CNA Financial Co. (NYSE:CNA) Chairman Sells $319,125.00 in Stock

CNA Financial Co. (NYSE:CNA) Chairman Dino Robusto sold 6,250 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $51.06, for a total transaction of $319,125.00. Following the completion of the sale, the chairman now owns 718,088 shares in the company, valued at $36,665,573.28. This represents a 0.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Thursday, March 13th, Dino Robusto bought 3,896 shares of CNA Financial stock. The stock was purchased at an average cost of $47.63 per share, with a total value of $185,566.48.
• On Monday, March 17th, Dino Robusto sold 6,250 shares of CNA Financial stock. The shares were sold at an average price of $48.86, for a total transaction of $305,375.00.

CNA Financial Trading Down 7.4 %

Shares of NYSE:CNA opened at $47.00 on Friday. The firm has a market cap of $12.70 billion, a price-to-earnings ratio of 13.35, a PEG ratio of 9.23 and a beta of 0.68. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.28. CNA Financial Co. has a 12 month low of $42.33 and a 12 month high of $52.36. The company’s fifty day simple moving average is $49.15 and its 200 day simple moving average is $48.87.

CNA Financial (NYSE:CNA) last issued its quarterly earnings results on Monday, February 10th. The insurance provider reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.14. CNA Financial had a return on equity of 12.90% and a net margin of 6.72%. As a group, research analysts forecast that CNA Financial Co. will post 4.64 EPS for the current fiscal year.

CNA Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Monday, February 24th were given a dividend of $0.46 per share. The ex-dividend date was Monday, February 24th. This represents a $1.84 dividend on an annualized basis and a yield of 3.92%. This is an increase from CNA Financial’s previous quarterly dividend of $0.44. CNA Financial’s dividend payout ratio is 52.27%.

Analyst Ratings Changes

Several research analysts have weighed in on CNA shares. StockNews.com lowered CNA Financial from a “buy” rating to a “hold” rating in a report on Tuesday, February 11th. Keefe, Bruyette & Woods cut their price objective on CNA Financial from $54.00 to $53.00 and set a “market perform” rating on the stock in a report on Wednesday, February 12th.

Institutional Trading of CNA Financial

A number of hedge funds and other institutional investors have recently made changes to their positions in CNA. Cerity Partners LLC grew its position in CNA Financial by 65.8% in the third quarter. Cerity Partners LLC now owns 10,665 shares of the insurance provider’s stock valued at $522,000 after purchasing an additional 4,231 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of CNA Financial by 6,505.2% in the third quarter. BNP Paribas Financial Markets now owns 30,780 shares of the insurance provider’s stock valued at $1,506,000 after acquiring an additional 30,314 shares during the last quarter. Captrust Financial Advisors bought a new stake in CNA Financial during the third quarter worth about $283,000. Verition Fund Management LLC acquired a new position in CNA Financial during the third quarter valued at approximately $520,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in CNA Financial in the third quarter valued at approximately $146,000. 98.45% of the stock is currently owned by institutional investors and hedge funds.

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.