GAMMA Investing LLC Raises Stake in CNA Financial Co. (NYSE:CNA)

GAMMA Investing LLC grew its stake in CNA Financial Co. (NYSE:CNA - Free Report) by 5,501.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 114,887 shares of the insurance provider's stock after purchasing an additional 112,836 shares during the quarter. GAMMA Investing LLC's holdings in CNA Financial were worth $5,835,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in CNA. EverSource Wealth Advisors LLC increased its stake in shares of CNA Financial by 663.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 771 shares of the insurance provider's stock worth $37,000 after acquiring an additional 670 shares in the last quarter. True Wealth Design LLC increased its stake in CNA Financial by 60.4% during the 4th quarter. True Wealth Design LLC now owns 1,166 shares of the insurance provider's stock valued at $56,000 after purchasing an additional 439 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in CNA Financial by 29.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,265 shares of the insurance provider's stock valued at $61,000 after purchasing an additional 286 shares in the last quarter. Quent Capital LLC increased its stake in CNA Financial by 28.3% during the 4th quarter. Quent Capital LLC now owns 1,475 shares of the insurance provider's stock valued at $71,000 after purchasing an additional 325 shares in the last quarter. Finally, Quantbot Technologies LP bought a new stake in CNA Financial during the 4th quarter valued at about $74,000. 98.45% of the stock is currently owned by institutional investors.

CNA Financial Stock Down 1.0%

NYSE:CNA traded down $0.45 on Friday, reaching $45.64. 335,197 shares of the stock traded hands, compared to its average volume of 325,065. The company has a market capitalization of $12.35 billion, a price-to-earnings ratio of 12.97, a PEG 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. CNA Financial Co. has a 12 month low of $42.85 and a 12 month high of $52.36. The company's fifty day simple moving average is $47.67 and its 200 day simple moving average is $48.42.

CNA Financial (NYSE:CNA - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The insurance provider reported $1.03 earnings per share for the quarter, missing analysts' consensus estimates of $1.16 by ($0.13). The firm had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $3.68 billion. CNA Financial had a net margin of 6.72% and a return on equity of 12.90%. During the same quarter in the prior year, the business posted $1.30 earnings per share. Equities analysts predict that CNA Financial Co. will post 4.64 EPS for the current fiscal year.

CNA Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were paid a dividend of $0.46 per share. The ex-dividend date was Monday, May 19th. This represents a $1.84 dividend on an annualized basis and a yield of 4.03%. CNA Financial's dividend payout ratio is currently 56.10%.

Insider Buying and Selling at CNA Financial

In other news, CAO Daniel Paul Franzetti sold 12,991 shares of CNA Financial stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $49.06, for a total value of $637,338.46. Following the completion of the sale, the chief accounting officer now directly owns 75,612 shares in the company, valued at $3,709,524.72. The trade was a 14.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Mark Steven James sold 5,015 shares of the firm's stock in a transaction that occurred 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 now directly owns 27,059 shares in the company, valued at approximately $1,308,302.65. The trade was a 15.64% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 43,006 shares of company stock worth $2,099,564. 0.30% of the stock is owned by corporate insiders.

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.