Gotham Asset Management LLC Has $11.07 Million Stock Holdings in CNA Financial Corporation $CNA

Key Points

• Gotham Asset Management LLC increased its stake in CNA Financial Corporation by 34.7%, holding 218,018 shares valued at approximately $11.07 million as of the latest SEC disclosure.
• Several institutional investors also raised their positions in CNA Financial during the first quarter, with AQR Capital Management LLC boosting its stake by 21.4% and now owning shares valued at $119.09 million.
• CNA Financial recently reported an earnings per share (EPS) of $1.23 for the quarter, exceeding analyst expectations, and declared a quarterly dividend of $0.46 with a yield of 3.8%.

Gotham Asset Management LLC boosted its holdings in CNA Financial Corporation (NYSE:CNA - Free Report) by 34.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 218,018 shares of the insurance provider's stock after buying an additional 56,160 shares during the quarter. Gotham Asset Management LLC owned 0.08% of CNA Financial worth $11,073,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in CNA. Hexagon Capital Partners LLC increased its stake in CNA Financial by 56.4% in the first quarter. Hexagon Capital Partners LLC now owns 624 shares of the insurance provider's stock valued at $32,000 after acquiring an additional 225 shares during the period. True Wealth Design LLC grew its position in CNA Financial by 60.4% in the fourth 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. GAMMA Investing LLC lifted its stake in 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 purchasing an additional 211 shares during the last quarter. Atlas Capital Advisors Inc. bought a new stake in shares of CNA Financial during the 1st quarter worth about $158,000. Finally, Laird Norton Wetherby Wealth Management LLC acquired a new stake in CNA Financial in the 4th quarter worth about $200,000. Institutional investors and hedge funds own 98.45% of the company's stock.

CNA Financial Trading Up 1.2%

CNA traded up $0.56 during trading on Thursday, reaching $47.92. 113,877 shares of the company's stock were exchanged, compared to its average volume of 418,975. 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 Corporation has a one year low of $43.29 and a one year high of $51.42. The firm has a fifty day moving average price of $46.46 and a two-hundred day moving average price of $47.34. The stock has a market capitalization of $12.97 billion, a PE ratio of 14.93, a price-to-earnings-growth ratio of 4.23 and a beta of 0.54.

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 for the quarter, topping analysts' consensus estimates of $0.94 by $0.29. The firm had revenue of $3.37 billion during the quarter, compared to analyst estimates of $2.76 billion. CNA Financial had a net margin of 5.99% and a return on equity of 11.85%. During the same quarter last year, the business earned $1.19 earnings per share. As a group, equities research analysts forecast that CNA Financial Corporation will post 4.64 earnings per share for the current fiscal year.

CNA Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Monday, August 18th were paid a dividend of $0.46 per share. The ex-dividend date was Monday, August 18th. This represents a $1.84 annualized dividend and a dividend yield of 3.8%. CNA Financial's dividend payout ratio (DPR) is currently 57.32%.

Insider Activity

In other news, Chairman Dino Robusto sold 6,250 shares of CNA Financial stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $49.00, for a total value of $306,250.00. Following the completion of the transaction, the chairman owned 686,838 shares in the company, valued at approximately $33,655,062. This trade represents a 0.90% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Scott R. Lindquist sold 10,000 shares of CNA Financial stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $48.81, for a total value of $488,100.00. Following the transaction, the chief financial officer directly owned 89,867 shares in the company, valued at approximately $4,386,408.27. This trade represents a 10.01% decrease in their position. The disclosure for this sale can be found here. Insiders sold 24,630 shares of company stock worth $1,204,802 in the last quarter. 0.30% of the stock is owned by 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.