Cwm LLC Sells 6,839 Shares of CNA Financial Corporation $CNA

Key Points

• Cwm LLC reduced its stake in CNA Financial Corporation by 21.2% in Q2, selling 6,839 shares, leaving it with a total of 25,451 shares valued at $1,184,000.
• Insider selling included Chairman Dino Robusto, who sold 6,250 shares at $46.25 each, and CFO Scott R. Lindquist, who sold 10,000 shares at $48.81 each, resulting in significant decreases in their ownership positions.
• CNA Financial recently declared a quarterly dividend of $0.46, leading to an annualized dividend yield of 4.0% and a payout ratio of 57.32%.

Cwm LLC cut its holdings in CNA Financial Corporation (NYSE:CNA - Free Report) by 21.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,451 shares of the insurance provider's stock after selling 6,839 shares during the period. Cwm LLC's holdings in CNA Financial were worth $1,184,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. GAMMA Investing LLC grew its position in shares of 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 period. Hexagon Capital Partners LLC lifted its stake in CNA Financial by 56.4% in the 1st quarter. Hexagon Capital Partners LLC now owns 624 shares of the insurance provider's stock valued at $32,000 after purchasing an additional 225 shares during the last quarter. Applied Finance Capital Management LLC lifted its stake in CNA Financial by 3.4% in the 1st quarter. Applied Finance Capital Management LLC now owns 6,829 shares of the insurance provider's stock valued at $347,000 after purchasing an additional 227 shares during the last quarter. Signaturefd LLC grew its holdings in CNA Financial by 7.7% during the second quarter. Signaturefd LLC now owns 3,680 shares of the insurance provider's stock worth $171,000 after purchasing an additional 264 shares during the period. Finally, Amundi increased its position in CNA Financial by 5.3% during the first quarter. Amundi now owns 7,787 shares of the insurance provider's stock worth $395,000 after buying an additional 389 shares during the last quarter. Institutional investors and hedge funds own 98.45% of the company's stock.

Insider Activity

In other news, Chairman Dino Robusto sold 6,250 shares of the business's stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $46.25, for a total transaction of $289,062.50. Following the completion of the sale, the chairman directly owned 680,588 shares of the company's stock, valued at $31,477,195. The trade was a 0.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Scott R. Lindquist sold 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $48.81, for a total value of $488,100.00. Following the completion of the transaction, the chief financial officer owned 89,867 shares in the company, valued at $4,386,408.27. This represents a 10.01% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 30,880 shares of company stock worth $1,493,865 in the last quarter. Company insiders own 0.30% of the company's stock.

CNA Financial Trading Up 0.2%

Shares of CNA stock opened at $45.63 on Tuesday. CNA Financial Corporation has a twelve month low of $43.29 and a twelve month high of $51.42. The stock's fifty day simple moving average is $47.27 and its 200 day simple moving average is $46.77. 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 capitalization of $12.35 billion, a P/E ratio of 14.22, a P/E/G ratio of 3.99 and a beta of 0.50.

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 (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.29. The firm had revenue of $3.37 billion during the quarter, compared to analysts' expectations of $2.76 billion. CNA Financial had a net margin of 5.99% and a return on equity of 11.85%. During the same period in the prior year, the company posted $1.19 EPS. As a group, 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 declared a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Monday, August 18th were paid a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend was Monday, August 18th. CNA Financial's payout ratio is 57.32%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of CNA Financial in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, CNA Financial has an average rating of "Hold" and an average target price of $53.00.

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.

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