Ethic Inc. Has $1.26 Million Stake in CNA Financial Corporation $CNA

Key Points

• Ethic Inc. has increased its stake in CNA Financial Corporation by 41.2%, now holding a total of 24,850 shares worth approximately $1.26 million.
• CNA Financial's chairman, Dino Robusto, sold 6,250 shares for about $297,687, reducing his ownership in the company to approximately $33.6 million.
• The company announced a quarterly dividend of $0.46 per share, with a yield of 3.8%, set to be paid on September 4th to investors of record on August 18th.

Ethic Inc. increased its position in shares of CNA Financial Corporation (NYSE:CNA - Free Report) by 41.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 24,850 shares of the insurance provider's stock after buying an additional 7,257 shares during the period. Ethic Inc.'s holdings in CNA Financial were worth $1,264,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. increased its stake in shares of CNA Financial by 210.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 862,690 shares of the insurance provider's stock worth $43,816,000 after purchasing an additional 585,076 shares during the period. AQR Capital Management LLC increased its holdings in shares of CNA Financial by 41.4% during the 4th quarter. AQR Capital Management LLC now owns 1,939,336 shares of the insurance provider's stock worth $93,806,000 after purchasing an additional 567,926 shares during the period. First Trust Advisors LP raised its holdings in CNA Financial by 20.1% in the 4th quarter. First Trust Advisors LP now owns 1,486,853 shares of the insurance provider's stock valued at $71,919,000 after acquiring an additional 249,346 shares in the last quarter. Millennium Management LLC raised its stake in shares of CNA Financial by 229.1% in the fourth quarter. Millennium Management LLC now owns 268,139 shares of the insurance provider's stock valued at $12,970,000 after purchasing an additional 186,653 shares in the last quarter. Finally, Two Sigma Advisers LP lifted its holdings in shares of CNA Financial by 501.6% during the 4th quarter. Two Sigma Advisers LP now owns 154,000 shares of the insurance provider's stock worth $7,449,000 after acquiring an additional 128,400 shares during the period. Institutional investors and hedge funds own 98.45% of the company's stock.

CNA Financial Price Performance

CNA traded up $0.0010 during midday trading on Friday, reaching $49.3210. 299,559 shares of the company's stock were exchanged, compared to its average volume of 524,362. 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 business has a 50-day simple moving average of $45.69 and a two-hundred day simple moving average of $47.38. The firm has a market capitalization of $13.35 billion, a price-to-earnings ratio of 15.36, a price-to-earnings-growth ratio of 4.41 and a beta of 0.51. CNA Financial Corporation has a one year low of $43.29 and a one year high of $52.36.

CNA Financial (NYSE:CNA - Get Free Report) last issued its earnings results on Monday, August 4th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.94 by $0.29. The business had revenue of $3.37 billion during the quarter, compared to analysts' expectations 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 in the prior year, the firm posted $1.19 EPS. As a group, research analysts predict that CNA Financial Corporation 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, September 4th. Shareholders of record on Monday, August 18th will be issued a dividend of $0.46 per share. The ex-dividend date of this dividend is Monday, August 18th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.7%. CNA Financial's dividend payout ratio (DPR) is presently 57.32%.

Insider Activity at CNA Financial

In other news, Chairman Dino Robusto sold 6,250 shares of the company's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $47.63, for a total value of $297,687.50. Following the sale, the chairman owned 705,588 shares of the company's stock, valued at approximately $33,607,156.44. This represents a 0.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.30% of the company's stock.

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.