Russell Investments Group Ltd. Purchases 16,246 Shares of CNA Financial Corporation $CNA

Russell Investments Group Ltd. lifted its stake in shares of CNA Financial Corporation (NYSE:CNA) by 22.8% in the first quarter, according to its most recent filing with the SEC. The fund owned 87,352 shares of the insurance provider’s stock after acquiring an additional 16,246 shares during the period. Russell Investments Group Ltd.’s holdings in CNA Financial were worth $4,437,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. GAMMA Investing LLC lifted its holdings in shares of 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 acquiring an additional 211 shares during the last quarter. Hexagon Capital Partners LLC raised its position in CNA Financial by 56.4% in 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 during the period. Applied Finance Capital Management LLC raised its position in CNA Financial by 3.4% in the 1st quarter. Applied Finance Capital Management LLC now owns 6,829 shares of the insurance provider’s stock worth $347,000 after purchasing an additional 227 shares during the period. Tidal Investments LLC raised its position in CNA Financial by 2.1% in the 4th quarter. Tidal Investments LLC now owns 15,289 shares of the insurance provider’s stock worth $740,000 after purchasing an additional 315 shares during the period. Finally, NDVR Inc. raised its position in CNA Financial by 7.2% in the 4th quarter. NDVR Inc. now owns 5,439 shares of the insurance provider’s stock worth $263,000 after purchasing an additional 363 shares during the period. 98.45% of the stock is owned by institutional investors.

Insider Buying and Selling at CNA Financial

In other news, Chairman Dino Robusto sold 6,250 shares of CNA Financial 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 sale, the chairman owned 705,588 shares of the company’s stock, valued at approximately $33,607,156.44. The trade was a 0.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.30% of the company’s stock.

CNA Financial Price Performance

Shares of NYSE:CNA opened at $49.3210 on Friday. The stock has a market cap of $13.35 billion, a PE ratio of 15.36, a PEG ratio of 4.41 and a beta of 0.51. The company’s fifty day moving average is $45.69 and its 200 day moving average is $47.38. CNA Financial Corporation has a 52 week low of $43.29 and a 52 week high of $52.36. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.23.

CNA Financial (NYSE:CNA) last released its quarterly earnings data on Monday, August 4th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.29. CNA Financial had a net margin of 5.99% and a return on equity of 11.85%. The firm had revenue of $3.37 billion for the quarter, compared to analysts’ expectations of $2.76 billion. During the same quarter in the previous year, the company earned $1.19 earnings per share. Research analysts anticipate that CNA Financial Corporation will post 4.64 earnings per share for the current year.

CNA Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Monday, August 18th will be paid a dividend of $0.46 per share. The ex-dividend date of this dividend is Monday, August 18th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.7%. CNA Financial’s payout ratio is presently 57.32%.

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.