CNA Financial Corporation $CNA Shares Sold by Deutsche Bank AG

Key Points

• Deutsche Bank AG significantly reduced its holdings in CNA Financial Corporation by 84.9% in the first quarter, selling 71,271 shares and owning 12,699 shares worth $645,000 at quarter-end.
• CNA Financial reported $1.23 earnings per share (EPS), beating analysts' estimates of $0.94, with a quarterly revenue of $3.37 billion.
• The company declared a quarterly dividend of $0.46 per share, representing an annualized yield of 3.8%, with a payout ratio of 57.32%.

Deutsche Bank AG trimmed its holdings in CNA Financial Corporation (NYSE:CNA - Free Report) by 84.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,699 shares of the insurance provider's stock after selling 71,271 shares during the quarter. Deutsche Bank AG's holdings in CNA Financial were worth $645,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in CNA. Hexagon Capital Partners LLC raised its position in shares of CNA Financial by 56.4% in the first quarter. Hexagon Capital Partners LLC now owns 624 shares of the insurance provider's stock worth $32,000 after acquiring an additional 225 shares during the period. True Wealth Design LLC raised its position in shares of CNA Financial by 60.4% during the 4th quarter. True Wealth Design LLC now owns 1,166 shares of the insurance provider's stock worth $56,000 after purchasing an additional 439 shares during the last quarter. GAMMA Investing LLC raised its holdings in CNA Financial by 10.3% in the 1st quarter. GAMMA Investing LLC now owns 2,262 shares of the insurance provider's stock valued at $115,000 after acquiring an additional 211 shares during the last quarter. Laird Norton Wetherby Wealth Management LLC acquired a new stake in CNA Financial in the 4th quarter valued at about $200,000. Finally, OMERS ADMINISTRATION Corp acquired a new stake in shares of CNA Financial during the 4th quarter worth approximately $203,000. 98.45% of the stock is owned by hedge funds and other institutional investors.

CNA Financial Trading Up 0.8%

Shares of NYSE CNA traded up $0.37 during midday trading on Friday, reaching $49.48. 291,567 shares of the stock were exchanged, compared to its average volume of 478,227. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.27 and a current ratio of 0.27. The stock has a market capitalization of $13.39 billion, a P/E ratio of 15.41, a PEG ratio of 4.39 and a beta of 0.51. The company has a 50 day simple moving average of $46.09 and a 200 day simple moving average of $47.38. CNA Financial Corporation has a twelve month low of $43.29 and a twelve month high of $52.36.

CNA Financial (NYSE:CNA - Get Free Report) last issued its quarterly 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. CNA Financial had a net margin of 5.99% and a return on equity of 11.85%. The company had revenue of $3.37 billion during the quarter, compared to analysts' expectations of $2.76 billion. During the same quarter last year, the company posted $1.19 EPS. As a group, equities analysts expect that CNA Financial Corporation will post 4.64 earnings per share for the current year.

CNA Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Monday, August 18th will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 3.7%. The ex-dividend date is Monday, August 18th. CNA Financial's dividend payout ratio (DPR) is currently 57.32%.

Insider Buying and Selling

In other CNA Financial news, Chairman Dino Robusto sold 6,250 shares of CNA Financial stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $47.63, for a total value of $297,687.50. Following the transaction, the chairman directly owned 705,588 shares in the company, 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 document filed with the SEC, which can be accessed through this hyperlink. 0.30% of the stock is owned by corporate insiders.

About CNA Financial

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.