CNA Financial Corporation (NYSE:CNA) Shares Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC boosted its holdings in CNA Financial Corporation (NYSE:CNA - Free Report) by 37.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,934 shares of the insurance provider's stock after purchasing an additional 7,665 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in CNA Financial were worth $1,419,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Greenwood Capital Associates LLC raised its position in shares of CNA Financial by 10.5% in the first quarter. Greenwood Capital Associates LLC now owns 21,012 shares of the insurance provider's stock valued at $1,067,000 after buying an additional 1,997 shares in the last quarter. SG Americas Securities LLC acquired a new position in CNA Financial in the first quarter valued at $470,000. GAMMA Investing LLC lifted its holdings in CNA Financial by 10.3% in the first quarter. GAMMA Investing LLC now owns 2,262 shares of the insurance provider's stock valued at $115,000 after buying an additional 211 shares during the period. Pallas Capital Advisors LLC raised its holdings in shares of CNA Financial by 69.3% during the first quarter. Pallas Capital Advisors LLC now owns 13,150 shares of the insurance provider's stock valued at $668,000 after purchasing an additional 5,383 shares during the period. Finally, Merit Financial Group LLC raised its holdings in shares of CNA Financial by 62.1% during the first quarter. Merit Financial Group LLC now owns 6,965 shares of the insurance provider's stock valued at $354,000 after purchasing an additional 2,667 shares during the period. Institutional investors and hedge funds own 98.45% of the company's stock.

CNA Financial Stock Up 0.5%

Shares of CNA traded up $0.24 on Friday, reaching $45.69. The company's stock had a trading volume of 429,136 shares, compared to its average volume of 341,881. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.24. CNA Financial Corporation has a twelve month low of $44.42 and a twelve month high of $52.36. The stock has a market capitalization of $12.36 billion, a PE ratio of 13.93, a PEG ratio of 5.93 and a beta of 0.51. The firm has a fifty day moving average of $47.08 and a 200-day moving average of $48.02.

CNA Financial (NYSE:CNA - Get Free Report) last released its earnings results on Monday, May 5th. The insurance provider reported $1.03 earnings per share for the quarter, missing analysts' consensus estimates of $1.16 by ($0.13). CNA Financial had a net margin of 6.19% and a return on equity of 11.99%. The company had revenue of $3.63 billion for the quarter, compared to the consensus estimate of $3.68 billion. During the same period in the prior year, the company earned $1.30 earnings per share. Equities analysts predict 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 was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date was Monday, May 19th. CNA Financial's payout ratio is 56.10%.

Insider Transactions at CNA Financial

In related news, Chairman Dino Robusto sold 6,250 shares of the business's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $47.61, for a total transaction of $297,562.50. Following the sale, the chairman owned 711,838 shares of the company's stock, valued at $33,890,607.18. The trade was a 0.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Mark Steven James sold 5,015 shares of the business's stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $48.35, for a total transaction of $242,475.25. Following the transaction, the executive vice president directly owned 27,059 shares of the company's stock, valued at $1,308,302.65. The trade was a 15.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 17,515 shares of company stock worth $837,725 in the last 90 days. Corporate insiders own 0.30% of the company's stock.

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.