Jump Financial LLC Makes New Investment in CNA Financial Corporation $CNA

Key Points

• Jump Financial LLC acquired a new stake of 17,944 shares in CNA Financial Corporation, valued at approximately $911,000, highlighting ongoing interest from institutional investors.
• CNA Financial exceeded analyst expectations in its latest earnings report, posting an earnings per share of $1.23 against estimates of $0.94, with revenues significantly higher at $3.37 billion.
• The company announced a quarterly dividend of $0.46 per share, which translates to an annual yield of 3.7%, with a payout ratio of 57.32%.

Jump Financial LLC acquired a new position in shares of CNA Financial Corporation (NYSE:CNA - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 17,944 shares of the insurance provider's stock, valued at approximately $911,000.

Several other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC lifted its holdings in shares of 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 during the last quarter. Hexagon Capital Partners LLC increased its position 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 buying an additional 225 shares in the last quarter. Applied Finance Capital Management LLC raised its stake in CNA Financial by 3.4% in the first 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 last quarter. Tidal Investments LLC boosted its holdings in CNA Financial by 2.1% in the fourth quarter. Tidal Investments LLC now owns 15,289 shares of the insurance provider's stock worth $740,000 after acquiring an additional 315 shares in the last quarter. Finally, NDVR Inc. boosted its holdings in CNA Financial by 7.2% in the fourth quarter. NDVR Inc. now owns 5,439 shares of the insurance provider's stock worth $263,000 after acquiring an additional 363 shares in the last quarter. 98.45% of the stock is currently owned by institutional investors and hedge funds.

CNA Financial Stock Down 0.0%

Shares of CNA traded down $0.02 during mid-day trading on Thursday, hitting $48.91. 143,084 shares of the company traded hands, compared to its average volume of 421,728. The company has a market capitalization of $13.24 billion, a PE ratio of 15.25, a price-to-earnings-growth ratio of 4.43 and a beta of 0.54. 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 business has a 50 day moving average of $46.29 and a 200 day moving average of $47.38. CNA Financial Corporation has a 1-year low of $43.29 and a 1-year high of $52.24.

CNA Financial (NYSE:CNA - Get Free Report) last released its earnings results on Monday, August 4th. The insurance provider reported $1.23 earnings per share 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 the consensus estimate 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 firm earned $1.19 EPS. Equities research analysts anticipate that CNA Financial Corporation will post 4.64 EPS for the current year.

CNA Financial Announces Dividend

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

Insider Buying and Selling at CNA Financial

In other news, Chairman Dino Robusto sold 6,250 shares of the firm's 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 directly owned 686,838 shares in the company, valued at $33,655,062. This trade represents a 0.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.36% of the company's stock.

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.