Invesco Ltd. Has $6.49 Million Stock Position in CNA Financial Corporation $CNA

Key Points

• Invesco Ltd. reduced its stake in CNA Financial Corporation by 5.8%, now holding 127,703 shares valued at approximately $6.49 million.
• Several institutional investors increased their positions in CNA, with AQR Capital Management raising its stake by 41.4%, now owning 1.94 million shares valued at nearly $93.81 million.
• CNA Financial announced a quarterly dividend of $0.46 per share, reflecting an annualized yield of 3.8% and a payout ratio of 57.32%.

Invesco Ltd. lessened its stake in shares of CNA Financial Corporation (NYSE:CNA - Free Report) by 5.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 127,703 shares of the insurance provider's stock after selling 7,822 shares during the quarter. Invesco Ltd.'s holdings in CNA Financial were worth $6,486,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hexagon Capital Partners LLC boosted its stake in CNA Financial by 56.4% during the 1st quarter. Hexagon Capital Partners LLC now owns 624 shares of the insurance provider's stock valued at $32,000 after purchasing an additional 225 shares in the last quarter. True Wealth Design LLC boosted 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. GAMMA Investing LLC boosted its stake in CNA Financial by 10.3% during 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 in the last quarter. Atlas Capital Advisors Inc. bought a new position in CNA Financial during the 1st quarter valued at $158,000. Finally, Laird Norton Wetherby Wealth Management LLC bought a new position in CNA Financial during the 4th quarter valued at $200,000. Institutional investors own 98.45% of the company's stock.

CNA Financial Price Performance

NYSE CNA traded up $0.37 on Friday, reaching $49.48. 291,567 shares of the stock traded hands, compared to its average volume of 478,227. The firm's fifty day simple moving average is $46.09 and its 200 day simple moving average is $47.38. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.23. The company has a market cap of $13.39 billion, a price-to-earnings ratio of 15.41, a P/E/G ratio of 4.39 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.

CNA Financial (NYSE:CNA - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.29. The company had revenue of $3.37 billion for the quarter, compared to analysts' expectations 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 in the previous year, the company posted $1.19 EPS. As a group, research analysts predict that CNA Financial Corporation will post 4.64 EPS for the current fiscal year.

CNA Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Monday, August 18th will be paid a $0.46 dividend. The ex-dividend date of this dividend is Monday, August 18th. This represents a $1.84 annualized dividend and a dividend yield of 3.7%. CNA Financial's payout ratio is currently 57.32%.

Insider Buying and Selling at CNA Financial

In related news, Chairman Dino Robusto sold 6,250 shares of CNA Financial stock in a transaction 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 transaction, the chairman directly owned 705,588 shares in the company, valued at $33,607,156.44. The trade was a 0.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.30% of the stock is currently owned by corporate insiders.

CNA Financial Company 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.