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

SG Americas Securities LLC purchased a new position in shares of CNA Financial Corporation (NYSE:CNA - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 9,256 shares of the insurance provider's stock, valued at approximately $470,000.

A number of other large investors also recently bought and sold shares of CNA. AQR Capital Management LLC increased its position in shares of CNA Financial by 41.4% during the fourth quarter. AQR Capital Management LLC now owns 1,939,336 shares of the insurance provider's stock worth $93,806,000 after acquiring an additional 567,926 shares during the period. First Trust Advisors LP increased its holdings in CNA Financial by 20.1% during the 4th quarter. First Trust Advisors LP now owns 1,486,853 shares of the insurance provider's stock worth $71,919,000 after purchasing an additional 249,346 shares during the period. Bank of New York Mellon Corp raised its position in CNA Financial by 66.0% during the 4th quarter. Bank of New York Mellon Corp now owns 1,177,110 shares of the insurance provider's stock valued at $56,937,000 after purchasing an additional 468,058 shares in the last quarter. CORDA Investment Management LLC. lifted its holdings in shares of CNA Financial by 1.8% in the 4th quarter. CORDA Investment Management LLC. now owns 661,532 shares of the insurance provider's stock worth $31,998,000 after buying an additional 11,597 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of CNA Financial by 36.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 363,389 shares of the insurance provider's stock worth $17,577,000 after buying an additional 97,180 shares in the last quarter. Hedge funds and other institutional investors own 98.45% of the company's stock.

Insiders Place Their Bets

In related news, EVP Mark Steven James sold 5,015 shares of the company's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $48.35, for a total transaction 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 represents a 15.64% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Chairman Dino Robusto sold 6,250 shares of the stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $47.61, for a total value of $297,562.50. Following the completion of the sale, the chairman now owns 711,838 shares of the company's stock, valued at approximately $33,890,607.18. This trade represents a 0.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,765 shares of company stock worth $1,156,850. 0.30% of the stock is owned by corporate insiders.

CNA Financial Stock Up 0.9%

Shares of CNA stock traded up $0.42 on Friday, hitting $46.39. The stock had a trading volume of 3,293,971 shares, compared to its average volume of 387,542. CNA Financial Corporation has a one year low of $44.42 and a one year high of $52.36. The business has a 50 day moving average price of $47.25 and a 200 day moving average price of $48.11. The company has a market cap of $12.55 billion, a PE ratio of 14.14, a P/E/G ratio of 5.89 and a beta of 0.53. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.24.

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

CNA Financial Dividend Announcement

The business also recently announced 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 3.97%. CNA Financial's dividend payout ratio (DPR) is presently 56.10%.

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.