61,387 Shares in CNA Financial Corporation $CNA Purchased by Strs Ohio

Key Points

• Strs Ohio has made a new investment in CNA Financial Corporation, purchasing 61,387 shares valued at approximately $3,118,000.
• CNA Financial reported a quarterly earnings per share (EPS) of $1.23, exceeding the expected $0.94 by $0.29, with revenue totaling $3.37 billion.
• The company declared a quarterly dividend of $0.46 per share, translating to an annualized dividend of $1.84 and a yield of 3.9%.

Strs Ohio bought a new position in shares of CNA Financial Corporation (NYSE:CNA - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 61,387 shares of the insurance provider's stock, valued at approximately $3,118,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Focus Partners Wealth bought a new position in CNA Financial during the first quarter worth $281,000. Empowered Funds LLC lifted its stake in shares of CNA Financial by 12.9% in the first quarter. Empowered Funds LLC now owns 5,966 shares of the insurance provider's stock valued at $303,000 after buying an additional 684 shares in the last quarter. Caxton Associates LLP bought a new position in shares of CNA Financial in the first quarter valued at $1,160,000. Sciencast Management LP bought a new position in shares of CNA Financial in the first quarter valued at $475,000. Finally, Goldman Sachs Group Inc. lifted its stake in shares of CNA Financial by 0.7% in the first quarter. Goldman Sachs Group Inc. now owns 351,997 shares of the insurance provider's stock valued at $17,878,000 after buying an additional 2,466 shares in the last quarter. 98.45% of the stock is owned by institutional investors.

Insider Transactions at CNA Financial

In related news, Chairman Dino Robusto sold 6,250 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $49.00, for a total transaction of $306,250.00. Following the transaction, the chairman directly owned 686,838 shares of the company's stock, valued at $33,655,062. This trade represents a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Scott R. Lindquist sold 10,000 shares of the firm's stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $48.81, for a total transaction of $488,100.00. Following the transaction, the chief financial officer directly owned 89,867 shares in the company, valued at $4,386,408.27. The trade was a 10.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 24,630 shares of company stock worth $1,204,802 over the last three months. 0.30% of the stock is owned by insiders.

CNA Financial Stock Down 1.5%

Shares of CNA Financial stock traded down $0.70 during trading hours on Friday, reaching $45.70. The company's stock had a trading volume of 3,378,677 shares, compared to its average volume of 324,321. CNA Financial Corporation has a one year low of $43.29 and a one year high of $51.42. The company has a market capitalization of $12.37 billion, a P/E ratio of 14.24, a P/E/G ratio of 4.15 and a beta of 0.54. The stock's fifty day simple moving average is $46.71 and its two-hundred day simple moving average is $47.24. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.27 and a current ratio of 0.27.

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 analysts' consensus estimates of $0.94 by $0.29. CNA Financial had a net margin of 5.99% and a return on equity of 11.85%. The firm had revenue of $3.37 billion for the quarter, compared to analyst estimates of $2.76 billion. During the same period last year, the firm earned $1.19 earnings per share. On average, research analysts forecast that CNA Financial Corporation will post 4.64 earnings per share for the current year.

CNA Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Monday, August 18th were given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend was Monday, August 18th. CNA Financial's dividend payout ratio (DPR) is presently 57.32%.

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.