Deutsche Bank AG Cuts Position in CNA Financial Corporation $CNA

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 lessened its stake in shares of CNA Financial Corporation (NYSE:CNA - Free Report) by 84.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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 large investors also recently bought and sold shares of the stock. Barclays PLC increased its holdings in shares of CNA Financial by 27.4% in the fourth quarter. Barclays PLC now owns 40,053 shares of the insurance provider's stock valued at $1,937,000 after purchasing an additional 8,609 shares during the period. Mariner LLC boosted its position in CNA Financial by 15.7% in the fourth quarter. Mariner LLC now owns 16,213 shares of the insurance provider's stock valued at $784,000 after buying an additional 2,202 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its holdings in CNA Financial by 119.8% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 12,447 shares of the insurance provider's stock worth $602,000 after buying an additional 6,784 shares during the period. Stifel Financial Corp raised its position in CNA Financial by 68.3% during the 4th quarter. Stifel Financial Corp now owns 9,812 shares of the insurance provider's stock worth $475,000 after buying an additional 3,983 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its holdings in shares of CNA Financial by 7.2% in the 4th quarter. Hsbc Holdings PLC now owns 64,662 shares of the insurance provider's stock valued at $3,128,000 after acquiring an additional 4,361 shares during the last quarter. Hedge funds and other institutional investors own 98.45% of the company's stock.

CNA Financial Stock Performance

Shares of NYSE:CNA traded up $0.37 during midday trading on Monday, reaching $49.48. The company's stock had a trading volume of 291,567 shares, compared to its average volume of 460,602. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.23. The stock has a fifty day moving average of $46.16 and a 200 day moving average of $47.36. CNA Financial Corporation has a twelve month low of $43.29 and a twelve month high of $52.36. The firm has a market capitalization of $13.39 billion, a PE ratio of 15.41, a P/E/G ratio of 4.43 and a beta of 0.54.

CNA Financial (NYSE:CNA - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The insurance provider reported $1.23 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.29. The company 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 period last year, the firm earned $1.19 EPS. On average, equities analysts expect that CNA Financial Corporation will post 4.64 EPS for the current fiscal year.

CNA Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Monday, August 18th will be given a $0.46 dividend. 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 is currently 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.