Virtu Financial LLC Makes New Investment in CNA Financial Corporation (NYSE:CNA)

Key Points

• Virtu Financial LLC has made a new investment in CNA Financial Corporation, acquiring 9,189 shares valued at approximately $467,000 during the first quarter, according to its SEC filing.
• CNA Financial reported a quarterly earnings per share of $1.23, surpassing expectations and reflecting strong revenue of $3.37 billion.
• A quarterly dividend of $0.46 has been announced, indicating an annualized yield of 3.8% for shareholders, with the ex-dividend date set for August 18th.

Virtu Financial LLC acquired a new position in shares of CNA Financial Corporation (NYSE:CNA - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 9,189 shares of the insurance provider's stock, valued at approximately $467,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. AQR Capital Management LLC increased its holdings in shares of CNA Financial by 41.4% in the 4th quarter. AQR Capital Management LLC now owns 1,939,336 shares of the insurance provider's stock valued at $93,806,000 after purchasing an additional 567,926 shares during the period. First Trust Advisors LP increased its holdings in CNA Financial by 20.1% in the fourth quarter. First Trust Advisors LP now owns 1,486,853 shares of the insurance provider's stock worth $71,919,000 after buying an additional 249,346 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in CNA Financial by 1.1% in the first quarter. Bank of New York Mellon Corp now owns 1,190,237 shares of the insurance provider's stock worth $60,452,000 after buying an additional 13,127 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in CNA Financial by 210.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 862,690 shares of the insurance provider's stock worth $43,816,000 after buying an additional 585,076 shares during the last quarter. Finally, CORDA Investment Management LLC. increased its holdings in CNA Financial by 0.7% in the first quarter. CORDA Investment Management LLC. now owns 665,982 shares of the insurance provider's stock worth $33,825,000 after buying an additional 4,450 shares during the last quarter. Institutional investors and hedge funds own 98.45% of the company's stock.

Insider Buying and Selling

In other CNA Financial news, Chairman Dino Robusto sold 6,250 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $47.63, for a total transaction of $297,687.50. Following the completion of the sale, the chairman owned 705,588 shares of the company's stock, valued at $33,607,156.44. This represents a 0.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mark Steven James sold 5,015 shares of the stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $48.35, for a total value of $242,475.25. Following the completion of the sale, the executive vice president directly owned 27,059 shares of the company's stock, valued at $1,308,302.65. This represents a 15.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.30% of the stock is owned by corporate insiders.

CNA Financial Stock Up 0.0%

NYSE:CNA traded up $0.01 during mid-day trading on Friday, reaching $47.72. The stock had a trading volume of 354,357 shares, compared to its average volume of 527,925. The business's 50 day moving average is $45.42 and its 200 day moving average is $47.38. CNA Financial Corporation has a fifty-two week low of $43.29 and a fifty-two week high of $52.36. The stock has a market cap of $12.92 billion, a P/E ratio of 14.87, a PEG ratio of 4.37 and a beta of 0.51. 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 (NYSE:CNA - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The insurance provider reported $1.23 EPS for the quarter, topping analysts' consensus estimates of $0.94 by $0.29. The firm had revenue of $3.37 billion for the quarter, compared to the consensus estimate of $2.76 billion. CNA Financial had a return on equity of 11.85% and a net margin of 5.99%. During the same quarter in the prior year, the company posted $1.19 earnings per share. As a group, sell-side analysts predict that CNA Financial Corporation will post 4.64 earnings per share for the current year.

CNA Financial Announces Dividend

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