CNA Financial Co. (NYSE:CNA) EVP Sells $938,107.26 in Stock

CNA Financial Co. (NYSE:CNA) EVP Mark Steven James sold 18,547 shares of CNA Financial stock in a transaction on Monday, September 16th. The stock was sold at an average price of $50.58, for a total value of $938,107.26. Following the transaction, the executive vice president now directly owns 22,917 shares of the company’s stock, valued at approximately $1,159,141.86. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

CNA Financial Price Performance

NYSE:CNA traded down $0.13 during trading hours on Tuesday, reaching $50.39. 52,601 shares of the company traded hands, compared to its average volume of 257,163. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.27 and a quick ratio of 0.27. The firm’s 50-day moving average is $49.29 and its 200-day moving average is $46.10. The stock has a market cap of $13.67 billion, a P/E ratio of 11.03, a P/E/G ratio of 3.37 and a beta of 0.65. CNA Financial Co. has a 1-year low of $37.95 and a 1-year high of $52.36.

CNA Financial (NYSE:CNA) last posted its quarterly earnings data on Monday, July 29th. The insurance provider reported $1.19 EPS for the quarter, meeting analysts’ consensus estimates of $1.19. CNA Financial had a return on equity of 14.02% and a net margin of 9.27%. The business had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.08 billion. During the same quarter last year, the company earned $1.13 earnings per share. Equities research analysts expect that CNA Financial Co. will post 4.86 earnings per share for the current fiscal year.

CNA Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Monday, August 12th were given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date of this dividend was Monday, August 12th. CNA Financial’s dividend payout ratio is presently 38.43%.

Analyst Ratings Changes

Separately, Keefe, Bruyette & Woods raised their target price on shares of CNA Financial from $48.00 to $53.00 and gave the company a “market perform” rating in a report on Thursday, August 1st.

Hedge Funds Weigh In On CNA Financial

Several institutional investors and hedge funds have recently modified their holdings of the company. GAMMA Investing LLC raised its holdings in CNA Financial by 28.5% in the 1st quarter. GAMMA Investing LLC now owns 1,144 shares of the insurance provider’s stock valued at $52,000 after acquiring an additional 254 shares during the last quarter. Fairscale Capital LLC purchased a new stake in shares of CNA Financial in the second quarter valued at $55,000. Abich Financial Wealth Management LLC increased its stake in CNA Financial by 39.1% in the first quarter. Abich Financial Wealth Management LLC now owns 1,756 shares of the insurance provider’s stock valued at $80,000 after purchasing an additional 494 shares during the last quarter. Covestor Ltd lifted its position in CNA Financial by 82.0% during the first quarter. Covestor Ltd now owns 1,971 shares of the insurance provider’s stock worth $90,000 after buying an additional 888 shares during the period. Finally, Whittier Trust Co. acquired a new stake in CNA Financial in the 2nd quarter worth about $92,000. Hedge funds and other institutional investors own 98.45% of the company’s stock.

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.