Impact Partnership Wealth LLC Reduces Stock Position in CNA Financial Corporation (NYSE:CNA)

Impact Partnership Wealth LLC lessened its stake in CNA Financial Corporation (NYSE:CNA - Free Report) by 46.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,884 shares of the insurance provider's stock after selling 7,800 shares during the quarter. Impact Partnership Wealth LLC's holdings in CNA Financial were worth $451,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. GAMMA Investing LLC boosted 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 purchasing an additional 211 shares during the period. Hexagon Capital Partners LLC grew its position in shares of CNA Financial by 56.4% during the 1st quarter. Hexagon Capital Partners LLC now owns 624 shares of the insurance provider's stock worth $32,000 after buying an additional 225 shares during the period. Tidal Investments LLC boosted its stake in CNA Financial by 2.1% during the 4th quarter. Tidal Investments LLC now owns 15,289 shares of the insurance provider's stock worth $740,000 after acquiring an additional 315 shares during the last quarter. Commerce Bank boosted its stake in CNA Financial by 2.6% during the 4th quarter. Commerce Bank now owns 12,856 shares of the insurance provider's stock worth $622,000 after acquiring an additional 320 shares during the last quarter. Finally, NDVR Inc. lifted 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 buying an additional 363 shares in the last quarter. Institutional investors and hedge funds own 98.45% of the company's stock.

CNA Financial Stock Performance

Shares of NYSE:CNA traded up $0.80 on Tuesday, hitting $44.50. The company had a trading volume of 306,613 shares, compared to its average volume of 356,566. CNA Financial Corporation has a 1-year low of $43.29 and a 1-year high of $52.36. The stock has a market cap of $12.04 billion, a price-to-earnings ratio of 13.57, a P/E/G ratio of 5.78 and a beta of 0.51. The stock has a 50 day moving average price of $46.26 and a 200 day moving average price of $47.72. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.24.

CNA Financial (NYSE:CNA - Get Free Report) last posted its earnings results on Monday, May 5th. The insurance provider reported $1.03 EPS for the quarter, missing analysts' consensus estimates of $1.16 by ($0.13). CNA Financial had a return on equity of 11.99% and a net margin of 6.19%. The company had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.68 billion. During the same period last year, the company posted $1.30 EPS. Analysts expect that CNA Financial Corporation will post 4.64 EPS for the current year.

CNA Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 4.13%. The ex-dividend date of this dividend was Monday, May 19th. CNA Financial's dividend payout ratio is 56.10%.

Insiders Place Their Bets

In other CNA Financial news, Chairman Dino Robusto sold 6,250 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $47.63, for a total value of $297,687.50. Following the completion of the sale, the chairman owned 705,588 shares of the company's stock, valued at $33,607,156.44. This represents a 0.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mark Steven James sold 5,015 shares of the business's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $48.35, for a total value of $242,475.25. Following the completion of the sale, the executive vice president owned 27,059 shares of the company's stock, valued at $1,308,302.65. The trade was a 15.64% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,515 shares of company stock worth $837,725 over the last ninety days. Insiders own 0.36% 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.