Cwm LLC Boosts Stock Position in CNA Financial Corporation (NYSE:CNA)

CWM LLC lifted its holdings in shares of CNA Financial Corporation (NYSE:CNA - Free Report) by 49.8% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 32,290 shares of the insurance provider's stock after acquiring an additional 10,735 shares during the period. CWM LLC's holdings in CNA Financial were worth $1,640,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of CNA. Proficio Capital Partners LLC purchased a new stake in CNA Financial in the fourth quarter valued at approximately $819,000. HighTower Advisors LLC boosted its position in CNA Financial by 38.5% in the 4th quarter. HighTower Advisors LLC now owns 30,707 shares of the insurance provider's stock worth $1,485,000 after purchasing an additional 8,535 shares in the last quarter. Farther Finance Advisors LLC boosted its position in CNA Financial by 1,785.7% in the 4th quarter. Farther Finance Advisors LLC now owns 2,112 shares of the insurance provider's stock worth $102,000 after purchasing an additional 2,000 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in shares of CNA Financial by 1.0% during the 4th quarter. Commonwealth Equity Services LLC now owns 57,605 shares of the insurance provider's stock worth $2,786,000 after buying an additional 596 shares during the period. Finally, Royal London Asset Management Ltd. raised its stake in shares of CNA Financial by 71.3% during the 4th quarter. Royal London Asset Management Ltd. now owns 10,454 shares of the insurance provider's stock worth $506,000 after buying an additional 4,350 shares during the period. Hedge funds and other institutional investors own 98.45% of the company's stock.

CNA Financial Price Performance

Shares of CNA stock traded down $0.57 during trading hours on Monday, hitting $43.68. 400,438 shares of the company's stock were exchanged, compared to its average volume of 356,688. The firm has a 50 day moving average of $46.26 and a two-hundred day moving average of $47.72. CNA Financial Corporation has a fifty-two week low of $43.29 and a fifty-two week 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 0.24. The firm has a market cap of $11.82 billion, a P/E ratio of 13.32, a P/E/G ratio of 5.78 and a beta of 0.51.

CNA Financial (NYSE:CNA - Get Free Report) last issued its earnings results on Monday, May 5th. The insurance provider reported $1.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.16 by ($0.13). CNA Financial had a return on equity of 11.99% and a net margin of 6.19%. The company had revenue of $3.63 billion during the quarter, compared to analyst estimates of $3.68 billion. During the same period last year, the business earned $1.30 earnings per share. Sell-side analysts forecast that CNA Financial Corporation will post 4.64 EPS for the current year.

CNA Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date was Monday, May 19th. CNA Financial's dividend payout ratio is presently 56.10%.

Insiders Place Their Bets

In other news, EVP Mark Steven James sold 5,015 shares of the stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $48.35, for a total transaction of $242,475.25. Following the completion of the transaction, the executive vice president directly owned 27,059 shares in the company, valued at approximately $1,308,302.65. This represents a 15.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Dino Robusto sold 6,250 shares of the firm's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $47.61, for a total value of $297,562.50. Following the transaction, the chairman owned 711,838 shares of the company's stock, valued at $33,890,607.18. This trade represents a 0.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,515 shares of company stock valued at $837,725. Company insiders own 0.36% 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.