Deutsche Bank AG Purchases 83,670 Shares of CNA Financial Co. (NYSE:CNA)

Deutsche Bank AG raised its holdings in shares of CNA Financial Co. (NYSE:CNA - Free Report) by 27,890.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 83,970 shares of the insurance provider's stock after purchasing an additional 83,670 shares during the quarter. Deutsche Bank AG's holdings in CNA Financial were worth $4,062,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Cubist Systematic Strategies LLC lifted its holdings in CNA Financial by 3.7% during the fourth quarter. Cubist Systematic Strategies LLC now owns 98,801 shares of the insurance provider's stock valued at $4,779,000 after purchasing an additional 3,502 shares during the last quarter. Brevan Howard Capital Management LP purchased a new stake in CNA Financial during the fourth quarter valued at about $347,000. Blue Capital Inc. purchased a new stake in CNA Financial during the fourth quarter valued at about $967,000. Captrust Financial Advisors lifted its holdings in CNA Financial by 200.5% during the fourth quarter. Captrust Financial Advisors now owns 17,364 shares of the insurance provider's stock valued at $840,000 after purchasing an additional 11,586 shares during the last quarter. Finally, Caxton Associates LP lifted its holdings in CNA Financial by 15.1% during the fourth quarter. Caxton Associates LP now owns 32,371 shares of the insurance provider's stock valued at $1,566,000 after purchasing an additional 4,238 shares during the last quarter. 98.45% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other CNA Financial news, Chairman Dino Robusto purchased 3,896 shares of CNA Financial stock in a transaction on Thursday, March 13th. The shares were acquired at an average cost of $47.63 per share, for a total transaction of $185,566.48. Following the completion of the transaction, the chairman now directly owns 724,338 shares of the company's stock, valued at approximately $34,500,218.94. The trade was a 0.54% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Mark Steven James sold 5,015 shares of the stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $48.35, for a total transaction of $242,475.25. Following the transaction, the executive vice president now owns 27,059 shares in the company, valued at $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. Over the last three months, insiders have sold 36,756 shares of company stock worth $1,801,876. Insiders own 0.30% of the company's stock.

CNA Financial Price Performance

Shares of CNA Financial stock traded down $0.17 on Friday, reaching $46.94. The stock had a trading volume of 271,581 shares, compared to its average volume of 327,893. CNA Financial Co. has a 1 year low of $42.85 and a 1 year high of $52.36. The company has a market cap of $12.70 billion, a P/E ratio of 13.34, a price-to-earnings-growth ratio of 9.23 and a beta of 0.53. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.28. The business's 50 day moving average is $48.36 and its two-hundred day moving average is $48.59.

CNA Financial (NYSE:CNA - Get Free Report) last announced its quarterly 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 12.90% and a net margin of 6.72%. The firm had revenue of $3.63 billion during the quarter, compared to analysts' expectations of $3.68 billion. During the same period in the previous year, the company posted $1.30 earnings per share. As a group, research analysts anticipate that CNA Financial Co. will post 4.64 EPS for the current year.

CNA Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Investors of record on Monday, May 19th will be given a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 3.92%. The ex-dividend date of this dividend is Monday, May 19th. CNA Financial's dividend payout ratio (DPR) is 56.10%.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Wall Street Zen downgraded shares of CNA Financial from a "buy" rating to a "hold" rating in a report on Tuesday, February 11th. Keefe, Bruyette & Woods lowered their price target on shares of CNA Financial from $54.00 to $53.00 and set a "market perform" rating on the stock in a report on Wednesday, February 12th.

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.