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

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

Other institutional investors have also recently made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its stake in shares of CNA Financial by 663.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 771 shares of the insurance provider's stock worth $37,000 after acquiring an additional 670 shares during the last quarter. True Wealth Design LLC boosted its stake in shares of CNA Financial by 60.4% in the fourth quarter. True Wealth Design LLC now owns 1,166 shares of the insurance provider's stock worth $56,000 after acquiring an additional 439 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of CNA Financial by 29.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,265 shares of the insurance provider's stock worth $61,000 after acquiring an additional 286 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of CNA Financial in the fourth quarter worth approximately $74,000. Finally, Covestor Ltd boosted its stake in shares of CNA Financial by 33.4% in the fourth quarter. Covestor Ltd now owns 2,079 shares of the insurance provider's stock worth $100,000 after acquiring an additional 521 shares during the last quarter. 98.45% of the stock is owned by institutional investors and hedge funds.

CNA Financial Trading Up 0.5%

NYSE CNA traded up $0.24 on Friday, reaching $45.69. 429,136 shares of the company were exchanged, compared to its average volume of 341,881. The business's fifty day moving average price is $47.05 and its 200 day moving average price is $48.00. The stock has a market capitalization of $12.36 billion, a P/E ratio of 13.93, a price-to-earnings-growth ratio of 5.93 and a beta of 0.51. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.24. CNA Financial Corporation has a fifty-two week low of $44.42 and a fifty-two week high of $52.36.

CNA Financial (NYSE:CNA - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The insurance provider reported $1.03 earnings per share for the quarter, missing analysts' consensus estimates of $1.16 by ($0.13). The company had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.68 billion. CNA Financial had a return on equity of 11.99% and a net margin of 6.19%. During the same period last year, the firm posted $1.30 EPS. Analysts forecast 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 paid a $0.46 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 4.03%. CNA Financial's payout ratio is presently 56.10%.

Insider Buying and Selling at CNA Financial

In other CNA Financial news, Chairman Dino Robusto sold 6,250 shares of CNA Financial stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $47.63, for a total value of $297,687.50. Following the completion of the transaction, the chairman directly owned 705,588 shares of the company's stock, valued at $33,607,156.44. The trade was a 0.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Mark Steven James sold 5,015 shares of CNA Financial stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $48.35, for a total value of $242,475.25. Following the completion of the transaction, the executive vice president directly owned 27,059 shares of the company's stock, valued at approximately $1,308,302.65. This represents a 15.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 17,515 shares of company stock worth $837,725 in the last quarter. Company insiders own 0.30% 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.