Assenagon Asset Management S.A. Sells 11,405 Shares of CNA Financial Corporation (NYSE:CNA)

Assenagon Asset Management S.A. cut its holdings in shares of CNA Financial Corporation (NYSE:CNA) by 51.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,620 shares of the insurance provider’s stock after selling 11,405 shares during the period. Assenagon Asset Management S.A.’s holdings in CNA Financial were worth $539,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its holdings in shares of CNA Financial by 663.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 771 shares of the insurance provider’s stock worth $37,000 after buying an additional 670 shares in the last quarter. True Wealth Design LLC increased its holdings in shares of CNA Financial by 60.4% during the fourth quarter. True Wealth Design LLC now owns 1,166 shares of the insurance provider’s stock worth $56,000 after buying an additional 439 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of CNA Financial by 29.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,265 shares of the insurance provider’s stock worth $61,000 after buying an additional 286 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of CNA Financial during the fourth quarter worth $74,000. Finally, Covestor Ltd increased its holdings in shares of CNA Financial by 33.4% during the fourth quarter. Covestor Ltd now owns 2,079 shares of the insurance provider’s stock worth $100,000 after buying an additional 521 shares in the last quarter. 98.45% of the stock is currently owned by institutional investors.

CNA Financial Stock Up 0.1%

Shares of NYSE:CNA opened at $45.07 on Friday. The company has a fifty day moving average of $47.49 and a 200-day moving average of $48.25. The company has a market capitalization of $12.20 billion, a PE ratio of 13.74, a price-to-earnings-growth ratio of 5.80 and a beta of 0.53. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.27 and a current ratio of 0.27. CNA Financial Corporation has a 52-week low of $44.09 and a 52-week high of $52.36.

CNA Financial (NYSE:CNA) last posted its quarterly earnings data 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). The company had revenue of $3.63 billion during the quarter, compared to analyst estimates of $3.68 billion. CNA Financial had a net margin of 6.19% and a return on equity of 11.99%. During the same quarter in the previous year, the company earned $1.30 earnings per share. On average, equities analysts predict that CNA Financial Corporation will post 4.64 EPS for the current fiscal year.

CNA Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were issued a $0.46 dividend. The ex-dividend date was Monday, May 19th. This represents a $1.84 dividend on an annualized basis and a yield of 4.08%. CNA Financial’s payout ratio is 56.10%.

Insider Activity at CNA Financial

In other CNA Financial news, EVP Mark Steven James sold 5,015 shares of the stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $48.35, for a total transaction of $242,475.25. Following the completion of the sale, the executive vice president now directly owns 27,059 shares in the company, valued at approximately $1,308,302.65. This trade represents a 15.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Chairman Dino Robusto sold 6,250 shares of the stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $47.61, for a total value 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. The trade was a 0.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,765 shares of company stock worth $1,156,850 over the last three months. Company 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.