CNA Financial Corporation (NYSE:CNA) Shares Bought by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC grew its stake in CNA Financial Corporation (NYSE:CNA - Free Report) by 57.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,120 shares of the insurance provider's stock after acquiring 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.

A number of other hedge funds have also added to or reduced their stakes in CNA. AQR Capital Management LLC grew its stake in CNA Financial by 41.4% in the 4th quarter. AQR Capital Management LLC now owns 1,939,336 shares of the insurance provider's stock worth $93,806,000 after acquiring an additional 567,926 shares in the last quarter. Norges Bank bought a new position in CNA Financial in the 4th quarter worth about $14,859,000. Raymond James Financial Inc. bought a new position in CNA Financial in the 4th quarter worth about $13,129,000. First Trust Advisors LP grew its stake in CNA Financial by 20.1% in the 4th quarter. First Trust Advisors LP now owns 1,486,853 shares of the insurance provider's stock worth $71,919,000 after acquiring an additional 249,346 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in shares of CNA Financial by 229.1% during the fourth quarter. Millennium Management LLC now owns 268,139 shares of the insurance provider's stock valued at $12,970,000 after purchasing an additional 186,653 shares in the last quarter. 98.45% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, EVP Mark Steven James sold 5,015 shares of the stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $48.35, for a total transaction of $242,475.25. Following the transaction, the executive vice president directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Dino Robusto sold 6,250 shares of the firm's stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $47.61, for a total transaction of $297,562.50. Following the completion of the sale, the chairman owned 711,838 shares of the company's stock, valued at approximately $33,890,607.18. This trade represents a 0.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,515 shares of company stock worth $837,725. Insiders own 0.36% of the company's stock.

CNA Financial Stock Down 1.9%

Shares of NYSE CNA traded down $0.83 during midday trading on Tuesday, reaching $43.34. 609,076 shares of the company's stock traded hands, compared to its average volume of 352,292. 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 stock's 50 day simple moving average is $46.52 and its 200-day simple moving average is $47.81. CNA Financial Corporation has a one year low of $43.35 and a one year high of $52.36. The company has a market cap of $11.73 billion, a price-to-earnings ratio of 13.21, a P/E/G ratio of 5.73 and a beta of 0.51.

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 (EPS) for the quarter, missing analysts' consensus estimates of $1.16 by ($0.13). CNA Financial had a net margin of 6.19% and a return on equity of 11.99%. The business had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $3.68 billion. During the same quarter in the prior year, the business posted $1.30 earnings per share. On average, analysts predict that CNA Financial Corporation will post 4.64 EPS for the current fiscal year.

CNA Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Stockholders of record on Monday, May 19th were paid a dividend of $0.46 per share. The ex-dividend date was Monday, May 19th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 4.25%. CNA Financial's dividend payout ratio is presently 56.10%.

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.