CNA Financial Corporation (NYSE:CNA) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lessened its position in shares of CNA Financial Corporation (NYSE:CNA) by 95.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 12,696 shares of the insurance provider’s stock after selling 254,400 shares during the quarter. New York State Common Retirement Fund’s holdings in CNA Financial were worth $645,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in CNA. Hexagon Capital Partners LLC increased its position in CNA Financial by 56.4% during the 1st quarter. Hexagon Capital Partners LLC now owns 624 shares of the insurance provider’s stock worth $32,000 after purchasing an additional 225 shares in the last quarter. True Wealth Design LLC increased its position in CNA Financial by 60.4% during the 4th quarter. True Wealth Design LLC now owns 1,166 shares of the insurance provider’s stock worth $56,000 after purchasing an additional 439 shares in the last quarter. Quantbot Technologies LP purchased a new stake in CNA Financial during the 4th quarter worth about $74,000. Covestor Ltd increased its position in CNA Financial by 33.4% during the 4th quarter. Covestor Ltd now owns 2,079 shares of the insurance provider’s stock worth $100,000 after purchasing an additional 521 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in CNA Financial by 10.3% during the 1st quarter. GAMMA Investing LLC now owns 2,262 shares of the insurance provider’s stock worth $115,000 after purchasing an additional 211 shares in the last quarter. Institutional investors and hedge funds own 98.45% of the company’s stock.

Insider Transactions at CNA Financial

In other CNA Financial news, Chairman Dino Robusto sold 6,250 shares of the firm’s stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $47.63, for a total value of $297,687.50. Following the sale, the chairman directly owned 705,588 shares of the company’s stock, valued at approximately $33,607,156.44. This trade represents a 0.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mark Steven James sold 5,015 shares of the firm’s stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $48.35, for a total value of $242,475.25. Following the completion of the sale, the executive vice president directly owned 27,059 shares in the company, 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 sold 17,515 shares of company stock worth $837,725. 0.30% of the stock is owned by corporate insiders.

CNA Financial Trading Up 1.0%

CNA Financial stock opened at $44.40 on Friday. The stock has a market cap of $12.01 billion, a PE ratio of 13.54, a P/E/G ratio of 5.74 and a beta of 0.51. The stock has a 50-day moving average price of $45.82 and a 200 day moving average price of $47.60. CNA Financial Corporation has a 52 week low of $43.29 and a 52 week high of $52.36. 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 (NYSE:CNA) last posted its quarterly earnings data on Monday, May 5th. The insurance provider reported $1.03 EPS for the quarter, missing analysts’ consensus estimates 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 return on equity of 11.99% and a net margin of 6.19%. During the same quarter in the prior year, the business posted $1.30 EPS. Equities research analysts predict that CNA Financial Corporation will post 4.64 earnings per share for the current fiscal year.

CNA Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 4.14%. The ex-dividend date of this dividend was Monday, May 19th. CNA Financial’s payout ratio is 56.10%.

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.