Vanguard Group Inc. Purchases 11,019 Shares of CNA Financial Corporation $CNA

Key Points

• Vanguard Group Inc. increased its stake in CNA Financial Corporation by 2.0% during the 1st quarter, owning approximately 0.21% of the company, valued at $28.3 million.
• Insider trading revealed that Chairman Dino Robusto sold 6,250 shares for about $297,687, reducing his position by 0.88% while still holding 705,588 shares valued at over $33.6 million.
• CNA Financial reported quarterly earnings of $1.23 EPS, surpassing expectations, and announced a quarterly dividend of $0.46, yielding 3.7% for investors.

Vanguard Group Inc. grew its position in shares of CNA Financial Corporation (NYSE:CNA - Free Report) by 2.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 556,695 shares of the insurance provider's stock after purchasing an additional 11,019 shares during the period. Vanguard Group Inc. owned approximately 0.21% of CNA Financial worth $28,275,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. GAMMA Investing LLC grew its position in CNA Financial by 10.3% in the first quarter. GAMMA Investing LLC now owns 2,262 shares of the insurance provider's stock worth $115,000 after acquiring an additional 211 shares in the last quarter. Hexagon Capital Partners LLC grew its position in CNA Financial by 56.4% in the first quarter. Hexagon Capital Partners LLC now owns 624 shares of the insurance provider's stock worth $32,000 after acquiring an additional 225 shares in the last quarter. Applied Finance Capital Management LLC grew its holdings in shares of CNA Financial by 3.4% during the 1st quarter. Applied Finance Capital Management LLC now owns 6,829 shares of the insurance provider's stock valued at $347,000 after purchasing an additional 227 shares during the last quarter. Tidal Investments LLC boosted its position in CNA Financial by 2.1% during the fourth quarter. Tidal Investments LLC now owns 15,289 shares of the insurance provider's stock valued at $740,000 after buying an additional 315 shares during the period. Finally, NDVR Inc. boosted its position in CNA Financial by 7.2% during the fourth quarter. NDVR Inc. now owns 5,439 shares of the insurance provider's stock valued at $263,000 after buying an additional 363 shares during the period. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

CNA Financial Trading Up 0.8%

NYSE CNA traded up $0.37 during trading on Monday, hitting $49.48. 291,567 shares of the company's stock traded hands, compared to its average volume of 460,602. The stock has a fifty day moving average of $46.09 and a two-hundred day moving average of $47.36. 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 12-month low of $43.29 and a 12-month high of $52.36. The firm has a market cap of $13.39 billion, a P/E ratio of 15.41, a PEG ratio of 4.43 and a beta of 0.54.

CNA Financial (NYSE:CNA - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.29. CNA Financial had a net margin of 5.99% and a return on equity of 11.85%. The business had revenue of $3.37 billion during the quarter, compared to analyst estimates of $2.76 billion. During the same period in the prior year, the business posted $1.19 earnings per share. As a group, sell-side analysts expect that CNA Financial Corporation will post 4.64 EPS for the current year.

CNA Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Monday, August 18th will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Monday, August 18th. CNA Financial's dividend 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.