Charles Schwab Investment Management Inc. Has $43.82 Million Holdings in CNA Financial Corporation $CNA

Charles Schwab Investment Management Inc. boosted its holdings in shares of CNA Financial Corporation (NYSE:CNA - Free Report) by 210.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 862,690 shares of the insurance provider's stock after acquiring an additional 585,076 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.32% of CNA Financial worth $43,816,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CNA. AQR Capital Management LLC lifted its holdings in CNA Financial by 41.4% during the fourth quarter. AQR Capital Management LLC now owns 1,939,336 shares of the insurance provider's stock worth $93,806,000 after acquiring an additional 567,926 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of CNA Financial by 20.1% in the fourth quarter. First Trust Advisors LP now owns 1,486,853 shares of the insurance provider's stock valued at $71,919,000 after purchasing an additional 249,346 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of CNA Financial by 229.1% in the fourth quarter. Millennium Management LLC now owns 268,139 shares of the insurance provider's stock valued at $12,970,000 after purchasing an additional 186,653 shares in the last quarter. Two Sigma Advisers LP lifted its holdings in shares of CNA Financial by 501.6% in the fourth quarter. Two Sigma Advisers LP now owns 154,000 shares of the insurance provider's stock valued at $7,449,000 after purchasing an additional 128,400 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of CNA Financial by 5,501.5% in the first 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 in the last quarter. 98.45% of the stock is currently owned by institutional investors.

CNA Financial Stock Up 0.2%

Shares of CNA Financial stock traded up $0.1220 during trading on Friday, reaching $49.4420. The stock had a trading volume of 33,174 shares, compared to its average volume of 424,019. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.23. The stock has a fifty day moving average price of $45.61 and a two-hundred day moving average price of $47.38. The company has a market capitalization of $13.38 billion, a price-to-earnings ratio of 15.42, a P/E/G ratio of 4.38 and a beta of 0.51. CNA Financial Corporation has a 52 week low of $43.29 and a 52 week high of $52.36.

CNA Financial (NYSE:CNA - Get Free Report) last released its earnings results on Monday, August 4th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.94 by $0.29. The business had revenue of $3.37 billion for the quarter, compared to the consensus estimate of $2.76 billion. CNA Financial had a return on equity of 11.85% and a net margin of 5.99%.During the same quarter in the previous year, the business earned $1.19 earnings per share. Sell-side analysts predict 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 will be paid on Thursday, September 4th. Investors of record on Monday, August 18th will be given a $0.46 dividend. The ex-dividend date of this dividend is Monday, August 18th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.7%. CNA Financial's payout ratio is currently 57.32%.

Insider Activity

In related news, Chairman Dino Robusto sold 6,250 shares of CNA Financial stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $47.63, for a total value of $297,687.50. Following the sale, the chairman owned 705,588 shares of the company's stock, valued at approximately $33,607,156.44. The trade was a 0.88% 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. Corporate insiders own 0.30% of the company's stock.

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.