Patrick Mauro Investment Advisor INC. Sells 1,336 Shares of CNA Financial Corporation (NYSE:CNA)

Patrick Mauro Investment Advisor INC. trimmed its position in shares of CNA Financial Corporation (NYSE:CNA) by 1.0% during the first quarter, HoldingsChannel reports. The institutional investor owned 128,655 shares of the insurance provider’s stock after selling 1,336 shares during the period. CNA Financial accounts for approximately 3.6% of Patrick Mauro Investment Advisor INC.’s portfolio, making the stock its 10th largest holding. Patrick Mauro Investment Advisor INC.’s holdings in CNA Financial were worth $6,525,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of CNA. Hexagon Capital Partners LLC grew its stake in CNA Financial by 56.4% during the first quarter. Hexagon Capital Partners LLC now owns 624 shares of the insurance provider’s stock worth $32,000 after buying an additional 225 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of CNA Financial by 663.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 771 shares of the insurance provider’s stock worth $37,000 after acquiring an additional 670 shares during 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 worth $56,000 after acquiring an additional 439 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of CNA Financial in the fourth quarter worth about $74,000. Finally, Covestor Ltd lifted its holdings in shares of CNA Financial by 33.4% in the fourth quarter. Covestor Ltd now owns 2,079 shares of the insurance provider’s stock worth $100,000 after acquiring an additional 521 shares during the last quarter. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Chairman Dino Robusto sold 6,250 shares of the firm’s stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $47.63, for a total transaction of $297,687.50. Following the completion of the sale, the chairman owned 705,588 shares of the company’s stock, valued at $33,607,156.44. This trade represents a 0.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Mark Steven James sold 5,015 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president directly owned 27,059 shares of the company’s stock, valued at approximately $1,308,302.65. This trade represents a 15.64% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,515 shares of company stock valued at $837,725 in the last three months. Insiders own 0.30% of the company’s stock.

CNA Financial Stock Up 0.3%

CNA stock opened at $44.10 on Tuesday. The stock has a market capitalization of $11.93 billion, a P/E ratio of 13.44, a price-to-earnings-growth ratio of 5.71 and a beta of 0.51. 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 Corporation has a 12 month low of $43.55 and a 12 month high of $52.36. The firm has a 50-day moving average price of $46.70 and a 200-day moving average price of $47.87.

CNA Financial (NYSE:CNA) last issued its quarterly earnings data on Monday, May 5th. The insurance provider reported $1.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.13). The business had revenue of $3.63 billion during 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 business earned $1.30 EPS. As a group, equities research analysts anticipate that CNA Financial Corporation will post 4.64 EPS for the current fiscal year.

CNA Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were given a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date was Monday, May 19th. CNA Financial’s dividend payout ratio is presently 56.10%.

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.