CNA Financial (NYSE:CNA) Chairman Sells $297,625.00 in Stock

CNA Financial Corporation (NYSE:CNA) Chairman Dino Robusto sold 6,250 shares of CNA Financial stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $47.62, for a total value of $297,625.00. Following the transaction, the chairman directly owned 661,838 shares in the company, valued at approximately $31,516,725.56. This trade represents a 0.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Dino Robusto also recently made the following trade(s):

• On Monday, December 1st, Dino Robusto sold 6,250 shares of CNA Financial stock. The shares were sold at an average price of $46.92, for a total value of $293,250.00.
• On Monday, November 3rd, Dino Robusto sold 6,250 shares of CNA Financial stock. The stock was sold at an average price of $45.28, for a total value of $283,000.00.

CNA Financial Price Performance

CNA Financial stock traded down $0.64 during midday trading on Tuesday, reaching $46.80. 124,785 shares of the company were exchanged, compared to its average volume of 304,247. CNA Financial Corporation has a 1 year low of $43.29 and a 1 year high of $51.34. The company has a market capitalization of $12.67 billion, a price-to-earnings ratio of 12.82, a P/E/G ratio of 3.93 and a beta of 0.37. The firm’s 50-day simple moving average is $46.23 and its 200-day simple moving average is $46.28. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.28 and a current ratio of 0.28.

CNA Financial (NYSE:CNA) last posted its quarterly earnings results on Monday, November 3rd. The insurance provider reported $1.50 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.25. CNA Financial had a net margin of 6.71% and a return on equity of 12.78%. The company had revenue of $3.82 billion for the quarter, compared to the consensus estimate of $2.84 billion. During the same quarter last year, the firm posted $1.08 earnings per share. On average, analysts anticipate that CNA Financial Corporation will post 4.64 EPS for the current year.

CNA Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Monday, November 17th were issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend was Monday, November 17th. CNA Financial’s payout ratio is currently 50.41%.

Wall Street Analyst Weigh In

CNA has been the topic of several research reports. Zacks Research lowered CNA Financial from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 1st. Weiss Ratings restated a “hold (c+)” rating on shares of CNA Financial in a research report on Monday, December 29th. Finally, Wall Street Zen lowered shares of CNA Financial from a “buy” rating to a “hold” rating in a report on Saturday. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $53.00.

Institutional Investors Weigh In On CNA Financial

A number of institutional investors and hedge funds have recently modified their holdings of CNA. Alpine Bank Wealth Management boosted its holdings in shares of CNA Financial by 70.0% in the third quarter. Alpine Bank Wealth Management now owns 556 shares of the insurance provider’s stock worth $26,000 after buying an additional 229 shares during the period. Lazard Asset Management LLC grew its stake in shares of CNA Financial by 6.8% in the 2nd quarter. Lazard Asset Management LLC now owns 3,957 shares of the insurance provider’s stock valued at $184,000 after purchasing an additional 253 shares during the period. Focus Partners Wealth boosted its position in CNA Financial by 2.9% in the third quarter. Focus Partners Wealth now owns 9,305 shares of the insurance provider’s stock valued at $432,000 after buying an additional 258 shares in the last quarter. Signaturefd LLC raised its holdings in shares of CNA Financial by 7.7% in the second quarter. Signaturefd LLC now owns 3,680 shares of the insurance provider’s stock valued at $171,000 after buying an additional 264 shares during the last quarter. Finally, Ballentine Partners LLC raised its holdings in CNA Financial by 1.5% during the 3rd quarter. Ballentine Partners LLC now owns 19,268 shares of the insurance provider’s stock worth $895,000 after purchasing an additional 279 shares during the last quarter. Institutional investors and hedge funds own 98.45% of the company’s stock.

About CNA Financial

CNA Financial Corporation is a leading U.S.-based commercial property and casualty insurance company offering a broad portfolio of risk management and insurance solutions. The company underwrites coverage for businesses of all sizes across a variety of industry sectors, including manufacturing, healthcare, energy, technology, construction and real estate. In addition to core property and casualty insurance, CNA delivers specialized products such as surety bonds, professional liability, environmental liability and commercial auto coverage.

Headquartered in Chicago, Illinois, CNA traces its origins to the founding of Continental Casualty Company in 1897.