Northern Trust Corp Acquires 51,878 Shares of CNA Financial Corporation $CNA

Key Points

• Northern Trust Corp increased its stake in CNA Financial Corporation by 19.5%, owning approximately $16.14 million worth of shares after acquiring 51,878 additional shares.
• CNA Financial reported quarterly earnings of $1.23 per share, surpassing analysts' expectations of $0.94 per share, with a revenue of $3.37 billion.
• The company announced a quarterly dividend of $0.46 per share, yielding 3.8%, with a dividend payout ratio of 57.32%.

Northern Trust Corp grew its holdings in shares of CNA Financial Corporation (NYSE:CNA - Free Report) by 19.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 317,804 shares of the insurance provider's stock after purchasing an additional 51,878 shares during the period. Northern Trust Corp owned approximately 0.12% of CNA Financial worth $16,141,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Ethic Inc. boosted its position in shares of CNA Financial by 41.2% during the 1st quarter. Ethic Inc. now owns 24,850 shares of the insurance provider's stock valued at $1,264,000 after purchasing an additional 7,257 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of CNA Financial by 22.8% during the 1st quarter. Russell Investments Group Ltd. now owns 87,352 shares of the insurance provider's stock valued at $4,437,000 after purchasing an additional 16,246 shares in the last quarter. HighTower Advisors LLC boosted its holdings in shares of CNA Financial by 97.5% in the first quarter. HighTower Advisors LLC now owns 60,640 shares of the insurance provider's stock worth $3,080,000 after buying an additional 29,933 shares during the period. Nuveen LLC acquired a new position in shares of CNA Financial in the first quarter worth about $1,849,000. Finally, Virtu Financial LLC acquired a new position in shares of CNA Financial in the first quarter worth about $467,000. Institutional investors own 98.45% of the company's stock.

CNA Financial Trading Down 1.9%

Shares of CNA traded down $0.95 during midday trading on Friday, hitting $48.00. The stock had a trading volume of 326,647 shares, compared to its average volume of 389,379. CNA Financial Corporation has a fifty-two week low of $43.29 and a fifty-two week high of $51.91. The business has a 50-day simple moving average of $46.38 and a two-hundred day simple moving average of $47.35. The firm has a market cap of $12.99 billion, a P/E ratio of 14.95, a price-to-earnings-growth ratio of 4.29 and a beta of 0.54. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.23.

CNA Financial (NYSE:CNA - Get Free Report) last announced its earnings results on Monday, August 4th. The insurance provider reported $1.23 EPS for the quarter, topping the consensus estimate of $0.94 by $0.29. CNA Financial had a net margin of 5.99% and a return on equity of 11.85%. The company had revenue of $3.37 billion during the quarter, compared to analysts' expectations of $2.76 billion. During the same period last year, the company posted $1.19 earnings per share. As a group, equities analysts forecast that CNA Financial Corporation will post 4.64 EPS for the current year.

CNA Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Monday, August 18th were issued a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Monday, August 18th. CNA Financial's dividend payout ratio (DPR) is presently 57.32%.

Insider Activity

In other CNA Financial news, CFO Scott R. Lindquist sold 10,000 shares of the firm's stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $48.81, for a total value of $488,100.00. Following the completion of the transaction, the chief financial officer directly owned 89,867 shares in the company, valued at $4,386,408.27. This trade represents a 10.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Dino Robusto sold 6,250 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $49.00, for a total transaction of $306,250.00. Following the completion of the transaction, the chairman owned 686,838 shares of the company's stock, valued at approximately $33,655,062. The trade was a 0.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 24,630 shares of company stock valued at $1,204,802. Corporate insiders own 0.36% of the company's stock.

CNA Financial Company 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.