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SG Americas Securities LLC Makes New $470,000 Investment in CNA Financial Corporation (NYSE:CNA)

CNA Financial logo with Finance background

SG Americas Securities LLC bought a new position in shares of CNA Financial Corporation (NYSE:CNA - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 9,256 shares of the insurance provider's stock, valued at approximately $470,000.

A number of other large investors have also modified their holdings of CNA. GAMMA Investing LLC grew its holdings 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 valued at $115,000 after purchasing an additional 211 shares during the period. Pallas Capital Advisors LLC lifted its position in CNA Financial by 69.3% in the first quarter. Pallas Capital Advisors LLC now owns 13,150 shares of the insurance provider's stock valued at $668,000 after buying an additional 5,383 shares during the last quarter. Merit Financial Group LLC lifted its position in CNA Financial by 62.1% in the first quarter. Merit Financial Group LLC now owns 6,965 shares of the insurance provider's stock valued at $354,000 after buying an additional 2,667 shares during the last quarter. Wellington Management Group LLP lifted its position in CNA Financial by 1.5% in the fourth quarter. Wellington Management Group LLP now owns 41,670 shares of the insurance provider's stock valued at $2,016,000 after buying an additional 619 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in CNA Financial by 102.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 20,269 shares of the insurance provider's stock valued at $980,000 after buying an additional 10,269 shares during the last quarter. Hedge funds and other institutional investors own 98.45% of the company's stock.

Insider Buying and Selling at CNA Financial

In other news, Chairman Dino Robusto sold 6,250 shares of the stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $51.06, for a total value of $319,125.00. Following the completion of the transaction, the chairman now owns 718,088 shares in the company, valued at $36,665,573.28. This trade represents a 0.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Mark Steven James sold 5,015 shares of CNA Financial stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $48.35, for a total value of $242,475.25. Following the transaction, the executive vice president now directly owns 27,059 shares of the company's stock, valued at $1,308,302.65. This trade represents a 15.64% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,765 shares of company stock worth $1,156,850 over the last three months. Insiders own 0.36% of the company's stock.

CNA Financial Stock Up 1.1%

Shares of CNA opened at $45.78 on Tuesday. The stock has a market capitalization of $12.39 billion, a PE ratio of 13.96, a P/E/G ratio of 5.88 and a beta of 0.53. CNA Financial Corporation has a 1 year low of $44.09 and a 1 year high of $52.36. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.27 and a current ratio of 0.27. The company's 50-day simple moving average is $47.39 and its 200-day simple moving average is $48.16.

CNA Financial (NYSE:CNA - Get Free Report) last issued its earnings results on Monday, May 5th. The insurance provider reported $1.03 earnings per share for the quarter, missing the consensus estimate of $1.16 by ($0.13). The firm had revenue of $3.63 billion during the quarter, compared to analyst estimates of $3.68 billion. CNA Financial had a net margin of 6.19% and a return on equity of 11.99%. During the same period last year, the business earned $1.30 EPS. Analysts forecast that CNA Financial Corporation will post 4.64 earnings per share for the current fiscal year.

CNA Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were paid a $0.46 dividend. The ex-dividend date was Monday, May 19th. This represents a $1.84 annualized dividend and a yield of 4.02%. CNA Financial's dividend payout ratio is currently 56.10%.

CNA Financial Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for CNA Financial (NYSE:CNA)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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