Nisa Investment Advisors LLC Raises Stock Position in CNA Financial Corporation (NYSE:CNA)

Nisa Investment Advisors LLC boosted its stake in CNA Financial Corporation (NYSE:CNA - Free Report) by 57.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 38,120 shares of the insurance provider's stock after buying an additional 13,900 shares during the period. Nisa Investment Advisors LLC's holdings in CNA Financial were worth $1,936,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CNA. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of CNA Financial during the first quarter valued at approximately $887,000. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of CNA Financial by 37.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 27,934 shares of the insurance provider's stock valued at $1,419,000 after purchasing an additional 7,665 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of CNA Financial during the first quarter valued at approximately $470,000. GAMMA Investing LLC lifted its holdings in shares of CNA Financial by 5,501.5% during the first quarter. GAMMA Investing LLC now owns 114,887 shares of the insurance provider's stock valued at $5,835,000 after purchasing an additional 112,836 shares during the last quarter. Finally, Jefferies Financial Group Inc. purchased a new position in shares of CNA Financial during the fourth quarter valued at approximately $387,000. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

CNA Financial Stock Up 0.8%

NYSE CNA traded up $0.35 during mid-day trading on Thursday, reaching $44.11. The stock had a trading volume of 634,561 shares, compared to its average volume of 354,761. CNA Financial Corporation has a 1 year low of $43.29 and a 1 year high of $52.36. The stock has a market cap of $11.94 billion, a PE ratio of 13.45, a price-to-earnings-growth ratio of 5.71 and a beta of 0.51. The company has a fifty day moving average price of $46.34 and a 200 day moving average price of $47.75. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.27 and a quick ratio of 0.27.

CNA Financial (NYSE:CNA - Get Free Report) last posted its 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 period last year, the firm posted $1.30 EPS. On average, research analysts expect that CNA Financial Corporation will post 4.64 earnings per share for the current year.

CNA Financial Dividend Announcement

The business 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 was Monday, May 19th. This represents a $1.84 annualized dividend and a dividend yield of 4.17%. CNA Financial's dividend payout ratio (DPR) is 56.10%.

Insider Buying and Selling at CNA Financial

In related news, EVP Mark Steven James sold 5,015 shares of the company's stock in a transaction on 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 owned 27,059 shares of the company's stock, valued at approximately $1,308,302.65. This represents a 15.64% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Dino Robusto sold 6,250 shares of the company's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $47.63, for a total transaction 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. This represents a 0.88% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,515 shares of company stock valued at $837,725 over the last 90 days. 0.30% of the stock is currently owned by company insiders.

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.