CNA Financial Corporation (NYSE:CNA) Shares Sold by LSV Asset Management

Key Points

• LSV Asset Management has reduced its stake in CNA Financial Corporation by 4.0%, now holding approximately 0.35% of the company with a valuation of $48.67 million.
• Other hedge funds have increased their positions in CNA Financial, with Hexagon Capital Partners LLC raising its stake by 56.4% and GAMMA Investing LLC boosting its position by 10.3%.
• CNA Financial recently reported earnings of $1.03 per share, which missed analysts' estimates, alongside a quarterly dividend of $0.46 per share, showcasing a dividend yield of 4.2%.

LSV Asset Management cut its stake in shares of CNA Financial Corporation (NYSE:CNA - Free Report) by 4.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 958,307 shares of the insurance provider's stock after selling 40,200 shares during the quarter. LSV Asset Management owned 0.35% of CNA Financial worth $48,672,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Commerce Bank lifted its holdings in shares of CNA Financial by 15.9% during the first quarter. Commerce Bank now owns 14,901 shares of the insurance provider's stock worth $757,000 after purchasing an additional 2,045 shares during the period. US Bancorp DE raised its position in CNA Financial by 12.4% in the first quarter. US Bancorp DE now owns 4,164 shares of the insurance provider's stock worth $211,000 after acquiring an additional 461 shares in the last quarter. Torray Investment Partners LLC raised its position in CNA Financial by 5.8% in the first quarter. Torray Investment Partners LLC now owns 97,223 shares of the insurance provider's stock worth $4,938,000 after acquiring an additional 5,303 shares in the last quarter. SlateStone Wealth LLC raised its position in CNA Financial by 2.7% in the first quarter. SlateStone Wealth LLC now owns 23,320 shares of the insurance provider's stock worth $1,184,000 after acquiring an additional 610 shares in the last quarter. Finally, Vestcor Inc raised its position in CNA Financial by 9.0% in the first quarter. Vestcor Inc now owns 11,866 shares of the insurance provider's stock worth $603,000 after acquiring an additional 977 shares in the last quarter. 98.45% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Mark Steven James sold 5,015 shares of CNA Financial stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $48.35, for a total value of $242,475.25. Following the transaction, the executive vice president directly 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 transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman Dino Robusto sold 6,250 shares of the firm's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $47.63, for a total value of $297,687.50. Following the sale, the chairman owned 705,588 shares in the company, valued at approximately $33,607,156.44. The trade was a 0.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.30% of the company's stock.

CNA Financial Price Performance

NYSE:CNA traded down $0.06 during trading hours on Thursday, hitting $47.54. The company's stock had a trading volume of 31,283 shares, compared to its average volume of 420,862. CNA Financial Corporation has a 52-week low of $43.29 and a 52-week high of $52.36. The company has a market capitalization of $12.87 billion, a PE ratio of 14.81, a PEG ratio of 5.80 and a beta of 0.51. The business's 50-day moving average is $45.43 and its two-hundred day moving average is $47.47. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.27 and a current ratio of 0.27.

CNA Financial (NYSE:CNA - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The insurance provider reported $1.23 EPS for the quarter, topping analysts' consensus estimates of $0.94 by $0.29. CNA Financial had a return on equity of 11.85% and a net margin of 5.99%. The firm had revenue of $3.37 billion during the quarter, compared to analysts' expectations of $2.76 billion. During the same quarter last year, the business posted $1.19 EPS. As a group, research analysts anticipate that CNA Financial Corporation will post 4.64 EPS for the current fiscal year.

CNA Financial Announces Dividend

The company 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. This represents a $1.84 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Monday, August 18th. CNA Financial's payout ratio is currently 56.10%.

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.