Allspring Global Investments Holdings LLC Sells 4,690 Shares of CNA Financial Corporation (NYSE:CNA)

Allspring Global Investments Holdings LLC lessened its position in shares of CNA Financial Corporation (NYSE:CNA) by 39.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,168 shares of the insurance provider’s stock after selling 4,690 shares during the period. Allspring Global Investments Holdings LLC’s holdings in CNA Financial were worth $365,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of CNA Financial during the 1st quarter valued at $887,000. Longboard Asset Management LP purchased a new stake in shares of CNA Financial in the 1st quarter worth about $207,000. Cyndeo Wealth Partners LLC lifted its position in CNA Financial by 10.2% during the 1st quarter. Cyndeo Wealth Partners LLC now owns 145,700 shares of the insurance provider’s stock valued at $7,400,000 after acquiring an additional 13,441 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in CNA Financial by 37.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 27,934 shares of the insurance provider’s stock valued at $1,419,000 after acquiring an additional 7,665 shares during the period. Finally, Greenwood Capital Associates LLC lifted its position in CNA Financial by 10.5% during the 1st quarter. Greenwood Capital Associates LLC now owns 21,012 shares of the insurance provider’s stock valued at $1,067,000 after acquiring an additional 1,997 shares during the period. Institutional investors own 98.45% of the company’s stock.

CNA Financial Stock Down 1.4%

Shares of CNA Financial stock opened at $43.92 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.27 and a current ratio of 0.27. The stock has a market capitalization of $11.89 billion, a PE ratio of 13.39, a price-to-earnings-growth ratio of 5.78 and a beta of 0.51. CNA Financial Corporation has a 52-week low of $43.78 and a 52-week high of $52.36. The company has a 50-day simple moving average of $46.79 and a two-hundred day simple moving average of $47.92.

CNA Financial (NYSE:CNA) last announced its earnings results on Monday, May 5th. The insurance provider reported $1.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.16 by ($0.13). The business had revenue of $3.63 billion for the quarter, compared to the consensus estimate 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 last year, the firm posted $1.30 earnings per share. On average, analysts anticipate that CNA Financial Corporation will post 4.64 EPS for the current fiscal year.

CNA Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were given a dividend of $0.46 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 4.19%. CNA Financial’s dividend payout ratio is 56.10%.

Insiders Place Their Bets

In related news, Chairman Dino Robusto sold 6,250 shares of the company’s stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $47.61, for a total transaction of $297,562.50. Following the completion of the transaction, the chairman owned 711,838 shares in the company, valued at approximately $33,890,607.18. This represents a 0.87% decrease in their ownership of the stock. 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 company’s stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $48.35, for a total transaction of $242,475.25. Following the transaction, the executive vice president owned 27,059 shares of the company’s stock, valued at approximately $1,308,302.65. This represents a 15.64% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,515 shares of company stock valued at $837,725. 0.30% of the stock is owned by company insiders.

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.