Caxton Associates LLP Acquires Shares of 22,840 CNA Financial Corporation $CNA

Key Points

• Caxton Associates LLP has acquired a stake of 22,840 shares in CNA Financial Corporation, valued at around $1.16 million, according to its recent SEC filing.
• Insider trading activity showed the Chairman and CFO sold a combined total of 16,250 shares for over $794,000, indicating a decrease in their ownership of the stock.
• CNA Financial reported an earnings per share of $1.23 for the recent quarter, outperforming analyst estimates, with a quarterly revenue of $3.37 billion.

Caxton Associates LLP acquired a new stake in shares of CNA Financial Corporation (NYSE:CNA - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 22,840 shares of the insurance provider's stock, valued at approximately $1,160,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of CNA. Hexagon Capital Partners LLC raised its stake in CNA Financial by 56.4% during the first quarter. Hexagon Capital Partners LLC now owns 624 shares of the insurance provider's stock valued at $32,000 after buying an additional 225 shares in the last quarter. True Wealth Design LLC raised its stake in CNA Financial by 60.4% during 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. GAMMA Investing LLC raised its stake in CNA Financial by 10.3% during the first quarter. GAMMA Investing LLC now owns 2,262 shares of the insurance provider's stock valued at $115,000 after buying an additional 211 shares in the last quarter. Atlas Capital Advisors Inc. bought a new position in shares of CNA Financial during the first quarter valued at approximately $158,000. Finally, Laird Norton Wetherby Wealth Management LLC bought a new position in shares of CNA Financial during the fourth quarter valued at approximately $200,000. Institutional investors and hedge funds own 98.45% of the company's stock.

Insider Activity at CNA Financial

In other news, Chairman Dino Robusto sold 6,250 shares of the company's 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 transaction, the chairman directly owned 686,838 shares of the company's stock, valued at approximately $33,655,062. This represents a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction, the chief financial officer directly owned 89,867 shares of the company's stock, valued at $4,386,408.27. This trade represents a 10.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 24,630 shares of company stock valued at $1,204,802 over the last ninety days. Corporate insiders own 0.36% of the company's stock.

CNA Financial Stock Down 0.8%

NYSE:CNA opened at $47.31 on Wednesday. The firm has a market capitalization of $12.81 billion, a PE ratio of 14.74, a price-to-earnings-growth ratio of 4.27 and a beta of 0.54. The stock has a 50 day moving average of $46.42 and a 200-day moving average of $47.34. CNA Financial Corporation has a 52 week low of $43.29 and a 52 week high of $51.91. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.23.

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, beating the consensus estimate of $0.94 by $0.29. The company had revenue of $3.37 billion during the quarter, compared to analyst estimates of $2.76 billion. CNA Financial had a return on equity of 11.85% and a net margin of 5.99%.During the same period in the prior year, the company earned $1.19 earnings per share. Analysts predict that CNA Financial Corporation will post 4.64 EPS for the current year.

CNA Financial Announces Dividend

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

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