Caxton Associates LLP Acquires New Holdings in 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 position in shares of CNA Financial Corporation (NYSE:CNA - Free Report) during the first quarter, according to its most recent 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.

A number of other large investors have also recently bought and sold shares of the company. AQR Capital Management LLC grew its stake in CNA Financial by 21.4% during the first quarter. AQR Capital Management LLC now owns 2,355,192 shares of the insurance provider's stock worth $119,090,000 after buying an additional 415,856 shares in the last quarter. Bank of New York Mellon Corp grew its stake in CNA Financial by 1.1% during the first quarter. Bank of New York Mellon Corp now owns 1,190,237 shares of the insurance provider's stock worth $60,452,000 after buying an additional 13,127 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of CNA Financial by 210.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 862,690 shares of the insurance provider's stock worth $43,816,000 after acquiring an additional 585,076 shares during the last quarter. CORDA Investment Management LLC. lifted its holdings in shares of CNA Financial by 0.7% in the first quarter. CORDA Investment Management LLC. now owns 665,982 shares of the insurance provider's stock worth $33,825,000 after acquiring an additional 4,450 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of CNA Financial by 2.0% in the first quarter. Vanguard Group Inc. now owns 556,695 shares of the insurance provider's stock worth $28,275,000 after acquiring an additional 11,019 shares during the last quarter. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at CNA Financial

In other news, Chairman Dino Robusto sold 6,250 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $49.00, for a total value of $306,250.00. Following the completion of the transaction, the chairman 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Scott R. Lindquist sold 10,000 shares of the firm'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 transaction of $488,100.00. Following the completion of the transaction, the chief financial officer owned 89,867 shares of the company's stock, valued at approximately $4,386,408.27. This trade represents a 10.01% 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 in the last three months. Company insiders own 0.36% of the company's stock.

CNA Financial Price Performance

Shares of CNA stock traded down $0.39 on Monday, reaching $47.12. The company had a trading volume of 39,801 shares, compared to its average volume of 416,857. The stock has a market capitalization of $12.75 billion, a PE ratio of 14.67, a price-to-earnings-growth ratio of 4.25 and a beta of 0.54. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.23. CNA Financial Corporation has a one year low of $43.29 and a one year high of $51.42. The business's 50-day moving average is $46.54 and its 200 day moving average is $47.31.

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 analysts' consensus estimates of $0.94 by $0.29. The firm had revenue of $3.37 billion during the quarter, compared to analysts' expectations of $2.76 billion. CNA Financial had a net margin of 5.99% and a return on equity of 11.85%. During the same quarter in the prior year, the business earned $1.19 earnings per share. Equities research analysts forecast that CNA Financial Corporation will post 4.64 EPS for the current fiscal 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 $0.46 dividend. The ex-dividend date of this dividend was Monday, August 18th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.9%. CNA Financial's dividend payout ratio 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.