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 on Tuesday, April 1st. The stock was sold at an average price of $51.06, for a total value of $319,125.00. Following the sale, the chairman now owns 718,088 shares in the company, valued at approximately $36,665,573.28. This represents a 0.86 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Thursday, March 13th, Dino Robusto acquired 3,896 shares of CNA Financial stock. The shares were bought at an average cost of $47.63 per share, for a total transaction of $185,566.48.
• 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 Price Performance

Shares of NYSE CNA traded down $0.27 during mid-day trading on Wednesday, reaching $50.61. 227,528 shares of the company were exchanged, compared to its average volume of 304,664. CNA Financial Co. has a 52 week low of $42.33 and a 52 week high of $52.36. The company’s 50 day moving average price is $49.08 and its 200 day moving average price is $48.87. The stock has a market capitalization of $13.67 billion, a PE ratio of 14.38, 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 (NYSE:CNA) last issued its quarterly earnings results on Monday, February 10th. The insurance provider reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.14. CNA Financial had a return on equity of 12.90% and a net margin of 6.72%. Sell-side analysts forecast that CNA Financial Co. will post 4.64 earnings per share for the current fiscal year.

CNA Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Monday, February 24th were paid a dividend of $0.46 per share. This is a boost 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 3.64%. The ex-dividend date was Monday, February 24th. CNA Financial’s dividend payout ratio (DPR) is 52.27%.

Institutional Investors Weigh In On CNA Financial

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. AQR Capital Management LLC increased its stake in CNA Financial by 41.4% in the 4th 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 during the period. First Trust Advisors LP increased its stake in shares of CNA Financial by 20.1% in the fourth quarter. First Trust Advisors LP now owns 1,486,853 shares of the insurance provider’s stock worth $71,919,000 after buying an additional 249,346 shares during the period. Bank of New York Mellon Corp raised its holdings in CNA Financial by 66.0% during the 4th quarter. Bank of New York Mellon Corp now owns 1,177,110 shares of the insurance provider’s stock valued at $56,937,000 after buying an additional 468,058 shares during the last quarter. CORDA Investment Management LLC. boosted its position in CNA Financial by 1.8% during the 4th quarter. CORDA Investment Management LLC. now owns 661,532 shares of the insurance provider’s stock valued at $31,998,000 after buying an additional 11,597 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its holdings in CNA Financial by 36.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 363,389 shares of the insurance provider’s stock worth $17,577,000 after acquiring an additional 97,180 shares during the last quarter. Institutional investors own 98.45% of the company’s stock.

Analyst Ratings Changes

CNA has been the topic of a number of research analyst reports. StockNews.com lowered CNA Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, February 11th. Keefe, Bruyette & Woods decreased their price objective on shares of CNA Financial from $54.00 to $53.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 12th.

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.