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

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CNA. Hexagon Capital Partners LLC lifted its stake in CNA Financial by 56.4% during the 1st quarter. Hexagon Capital Partners LLC now owns 624 shares of the insurance provider's stock valued at $32,000 after acquiring an additional 225 shares during the period. True Wealth Design LLC increased its holdings in shares of CNA Financial by 60.4% during the 4th quarter. True Wealth Design LLC now owns 1,166 shares of the insurance provider's stock valued at $56,000 after purchasing an additional 439 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of CNA Financial by 10.3% in the 1st 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. Atlas Capital Advisors Inc. purchased a new stake in CNA Financial during the first quarter worth $158,000. Finally, Federated Hermes Inc. acquired a new stake in CNA Financial during the fourth quarter valued at $167,000. Institutional investors and hedge funds own 98.45% of the company's stock.

Insiders Place Their Bets

In other news, EVP Mark Steven James sold 5,015 shares of CNA Financial stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $48.35, for a total value of $242,475.25. Following the sale, the executive vice president owned 27,059 shares in the company, valued at $1,308,302.65. This trade represents a 15.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman Dino Robusto sold 6,250 shares of the company's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $47.63, for a total transaction of $297,687.50. Following the transaction, the chairman owned 705,588 shares of the company's stock, valued at approximately $33,607,156.44. This trade represents a 0.88% decrease in their position. The disclosure for this sale can be found here. 0.36% of the stock is currently owned by company insiders.

CNA Financial Price Performance

Shares of CNA Financial stock traded down $0.19 during trading hours on Monday, reaching $47.09. The stock had a trading volume of 125,461 shares, compared to its average volume of 420,917. CNA Financial Corporation has a twelve month low of $43.29 and a twelve month high of $52.36. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $12.74 billion, a PE ratio of 14.67, a PEG ratio of 4.37 and a beta of 0.51. The stock's 50 day moving average is $45.42 and its 200 day moving average is $47.37.

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

CNA Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Monday, August 18th will be paid a $0.46 dividend. 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 (DPR) is currently 57.32%.

CNA Financial Company 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.