Bank of New York Mellon Corp Raises Stock Position in CNA Financial Corporation (NYSE:CNA)

Bank of New York Mellon Corp lifted its position in shares of CNA Financial Corporation (NYSE:CNA - Free Report) by 1.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,190,237 shares of the insurance provider's stock after purchasing an additional 13,127 shares during the period. Bank of New York Mellon Corp owned about 0.44% of CNA Financial worth $60,452,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of CNA Financial in the 1st quarter valued at approximately $887,000. Wealth Enhancement Advisory Services LLC lifted its stake in CNA Financial by 37.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 27,934 shares of the insurance provider's stock worth $1,419,000 after acquiring an additional 7,665 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of CNA Financial during the 1st quarter worth about $470,000. GAMMA Investing LLC boosted its position in shares of CNA Financial by 5,501.5% in the 1st quarter. GAMMA Investing LLC now owns 114,887 shares of the insurance provider's stock valued at $5,835,000 after purchasing an additional 112,836 shares during the period. Finally, Jefferies Financial Group Inc. acquired a new stake in shares of CNA Financial in the 4th quarter valued at approximately $387,000. 98.45% of the stock is owned by institutional investors and hedge funds.

CNA Financial Price Performance

CNA Financial stock traded down $0.83 during trading on Tuesday, reaching $43.34. The company had a trading volume of 507,155 shares, compared to its average volume of 351,858. The firm has a market capitalization of $11.73 billion, a PE ratio of 13.21, a price-to-earnings-growth ratio of 5.71 and a beta of 0.51. CNA Financial Corporation has a 1-year low of $43.35 and a 1-year high of $52.36. The firm's 50-day simple moving average is $46.70 and its 200 day simple moving average is $47.87. 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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.16 by ($0.13). CNA Financial had a net margin of 6.19% and a return on equity of 11.99%. The company had revenue of $3.63 billion during the quarter, compared to analysts' expectations of $3.68 billion. During the same quarter last year, the company earned $1.30 earnings per share. As a group, equities research analysts anticipate that CNA Financial Corporation will post 4.64 earnings per share for the current fiscal year.

CNA Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were issued a $0.46 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $1.84 annualized dividend and a yield of 4.25%. CNA Financial's dividend payout ratio is currently 56.10%.

Insiders Place Their Bets

In related news, Chairman Dino Robusto sold 6,250 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $47.63, for a total transaction of $297,687.50. Following the completion of the transaction, the chairman directly owned 705,588 shares in the company, valued at $33,607,156.44. This represents a 0.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Mark Steven James sold 5,015 shares of the stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $48.35, for a total transaction of $242,475.25. Following the transaction, the executive vice president owned 27,059 shares of the company's stock, valued at $1,308,302.65. This represents a 15.64% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 17,515 shares of company stock worth $837,725. 0.30% of the stock is currently owned by company insiders.

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.