Bank of New York Mellon Corp Buys 13,127 Shares of CNA Financial Corporation (NYSE:CNA)

Bank of New York Mellon Corp increased its stake in CNA Financial Corporation (NYSE:CNA - Free Report) by 1.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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 approximately 0.44% of CNA Financial worth $60,452,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in CNA. EverSource Wealth Advisors LLC grew its stake in CNA Financial by 663.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 771 shares of the insurance provider's stock valued at $37,000 after purchasing an additional 670 shares in the last quarter. True Wealth Design LLC grew its stake in shares of CNA Financial by 60.4% in the fourth quarter. True Wealth Design LLC now owns 1,166 shares of the insurance provider's stock valued at $56,000 after buying an additional 439 shares in the last quarter. Quantbot Technologies LP acquired a new position in CNA Financial during the fourth quarter worth $74,000. Covestor Ltd increased its holdings in CNA Financial by 33.4% during the fourth quarter. Covestor Ltd now owns 2,079 shares of the insurance provider's stock worth $100,000 after buying an additional 521 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its position in CNA Financial by 1,785.7% during the fourth quarter. Farther Finance Advisors LLC now owns 2,112 shares of the insurance provider's stock worth $102,000 after acquiring an additional 2,000 shares in the last quarter. Institutional investors own 98.45% of the company's stock.

Insider Activity

In other CNA Financial news, Chairman Dino Robusto sold 6,250 shares of the firm's stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $47.61, for a total transaction of $297,562.50. Following the transaction, the chairman owned 711,838 shares in the company, valued at $33,890,607.18. This trade represents a 0.87% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Mark Steven James sold 5,015 shares of the company's stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $48.35, for a total value of $242,475.25. Following the sale, the executive vice president owned 27,059 shares of the company's stock, valued at approximately $1,308,302.65. The trade was a 15.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,515 shares of company stock worth $837,725 over the last 90 days. 0.30% of the stock is currently owned by corporate insiders.

CNA Financial Stock Performance

Shares of CNA opened at $43.92 on Friday. CNA Financial Corporation has a one year low of $43.55 and a one year high of $52.36. The company has a market cap of $11.89 billion, a PE ratio of 13.39, a price-to-earnings-growth ratio of 5.70 and a beta of 0.51. The firm has a 50-day moving average of $46.70 and a 200-day moving average of $47.88. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.27 and a quick ratio of 0.27.

CNA Financial (NYSE:CNA - Get Free Report) last posted its 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 return on equity of 11.99% and a net margin of 6.19%. The company had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.68 billion. During the same quarter in the prior year, the business posted $1.30 EPS. As a group, equities analysts forecast that CNA Financial Corporation will post 4.64 earnings per share for the current year.

CNA Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were given a $0.46 dividend. The ex-dividend date was Monday, May 19th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 4.19%. CNA Financial's payout ratio is presently 56.10%.

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.

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