CNA Financial Co. (NYSE:CNA) Chairman Dino Robusto Buys 3,896 Shares of Stock

CNA Financial Co. (NYSE:CNA) Chairman Dino Robusto acquired 3,896 shares of the stock in a transaction on Thursday, March 13th. The shares were acquired at an average cost of $47.63 per share, for a total transaction of $185,566.48. Following the completion of the transaction, the chairman now directly owns 724,338 shares in the company, valued at $34,500,218.94. The trade was a 0.54 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Monday, March 17th, Dino Robusto sold 6,250 shares of CNA Financial stock. The stock was sold at an average price of $48.86, for a total transaction of $305,375.00.

CNA Financial Stock Performance

NYSE:CNA opened at $49.22 on Thursday. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.28. The firm has a 50-day moving average price of $48.67 and a two-hundred day moving average price of $48.94. CNA Financial Co. has a twelve month low of $42.33 and a twelve month high of $52.36. The company has a market capitalization of $13.33 billion, a P/E ratio of 13.98, a price-to-earnings-growth ratio of 9.23 and a beta of 0.68.

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

CNA Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Monday, February 24th were issued a dividend of $0.46 per share. The ex-dividend date of this dividend was Monday, February 24th. This is an increase from CNA Financial’s previous quarterly dividend of $0.44. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.74%. CNA Financial’s payout ratio is 52.27%.

Institutional Investors Weigh In On CNA Financial

A number of institutional investors have recently bought and sold shares of the stock. AQR Capital Management LLC lifted its position in shares of CNA Financial by 41.4% during the fourth quarter. AQR Capital Management LLC now owns 1,939,336 shares of the insurance provider’s stock worth $93,806,000 after purchasing an additional 567,926 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of CNA Financial by 66.0% during the fourth quarter. Bank of New York Mellon Corp now owns 1,177,110 shares of the insurance provider’s stock worth $56,937,000 after acquiring an additional 468,058 shares during the last quarter. Norges Bank acquired a new stake in CNA Financial in the fourth quarter worth about $14,859,000. Raymond James Financial Inc. acquired a new stake in CNA Financial in the fourth quarter worth about $13,129,000. Finally, First Trust Advisors LP lifted its holdings in CNA Financial by 20.1% in the 4th quarter. First Trust Advisors LP now owns 1,486,853 shares of the insurance provider’s stock valued at $71,919,000 after acquiring an additional 249,346 shares during the last quarter. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CNA. Keefe, Bruyette & Woods reduced their target price on shares of CNA Financial from $54.00 to $53.00 and set a “market perform” rating for the company in a research note on Wednesday, February 12th. StockNews.com cut shares of CNA Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, February 11th.

About CNA Financial

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.