CNA Financial Corporation (NYSE:CNA) Shares Sold by Connor Clark & Lunn Investment Management Ltd.

Key Points

• Connor Clark & Lunn Investment Management Ltd. reduced its holdings in CNA Financial Corporation by 31.3% during the first quarter, now owning 93,840 shares valued at approximately $4.77 million.
• Insider transactions included EVP Mark Steven James selling 5,015 shares and Chairman Dino Robusto selling 6,250 shares, representing decreases of 15.64% and 0.88% in their respective positions.
• CNA Financial declared a quarterly dividend of $0.46, with an annualized dividend yield of 3.9%, and is expected to report an EPS of 4.64 for the current fiscal year.

Connor Clark & Lunn Investment Management Ltd. lowered its stake in shares of CNA Financial Corporation (NYSE:CNA - Free Report) by 31.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 93,840 shares of the insurance provider's stock after selling 42,807 shares during the period. Connor Clark & Lunn Investment Management Ltd.'s holdings in CNA Financial were worth $4,766,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CNA. Hexagon Capital Partners LLC boosted 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 worth $32,000 after buying an additional 225 shares during the last quarter. True Wealth Design LLC boosted 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 worth $56,000 after buying an additional 439 shares during the last quarter. GAMMA Investing LLC boosted 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 worth $115,000 after buying an additional 211 shares during the last quarter. Federated Hermes Inc. acquired a new position in CNA Financial during the fourth quarter worth $167,000. Finally, Laird Norton Wetherby Wealth Management LLC acquired a new position in CNA Financial during the fourth quarter worth $200,000. Institutional investors and hedge funds own 98.45% of the company's stock.

Insider Transactions at CNA Financial

In related news, Chairman Dino Robusto sold 6,250 shares of CNA Financial stock in a transaction that occurred 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 completion of the transaction, the chairman 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Mark Steven James sold 5,015 shares of the stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $48.35, for a total value of $242,475.25. Following the completion of the sale, the executive vice president owned 27,059 shares in the company, valued at approximately $1,308,302.65. The trade was a 15.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.30% of the company's stock.

CNA Financial Trading Up 0.0%

NYSE:CNA traded up $0.01 on Friday, reaching $47.72. The company's stock had a trading volume of 354,357 shares, compared to its average volume of 527,925. CNA Financial Corporation has a 12-month low of $43.29 and a 12-month high of $52.36. 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 firm has a market cap of $12.92 billion, a price-to-earnings ratio of 14.87, a price-to-earnings-growth ratio of 4.37 and a beta of 0.51. The stock has a 50 day moving average price of $45.42 and a 200 day moving average price of $47.38.

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 analysts' consensus estimates of $0.94 by $0.29. CNA Financial had a return on equity of 11.85% and a net margin of 5.99%. The company had revenue of $3.37 billion for the quarter, compared to the consensus estimate of $2.76 billion. During the same quarter in the previous year, the business earned $1.19 earnings per share. On average, equities analysts anticipate that CNA Financial Corporation will post 4.64 EPS for the current fiscal year.

CNA Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Monday, August 18th will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Monday, August 18th. CNA Financial's dividend payout ratio (DPR) is 57.32%.

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.