Gotham Asset Management LLC Purchases 56,160 Shares of 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 increased its stake in CNA Financial Corporation (NYSE:CNA - Free Report) by 34.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 218,018 shares of the insurance provider's stock after purchasing an additional 56,160 shares during the period. Gotham Asset Management LLC owned approximately 0.08% of CNA Financial worth $11,073,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of CNA. GAMMA Investing LLC increased its holdings 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 buying an additional 211 shares during the period. Hexagon Capital Partners LLC increased its holdings in CNA Financial by 56.4% in the 1st quarter. Hexagon Capital Partners LLC now owns 624 shares of the insurance provider's stock valued at $32,000 after buying an additional 225 shares during the period. Applied Finance Capital Management LLC increased its holdings in CNA Financial by 3.4% in the 1st quarter. Applied Finance Capital Management LLC now owns 6,829 shares of the insurance provider's stock valued at $347,000 after buying an additional 227 shares during the period. Tidal Investments LLC increased its stake in CNA Financial by 2.1% in the fourth quarter. Tidal Investments LLC now owns 15,289 shares of the insurance provider's stock valued at $740,000 after acquiring an additional 315 shares during the last quarter. Finally, NDVR Inc. increased its stake in CNA Financial by 7.2% in the fourth quarter. NDVR Inc. now owns 5,439 shares of the insurance provider's stock valued at $263,000 after acquiring an additional 363 shares during the last quarter. Institutional investors own 98.45% of the company's stock.

Insider Transactions at CNA Financial

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

CNA Financial Price Performance

NYSE:CNA traded down $0.03 during mid-day trading on Friday, reaching $47.86. The stock had a trading volume of 49,845 shares, compared to its average volume of 417,758. The stock has a 50-day simple moving average of $46.51 and a two-hundred day simple moving average of $47.34. The stock has a market capitalization of $12.96 billion, a PE ratio of 14.91, a P/E/G ratio of 4.24 and a beta of 0.54. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.27 and a quick ratio of 0.27. CNA Financial Corporation has a 12 month low of $43.29 and a 12 month high of $51.42.

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

CNA Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Monday, August 18th were given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date was Monday, August 18th. CNA Financial's payout ratio is currently 57.32%.

CNA Financial Profile

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.