Mirae Asset Global Investments Co. Ltd. Purchases Shares of 17,657 CNA Financial Corporation (NYSE:CNA)

Mirae Asset Global Investments Co. Ltd. bought a new position in CNA Financial Corporation (NYSE:CNA - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 17,657 shares of the insurance provider's stock, valued at approximately $887,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CNA. GAMMA Investing LLC lifted its holdings in shares of CNA Financial by 10.3% during the first quarter. GAMMA Investing LLC now owns 2,262 shares of the insurance provider's stock worth $115,000 after buying an additional 211 shares during the last quarter. US Bancorp DE increased its holdings in shares of CNA Financial by 7.4% during the 4th quarter. US Bancorp DE now owns 3,703 shares of the insurance provider's stock worth $179,000 after purchasing an additional 254 shares during the period. Smartleaf Asset Management LLC increased its holdings in shares of CNA Financial by 29.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,265 shares of the insurance provider's stock worth $61,000 after purchasing an additional 286 shares during the period. Tidal Investments LLC increased its holdings in shares of 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 purchasing an additional 315 shares during the period. Finally, Commerce Bank increased its holdings in shares of 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 purchasing an additional 320 shares during the period. 98.45% of the stock is currently owned by institutional investors and hedge funds.

CNA Financial Stock Performance

Shares of NYSE:CNA traded down $0.15 on Tuesday, hitting $45.03. 532,563 shares of the company were exchanged, compared to its average volume of 344,230. The company's 50 day moving average price is $46.93 and its two-hundred day moving average price is $47.97. CNA Financial Corporation has a one year low of $44.41 and a one year high of $52.36. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.27 and a current ratio of 0.27. The firm has a market capitalization of $12.19 billion, a price-to-earnings ratio of 13.73, a PEG ratio of 5.86 and a beta of 0.51.

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

CNA Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 4.09%. The ex-dividend date was Monday, May 19th. CNA Financial's dividend payout ratio is presently 56.10%.

Insider Buying and Selling

In other news, EVP Mark Steven James sold 5,015 shares of the business's stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $48.35, for a total transaction of $242,475.25. Following the sale, the executive vice president directly owned 27,059 shares in the company, valued at approximately $1,308,302.65. The trade was a 15.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Dino Robusto sold 6,250 shares of the business's stock in a transaction that occurred on 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. This represents a 0.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 17,515 shares of company stock worth $837,725. 0.36% of the stock is currently owned by company insiders.

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.