BNP Paribas Financial Markets Sells 22,139 Shares of CNA Financial Co. (NYSE:CNA)

BNP Paribas Financial Markets cut its stake in CNA Financial Co. (NYSE:CNA) by 71.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,641 shares of the insurance provider’s stock after selling 22,139 shares during the period. BNP Paribas Financial Markets’ holdings in CNA Financial were worth $418,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Ameriprise Financial Inc. boosted its holdings in CNA Financial by 1.2% during the 4th quarter. Ameriprise Financial Inc. now owns 37,960 shares of the insurance provider’s stock valued at $1,836,000 after acquiring an additional 447 shares during the period. Mercer Global Advisors Inc. ADV bought a new position in CNA Financial during the 4th quarter valued at approximately $365,000. AQR Capital Management LLC raised its position 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 worth $93,806,000 after purchasing an additional 567,926 shares during the last quarter. Northern Trust Corp lifted its stake in shares of CNA Financial by 25.4% in the fourth quarter. Northern Trust Corp now owns 265,926 shares of the insurance provider’s stock worth $12,863,000 after buying an additional 53,792 shares in the last quarter. Finally, Tudor Investment Corp ET AL boosted its stake in CNA Financial by 58.6% during the 4th quarter. Tudor Investment Corp ET AL now owns 32,642 shares of the insurance provider’s stock valued at $1,579,000 after purchasing an additional 12,065 shares during the last quarter. 98.45% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CNA has been the topic of a number of research reports. Wall Street Zen downgraded CNA Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, February 11th. Keefe, Bruyette & Woods cut their target price on CNA Financial from $54.00 to $53.00 and set a “market perform” rating for the company in a research report on Wednesday, February 12th.

CNA Financial Trading Down 0.4%

CNA stock opened at $46.94 on Monday. The firm has a market cap of $12.70 billion, a PE ratio of 13.34, a price-to-earnings-growth ratio of 9.23 and a beta of 0.53. The firm has a fifty day moving average price of $48.36 and a 200 day moving average price of $48.59. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.28 and a current ratio of 0.28. CNA Financial Co. has a fifty-two week low of $42.85 and a fifty-two week high of $52.36.

CNA Financial (NYSE:CNA) last released its quarterly earnings results on Monday, May 5th. The insurance provider reported $1.03 earnings per share for the quarter, missing the consensus estimate of $1.16 by ($0.13). The company had revenue of $3.63 billion for the quarter, compared to analysts’ expectations of $3.68 billion. CNA Financial had a net margin of 6.72% and a return on equity of 12.90%. During the same quarter in the previous year, the company posted $1.30 EPS. Sell-side analysts anticipate that CNA Financial Co. will post 4.64 earnings per share for the current fiscal year.

CNA Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 5th. Stockholders of record on Monday, May 19th will be paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.92%. The ex-dividend date of this dividend is Monday, May 19th. CNA Financial’s dividend payout ratio is currently 56.10%.

Insider Transactions at CNA Financial

In other CNA Financial news, Chairman Dino Robusto sold 6,250 shares of the stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $47.61, for a total transaction of $297,562.50. Following the sale, the chairman now owns 711,838 shares of the company’s stock, valued at approximately $33,890,607.18. This trade represents a 0.87% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 now directly owns 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 36,756 shares of company stock valued at $1,801,876. 0.30% of the stock is currently owned by company insiders.

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.