Mirae Asset Global Investments Co. Ltd. Invests $887,000 in CNA Financial Corporation (NYSE:CNA)

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

Several other hedge funds have also added to or reduced their stakes in the business. GAMMA Investing LLC lifted its holdings 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 during the last quarter. US Bancorp DE lifted its holdings in CNA Financial by 7.4% during the 4th quarter. US Bancorp DE now owns 3,703 shares of the insurance provider's stock valued at $179,000 after purchasing an additional 254 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in CNA Financial by 29.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,265 shares of the insurance provider's stock valued at $61,000 after purchasing an additional 286 shares during the last quarter. Tidal Investments LLC lifted its holdings in shares of CNA Financial by 2.1% during the fourth quarter. Tidal Investments LLC now owns 15,289 shares of the insurance provider's stock worth $740,000 after buying an additional 315 shares in the last quarter. Finally, Commerce Bank lifted its holdings in shares of CNA Financial by 2.6% during the fourth quarter. Commerce Bank now owns 12,856 shares of the insurance provider's stock worth $622,000 after buying an additional 320 shares in the last quarter. Institutional investors and hedge funds own 98.45% of the company's stock.

CNA Financial Stock Performance

Shares of CNA traded up $0.24 during midday trading on Friday, reaching $45.69. 429,136 shares of the stock were exchanged, compared to its average volume of 342,316. CNA Financial Corporation has a twelve month low of $44.57 and a twelve month high of $52.36. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.24. The company has a market cap of $12.36 billion, a P/E ratio of 13.93, a PEG ratio of 5.93 and a beta of 0.51. The stock's 50 day simple moving average is $47.05 and its 200 day simple moving average is $48.01.

CNA Financial (NYSE:CNA - Get Free Report) last issued its quarterly 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 quarter in the previous year, the business posted $1.30 EPS. On average, sell-side analysts expect that CNA Financial Corporation will post 4.64 earnings per share for the current year.

CNA Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 4.03%. The ex-dividend date was Monday, May 19th. CNA Financial's dividend payout ratio is presently 56.10%.

Insider Transactions at CNA Financial

In other CNA Financial news, Chairman Dino Robusto sold 6,250 shares of CNA Financial stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $47.61, for a total value of $297,562.50. Following the transaction, the chairman owned 711,838 shares in the company, valued at $33,890,607.18. The trade was a 0.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Mark Steven James sold 5,015 shares of the business's 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 sale, the executive vice president owned 27,059 shares in the company, valued at approximately $1,308,302.65. This trade represents a 15.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,515 shares of company stock worth $837,725. Company 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.