Y Intercept Hong Kong Ltd Acquires New Position in CNA Financial Corporation (NYSE:CNA)

Key Points

• Y Intercept Hong Kong Ltd acquired 17,535 shares of CNA Financial Corporation, representing a new investment valued at approximately $891,000.
• CNA Financial reported EPS of $1.03 for the last quarter, falling short of the consensus estimate of $1.16, with revenues totaling $3.63 billion.
• The company announced a quarterly dividend of $0.46 per share, yielding an annualized dividend of 4.14% for stockholders.

Y Intercept Hong Kong Ltd acquired a new position in CNA Financial Corporation (NYSE:CNA - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 17,535 shares of the insurance provider's stock, valued at approximately $891,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. CWM LLC lifted its stake in CNA Financial by 49.8% in the first quarter. CWM LLC now owns 32,290 shares of the insurance provider's stock worth $1,640,000 after acquiring an additional 10,735 shares during the period. CFC Planning Co LLC purchased a new stake in CNA Financial in the first quarter worth about $230,000. Cerity Partners LLC lifted its stake in CNA Financial by 16.6% in the first quarter. Cerity Partners LLC now owns 21,264 shares of the insurance provider's stock worth $1,080,000 after acquiring an additional 3,033 shares during the period. Nisa Investment Advisors LLC lifted its position in shares of CNA Financial by 57.4% during the first quarter. Nisa Investment Advisors LLC now owns 38,120 shares of the insurance provider's stock valued at $1,936,000 after buying an additional 13,900 shares during the last quarter. Finally, CORDA Investment Management LLC. lifted its position in shares of CNA Financial by 0.7% during the first quarter. CORDA Investment Management LLC. now owns 665,982 shares of the insurance provider's stock valued at $33,825,000 after buying an additional 4,450 shares during the last quarter. 98.45% of the stock is owned by hedge funds and other institutional investors.

CNA Financial Stock Up 1.7%

Shares of CNA stock traded up $0.77 during mid-day trading on Tuesday, hitting $44.71. 126,257 shares of the stock traded hands, compared to its average volume of 412,064. The stock has a market cap of $12.10 billion, a P/E ratio of 13.64, a P/E/G ratio of 5.80 and a beta of 0.51. The stock's fifty day moving average is $45.72 and its two-hundred day moving average is $47.59. CNA Financial Corporation has a 52-week low of $43.29 and a 52-week high of $52.36. The company has a debt-to-equity ratio of 0.24, 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 results on Monday, May 5th. The insurance provider reported $1.03 EPS for the quarter, missing the consensus estimate of $1.16 by ($0.13). The firm had revenue of $3.63 billion for the quarter, compared to analysts' expectations of $3.68 billion. CNA Financial had a net margin of 6.19% and a return on equity of 11.99%. During the same period in the previous year, the company posted $1.30 earnings per share. Equities analysts predict that CNA Financial Corporation will post 4.64 EPS for the current year.

CNA Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 4.12%. The ex-dividend date of this dividend was Monday, May 19th. CNA Financial's payout ratio is 56.10%.

Insider Activity

In other CNA Financial news, Chairman Dino Robusto sold 6,250 shares of the stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $47.63, for a total transaction of $297,687.50. Following the completion of the sale, the chairman directly owned 705,588 shares of the company's stock, valued at approximately $33,607,156.44. This represents a 0.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Mark Steven James sold 5,015 shares of the stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $48.35, for a total transaction of $242,475.25. Following the sale, the executive vice president directly owned 27,059 shares of the company's stock, valued at approximately $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. Over the last three months, insiders have sold 17,515 shares of company stock valued at $837,725. Insiders own 0.36% of the company's stock.

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.