Gotham Asset Management LLC Buys 56,160 Shares of CNA Financial Corporation $CNA

Gotham Asset Management LLC grew its stake in CNA Financial Corporation (NYSE:CNA) by 34.7% during the first quarter, Holdings Channel reports. The firm owned 218,018 shares of the insurance provider’s stock after purchasing an additional 56,160 shares during the period. Gotham Asset Management LLC’s holdings in CNA Financial were worth $11,073,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Hexagon Capital Partners LLC lifted its holdings in shares of CNA Financial by 56.4% in the first quarter. Hexagon Capital Partners LLC now owns 624 shares of the insurance provider’s stock valued at $32,000 after purchasing an additional 225 shares in the last quarter. True Wealth Design LLC lifted its holdings in shares of CNA Financial by 60.4% in the fourth quarter. True Wealth Design LLC now owns 1,166 shares of the insurance provider’s stock valued at $56,000 after purchasing an additional 439 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of CNA Financial by 10.3% in the first quarter. GAMMA Investing LLC now owns 2,262 shares of the insurance provider’s stock valued at $115,000 after purchasing an additional 211 shares in the last quarter. Atlas Capital Advisors Inc. bought a new position in shares of CNA Financial in the first quarter valued at approximately $158,000. Finally, Laird Norton Wetherby Wealth Management LLC bought a new stake in CNA Financial during the fourth quarter worth $200,000. Institutional investors own 98.45% of the company’s stock.

CNA Financial Stock Performance

Shares of CNA Financial stock opened at $48.00 on Friday. The business’s fifty day simple moving average is $46.38 and its 200 day simple moving average is $47.36. The firm has a market capitalization of $12.99 billion, a P/E ratio of 14.95, a price-to-earnings-growth ratio of 4.29 and a beta of 0.54. CNA Financial Corporation has a 12 month low of $43.29 and a 12 month high of $51.91. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.23.

CNA Financial (NYSE:CNA) last issued its quarterly earnings results on Monday, August 4th. The insurance provider reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.29. The business had revenue of $3.37 billion for the quarter, compared to analyst estimates of $2.76 billion. CNA Financial had a return on equity of 11.85% and a net margin of 5.99%.During the same period last year, the company posted $1.19 earnings per share. As a group, analysts anticipate that CNA Financial Corporation will post 4.64 EPS for the current year.

CNA Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Monday, August 18th were issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date was Monday, August 18th. CNA Financial’s dividend payout ratio (DPR) is 57.32%.

Insiders Place Their Bets

In related news, CFO Scott R. Lindquist sold 8,380 shares of CNA Financial stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $48.98, for a total transaction of $410,452.40. Following the sale, the chief financial officer directly owned 81,487 shares in the company, valued at approximately $3,991,233.26. This trade represents a 9.32% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Dino Robusto sold 6,250 shares of CNA Financial stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $49.00, for a total value of $306,250.00. Following the sale, the chairman owned 686,838 shares in the company, valued at $33,655,062. This trade represents a 0.90% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 24,630 shares of company stock worth $1,204,802 over the last quarter. 0.30% of the stock is currently owned by corporate 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.