Jeffrey John Neuenschwander Sells 3,287 Shares of CNA Financial (NYSE:CNA) Stock

CNA Financial Corporation (NYSE:CNA) SVP Jeffrey John Neuenschwander sold 3,287 shares of the stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $45.97, for a total value of $151,103.39. Following the sale, the senior vice president owned 7,277 shares of the company’s stock, valued at approximately $334,523.69. This represents a 31.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

CNA Financial Stock Up 0.3%

Shares of CNA Financial stock traded up $0.13 during trading on Friday, reaching $45.25. The company’s stock had a trading volume of 287,785 shares, compared to its average volume of 444,777. CNA Financial Corporation has a 1-year low of $43.29 and a 1-year high of $51.34. The company has a 50-day simple moving average of $47.71 and a two-hundred day simple moving average of $46.86. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.26. The company has a market cap of $12.25 billion, a price-to-earnings ratio of 9.65, a P/E/G ratio of 6.64 and a beta of 0.34.

CNA Financial (NYSE:CNA) last released its quarterly earnings results on Monday, February 9th. The insurance provider reported $1.16 EPS for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.04). The business had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $2.88 billion. CNA Financial had a net margin of 8.53% and a return on equity of 12.23%. During the same quarter last year, the business posted $1.25 earnings per share. As a group, equities analysts forecast that CNA Financial Corporation will post 4.64 earnings per share for the current year.

CNA Financial Announces Dividend

The business also recently announced an annual dividend, which was paid on Thursday, March 12th. Investors of record on Monday, February 23rd were paid a $2.00 dividend. The ex-dividend date was Monday, February 23rd. This represents a yield of 409.0%. CNA Financial’s dividend payout ratio (DPR) is 40.94%.

Analyst Ratings Changes

A number of brokerages have issued reports on CNA. Zacks Research lowered shares of CNA Financial from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 1st. Weiss Ratings upgraded shares of CNA Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, February 5th. Finally, Wall Street Zen downgraded CNA Financial from a “buy” rating to a “hold” rating in a research report on Sunday, February 15th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Hedge Funds Weigh In On CNA Financial

Several hedge funds and other institutional investors have recently bought and sold shares of CNA. Corient Private Wealth LLC raised its position in CNA Financial by 117.2% during the 4th quarter. Corient Private Wealth LLC now owns 12,697 shares of the insurance provider’s stock worth $606,000 after buying an additional 6,850 shares during the last quarter. DGS Capital Management LLC purchased a new stake in shares of CNA Financial in the 4th quarter valued at $268,000. Kera Capital Partners Inc. acquired a new stake in shares of CNA Financial in the fourth quarter worth $381,000. Invesco Ltd. raised its holdings in shares of CNA Financial by 1.7% during the fourth quarter. Invesco Ltd. now owns 114,144 shares of the insurance provider’s stock worth $5,449,000 after purchasing an additional 1,939 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV raised its holdings in shares of CNA Financial by 19.2% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 16,208 shares of the insurance provider’s stock worth $774,000 after purchasing an additional 2,606 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.