Russell Investments Group Ltd. Boosts Stock Holdings in CNA Financial Corporation $CNA

Key Points

• Russell Investments Group Ltd. increased its stake in CNA Financial by 22.8%, owning 87,352 shares worth approximately $4.4 million after acquiring an additional 16,246 shares in Q1.
• CNA Financial recently reported earnings per share (EPS) of $1.23 for the quarter, surpassing analysts' expectations of $0.94, with revenue reaching $3.37 billion compared to expectations of $2.76 billion.
• The company announced a quarterly dividend of $0.46 per share, representing an annualized dividend yield of 3.7%, with stockholders of record set to receive it on September 4th.

Russell Investments Group Ltd. lifted its position in shares of CNA Financial Corporation (NYSE:CNA - Free Report) by 22.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 87,352 shares of the insurance provider's stock after purchasing an additional 16,246 shares during the period. Russell Investments Group Ltd.'s holdings in CNA Financial were worth $4,437,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Barclays PLC increased its stake in CNA Financial by 27.4% during the 4th quarter. Barclays PLC now owns 40,053 shares of the insurance provider's stock worth $1,937,000 after acquiring an additional 8,609 shares during the period. Mariner LLC increased its stake in shares of CNA Financial by 15.7% in the 4th quarter. Mariner LLC now owns 16,213 shares of the insurance provider's stock valued at $784,000 after purchasing an additional 2,202 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its stake in shares of CNA Financial by 119.8% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 12,447 shares of the insurance provider's stock valued at $602,000 after purchasing an additional 6,784 shares during the last quarter. Natixis bought a new position in shares of CNA Financial in the 4th quarter valued at $221,000. Finally, Stifel Financial Corp increased its stake in shares of CNA Financial by 68.3% in the 4th quarter. Stifel Financial Corp now owns 9,812 shares of the insurance provider's stock valued at $475,000 after purchasing an additional 3,983 shares during the last quarter. Institutional investors own 98.45% of the company's stock.

CNA Financial Price Performance

Shares of NYSE CNA traded down $0.24 during mid-day trading on Thursday, hitting $49.09. 19,449 shares of the stock traded hands, compared to its average volume of 421,929. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.27 and a quick ratio of 0.27. CNA Financial Corporation has a twelve month low of $43.29 and a twelve month high of $52.36. The company has a market cap of $13.29 billion, a PE ratio of 15.31, a price-to-earnings-growth ratio of 4.37 and a beta of 0.51. The firm has a 50 day simple moving average of $45.92 and a two-hundred day simple moving average of $47.38.

CNA Financial (NYSE:CNA - Get Free Report) last released 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. CNA Financial had a return on equity of 11.85% and a net margin of 5.99%.The company had revenue of $3.37 billion for the quarter, compared to the consensus estimate of $2.76 billion. During the same quarter last year, the business posted $1.19 EPS. As a group, equities research analysts forecast that CNA Financial Corporation will post 4.64 EPS for the current fiscal year.

CNA Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Monday, August 18th will be issued a dividend of $0.46 per share. The ex-dividend date of this dividend is Monday, August 18th. This represents a $1.84 annualized dividend and a yield of 3.7%. CNA Financial's payout ratio is presently 57.32%.

Insider Buying and Selling

In other CNA Financial news, Chairman Dino Robusto sold 6,250 shares of CNA Financial stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $47.63, for a total transaction of $297,687.50. Following the transaction, the chairman directly owned 705,588 shares of the company's stock, valued at approximately $33,607,156.44. The trade was a 0.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.30% of the company's stock.

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.