Sciencast Management LP Makes New $475,000 Investment in CNA Financial Corporation $CNA

Key Points

• Sciencast Management LP purchased 9,361 shares of CNA Financial Corporation for about $475,000, as reported in a recent SEC filing.
• A significant majority of CNA Financial's stock, approximately 98.45%, is owned by institutional investors, indicating strong institutional interest in the company.
• CNA Financial recently declared a quarterly dividend of $0.46 per share, yielding 3.9% annually, reflecting the company's commitment to returning value to shareholders.

Sciencast Management LP purchased a new stake in shares of CNA Financial Corporation (NYSE:CNA - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 9,361 shares of the insurance provider's stock, valued at approximately $475,000.

A number of other large investors have also added to or reduced their stakes in CNA. Charles Schwab Investment Management Inc. raised its position in CNA Financial by 210.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 862,690 shares of the insurance provider's stock valued at $43,816,000 after purchasing an additional 585,076 shares in the last quarter. AQR Capital Management LLC raised its position in CNA Financial by 21.4% during the first quarter. AQR Capital Management LLC now owns 2,355,192 shares of the insurance provider's stock valued at $119,090,000 after purchasing an additional 415,856 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in CNA Financial during the first quarter valued at about $16,258,000. Millennium Management LLC raised its position in 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. Finally, Two Sigma Advisers LP raised its position in CNA Financial by 501.6% during the fourth quarter. Two Sigma Advisers LP now owns 154,000 shares of the insurance provider's stock valued at $7,449,000 after purchasing an additional 128,400 shares in the last quarter. Hedge funds and other institutional investors own 98.45% of the company's stock.

Insider Transactions at CNA Financial

In other news, CFO Scott R. Lindquist sold 8,380 shares of the business's stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $48.98, for a total value of $410,452.40. Following the completion of the sale, the chief financial officer owned 81,487 shares of the company's stock, valued at approximately $3,991,233.26. The trade was a 9.32% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Dino Robusto sold 6,250 shares of the business's stock in a transaction dated 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 sale, the chairman directly owned 686,838 shares of the company's stock, valued at approximately $33,655,062. This trade represents a 0.90% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 24,630 shares of company stock valued at $1,204,802. 0.30% of the stock is currently owned by corporate insiders.

CNA Financial Price Performance

NYSE CNA traded down $0.40 during trading hours on Friday, reaching $47.49. 271,974 shares of the stock traded hands, compared to its average volume of 372,543. CNA Financial Corporation has a 1 year low of $43.29 and a 1 year high of $51.42. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.27 and a quick ratio of 0.27. The stock has a 50 day simple moving average of $46.54 and a two-hundred day simple moving average of $47.33. The company has a market cap of $12.85 billion, a price-to-earnings ratio of 14.79, a price-to-earnings-growth ratio of 4.28 and a beta of 0.54.

CNA Financial (NYSE:CNA - Get Free Report) last released its earnings results on Monday, August 4th. The insurance provider reported $1.23 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $2.76 billion. During the same quarter in the previous year, the company posted $1.19 EPS. On average, analysts predict that CNA Financial Corporation will post 4.64 EPS for the current fiscal year.

CNA Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Monday, August 18th were paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend was Monday, August 18th. CNA Financial's payout ratio is 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.