CNA Financial Corporation $CNA Shares Acquired by Northern Trust Corp

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 increased its holdings in CNA Financial Corporation (NYSE:CNA - Free Report) by 19.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 317,804 shares of the insurance provider's stock after acquiring an additional 51,878 shares during the quarter. Northern Trust Corp owned about 0.12% of CNA Financial worth $16,141,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in CNA. Charles Schwab Investment Management Inc. boosted its stake in shares of CNA Financial by 210.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 862,690 shares of the insurance provider's stock worth $43,816,000 after buying an additional 585,076 shares during the last quarter. Millennium Management LLC lifted its position in shares of CNA Financial by 229.1% in the fourth quarter. Millennium Management LLC now owns 268,139 shares of the insurance provider's stock worth $12,970,000 after buying an additional 186,653 shares in the last quarter. Two Sigma Advisers LP lifted its position in shares of CNA Financial by 501.6% in the fourth quarter. Two Sigma Advisers LP now owns 154,000 shares of the insurance provider's stock worth $7,449,000 after buying an additional 128,400 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of CNA Financial by 5,501.5% in the first quarter. GAMMA Investing LLC now owns 114,887 shares of the insurance provider's stock worth $5,835,000 after buying an additional 112,836 shares in the last quarter. Finally, Deutsche Bank AG lifted its position in shares of CNA Financial by 27,890.0% in the fourth quarter. Deutsche Bank AG now owns 83,970 shares of the insurance provider's stock worth $4,062,000 after buying an additional 83,670 shares in the last quarter. Institutional investors own 98.45% of the company's stock.

Insider Activity

In other news, CFO Scott R. Lindquist sold 10,000 shares of the stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $48.81, for a total transaction of $488,100.00. Following the completion of the sale, the chief financial officer owned 89,867 shares in the company, valued at approximately $4,386,408.27. This represents a 10.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Dino Robusto sold 6,250 shares of the company's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $49.00, for a total value of $306,250.00. Following the completion of the transaction, the chairman directly owned 686,838 shares in the company, 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 have sold 24,630 shares of company stock worth $1,204,802. 0.30% of the stock is owned by company insiders.

CNA Financial Trading Down 1.9%

NYSE CNA traded down $0.95 during trading hours on Friday, hitting $48.00. 326,647 shares of the company were exchanged, compared to its average volume of 392,098. The stock has a 50-day moving average price of $46.38 and a 200 day moving average price of $47.38. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.23. CNA Financial Corporation has a 52 week low of $43.29 and a 52 week high of $51.91. The stock has a market cap of $12.99 billion, a PE ratio of 14.95, a price-to-earnings-growth ratio of 4.38 and a beta of 0.54.

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

CNA Financial Announces Dividend

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

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.