% in the 4th quarter. AQR Capital Management LLC now owns 1,939,336 shares of the insurance provider's stock valued at $93,806,000 after purchasing an additional 567,926 shares during the period. First Trust Advisors LP boosted its holdings in shares of CNA Financial by 20.1% in the 4th quarter. First Trust Advisors LP now owns 1,486,853 shares of the insurance provider's stock worth $71,919,000 after buying an additional 249,346 shares during the last quarter. Bank of New York Mellon Corp grew its position in CNA Financial by 66.0% during the fourth quarter. Bank of New York Mellon Corp now owns 1,177,110 shares of the insurance provider's stock valued at $56,937,000 after buying an additional 468,058 shares during the period. CORDA Investment Management LLC. increased its holdings in CNA Financial by 1.8% during the fourth quarter. CORDA Investment Management LLC. now owns 661,532 shares of the insurance provider's stock worth $31,998,000 after buying an additional 11,597 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in CNA Financial by 36.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 363,389 shares of the insurance provider's stock worth $17,577,000 after buying an additional 97,180 shares during the last quarter. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Chairman Dino Robusto sold 6,250 shares of the company's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $47.61, for a total transaction of $297,562.50. Following the sale, the chairman now directly owns 711,838 shares in the company, valued at approximately $33,890,607.18. This represents a 0.87% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Mark Steven James sold 5,015 shares of CNA Financial stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $48.35, for a total transaction of $242,475.25. Following the completion of the transaction, the executive vice president now owns 27,059 shares of the company's stock, valued at $1,308,302.65. This represents a 15.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 23,765 shares of company stock valued at $1,156,850. 0.30% of the stock is owned by insiders.

CNA Financial Stock Performance

CNA traded up $0.08 during midday trading on Friday, reaching $45.19. The company had a trading volume of 581,104 shares, compared to its average volume of 329,625. CNA Financial Corporation has a 12-month low of $44.09 and a 12-month high of $52.36. The business has a 50-day moving average price of $47.49 and a two-hundred day moving average price of $48.25. The stock has a market cap of $12.23 billion, a PE ratio of 13.78, a P/E/G ratio of 5.80 and a beta of 0.53. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.27 and a current ratio of 0.27.

CNA Financial (NYSE:CNA - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The insurance provider reported $1.03 EPS for the quarter, missing analysts' consensus estimates of $1.16 by ($0.13). CNA Financial had a return on equity of 11.99% and a net margin of 6.19%. The company had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.68 billion. During the same period last year, the firm posted $1.30 EPS. On average, sell-side analysts expect that CNA Financial Corporation will post 4.64 earnings per share for the current fiscal year.

CNA Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were paid a dividend of $0.46 per share. The ex-dividend date was Monday, May 19th. This represents a $1.84 annualized dividend and a dividend yield of 4.07%. CNA Financial's payout ratio is 56.10%.

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.