Cna Financial Corp (NYSE:CNA) EVP Douglas Worman sold 2,023 shares of the business’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $44.16, for a total value of $89,335.68. Following the transaction, the executive vice president now directly owns 44,575 shares in the company, valued at approximately $1,968,432. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
NYSE CNA traded up $0.31 during trading on Wednesday, reaching $43.36. 183,615 shares of the company’s stock were exchanged, compared to its average volume of 213,777. The business has a 50 day moving average price of $44.98 and a 200-day moving average price of $46.82. The stock has a market capitalization of $12.14 billion, a P/E ratio of 13.99, a PEG ratio of 2.10 and a beta of 0.80. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.23 and a quick ratio of 0.23. Cna Financial Corp has a fifty-two week low of $41.49 and a fifty-two week high of $50.47.
Cna Financial (NYSE:CNA) last announced its quarterly earnings results on Monday, October 28th. The insurance provider reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.67). The business had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.38 billion. Cna Financial had a return on equity of 7.72% and a net margin of 6.19%. During the same period last year, the firm earned $1.23 EPS. On average, analysts forecast that Cna Financial Corp will post 4.26 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 11th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date was Thursday, November 7th. Cna Financial’s dividend payout ratio (DPR) is presently 45.16%.
Hedge funds and other institutional investors have recently made changes to their positions in the business. North Star Investment Management Corp. bought a new stake in shares of Cna Financial during the third quarter worth approximately $61,000. Signaturefd LLC boosted its holdings in shares of Cna Financial by 23.6% during the second quarter. Signaturefd LLC now owns 1,565 shares of the insurance provider’s stock worth $74,000 after acquiring an additional 299 shares during the period. Whittier Trust Co. bought a new stake in shares of Cna Financial during the third quarter worth approximately $78,000. Meeder Asset Management Inc. boosted its holdings in shares of Cna Financial by 1,605.4% during the third quarter. Meeder Asset Management Inc. now owns 1,586 shares of the insurance provider’s stock worth $78,000 after acquiring an additional 1,493 shares during the period. Finally, US Bancorp DE boosted its holdings in shares of Cna Financial by 41.9% during the second quarter. US Bancorp DE now owns 2,040 shares of the insurance provider’s stock worth $96,000 after acquiring an additional 602 shares during the period. 99.10% of the stock is currently owned by hedge funds and other institutional investors.
Separately, Zacks Investment Research downgraded Cna Financial from a “hold” rating to a “sell” rating and set a $49.00 price target on the stock. in a research report on Tuesday, August 6th.
Cna Financial Company Profile
CNA Financial Corporation provides commercial property and casualty insurance products primarily in the United States. It 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 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 standard property and casualty coverages for healthcare industry; surety and fidelity bonds; and warranty and alternative risks products.
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