Raymond James Financial Inc. Sells 6,479 Shares of CNA Financial Corporation $CNA

Key Points

• Raymond James Financial Inc. reduced its stake in CNA Financial Corporation by 2.4%, selling 6,479 shares and retaining ownership of 264,955 shares valued at approximately $13.46 million.
• Insider trading activity includes Chairman Dino Robusto selling 6,250 shares at $47.63 each, reducing his total ownership to 705,588 shares valued at about $33.61 million.
• CNA Financial recently declared a quarterly dividend of $0.46 per share, with an annualized yield of 3.7%, set to be paid on September 4th.

Raymond James Financial Inc. cut its holdings in CNA Financial Corporation (NYSE:CNA - Free Report) by 2.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 264,955 shares of the insurance provider's stock after selling 6,479 shares during the quarter. Raymond James Financial Inc. owned approximately 0.10% of CNA Financial worth $13,457,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the business. GAMMA Investing LLC grew its stake in shares of CNA Financial by 10.3% in the first quarter. GAMMA Investing LLC now owns 2,262 shares of the insurance provider's stock worth $115,000 after purchasing an additional 211 shares during the last quarter. Hexagon Capital Partners LLC grew its stake in shares of CNA Financial by 56.4% in the first quarter. Hexagon Capital Partners LLC now owns 624 shares of the insurance provider's stock worth $32,000 after purchasing an additional 225 shares during the last quarter. Applied Finance Capital Management LLC grew its stake in shares of CNA Financial by 3.4% in the first quarter. Applied Finance Capital Management LLC now owns 6,829 shares of the insurance provider's stock worth $347,000 after purchasing an additional 227 shares during the last quarter. Tidal Investments LLC grew its stake in shares of CNA Financial by 2.1% in the fourth quarter. Tidal Investments LLC now owns 15,289 shares of the insurance provider's stock worth $740,000 after purchasing an additional 315 shares during the last quarter. Finally, NDVR Inc. grew its stake in shares of CNA Financial by 7.2% in the fourth quarter. NDVR Inc. now owns 5,439 shares of the insurance provider's stock worth $263,000 after purchasing an additional 363 shares during the last quarter. 98.45% of the stock is owned by institutional investors.

CNA Financial Stock Up 0.0%

CNA Financial stock traded up $0.01 during trading hours on Thursday, hitting $48.93. 367,053 shares of the stock traded hands, compared to its average volume of 401,211. The firm's 50-day moving average price is $46.35 and its two-hundred day moving average price is $47.39. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.23. The company has a market cap of $13.24 billion, a PE ratio of 15.24, a PEG ratio of 4.38 and a beta of 0.54. CNA Financial Corporation has a one year low of $43.29 and a one year high of $52.24.

CNA Financial (NYSE:CNA - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The insurance provider reported $1.23 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.29. The business 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 EPS. On average, research analysts forecast that CNA Financial Corporation will post 4.64 EPS for the current year.

CNA Financial Announces Dividend

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

Insiders Place Their Bets

In other CNA Financial news, Chairman Dino Robusto sold 6,250 shares of CNA Financial stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $49.00, for a total transaction of $306,250.00. Following the sale, the chairman directly owned 686,838 shares of the company's stock, valued at approximately $33,655,062. The trade was a 0.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 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.