Ethic Inc. Boosts 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. raised its stake in shares of CNA Financial Corporation (NYSE:CNA - Free Report) by 41.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,850 shares of the insurance provider's stock after purchasing an additional 7,257 shares during the period. Ethic Inc.'s holdings in CNA Financial were worth $1,264,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of CNA Financial during the 1st quarter valued at approximately $887,000. Wealth Enhancement Advisory Services LLC boosted its stake in CNA Financial by 37.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 27,934 shares of the insurance provider's stock worth $1,419,000 after buying an additional 7,665 shares during the period. SG Americas Securities LLC bought a new position in CNA Financial during the first quarter valued at $470,000. Nisa Investment Advisors LLC increased its position in CNA Financial by 57.4% during the first quarter. Nisa Investment Advisors LLC now owns 38,120 shares of the insurance provider's stock valued at $1,936,000 after acquiring an additional 13,900 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of CNA Financial by 5,501.5% in the first quarter. GAMMA Investing LLC now owns 114,887 shares of the insurance provider's stock valued at $5,835,000 after acquiring an additional 112,836 shares during the period. 98.45% of the stock is owned by institutional investors.

Insider Transactions at CNA Financial

In related news, Chairman Dino Robusto sold 6,250 shares of the business's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $47.63, for a total transaction of $297,687.50. Following the completion of the transaction, the chairman owned 705,588 shares in the company, valued at $33,607,156.44. The trade was a 0.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.36% of the stock is currently owned by insiders.

CNA Financial Trading Down 0.9%

Shares of CNA stock traded down $0.4250 during trading hours on Monday, reaching $48.9050. 354,510 shares of the stock were exchanged, compared to its average volume of 512,798. The firm has a market capitalization of $13.24 billion, a price-to-earnings ratio of 15.24, a price-to-earnings-growth ratio of 4.41 and a beta of 0.51. CNA Financial Corporation has a 12-month low of $43.29 and a 12-month high of $52.36. The company's 50-day moving average price is $45.76 and its 200-day moving average price is $47.35. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.23.

CNA Financial (NYSE:CNA - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The insurance provider reported $1.23 earnings per share for the quarter, topping analysts' consensus estimates of $0.94 by $0.29. CNA Financial had a net margin of 5.99% and a return on equity of 11.85%. The company had revenue of $3.37 billion for the quarter, compared to analyst estimates of $2.76 billion. During the same period in the prior year, the company posted $1.19 EPS. As a group, equities analysts anticipate that CNA Financial Corporation will post 4.64 earnings per share for the current year.

CNA Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Monday, August 18th will be paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Monday, August 18th. CNA Financial's dividend payout ratio (DPR) is currently 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.