CNA Financial (NYSE:CNA) Chairman Dino Robusto Sells 6,250 Shares of Stock

CNA Financial Corporation (NYSE:CNA) Chairman Dino Robusto sold 6,250 shares of the stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $45.28, for a total transaction of $283,000.00. Following the completion of the sale, the chairman owned 674,338 shares in the company, valued at $30,534,024.64. This represents a 0.92% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Wednesday, October 1st, Dino Robusto sold 6,250 shares of CNA Financial stock. The shares were sold at an average price of $46.25, for a total transaction of $289,062.50.
• On Tuesday, September 2nd, Dino Robusto sold 6,250 shares of CNA Financial stock. The stock was sold at an average price of $49.00, for a total value of $306,250.00.

CNA Financial Price Performance

NYSE:CNA opened at $44.07 on Tuesday. CNA Financial Corporation has a 52-week low of $43.29 and a 52-week high of $51.42. The stock has a fifty day moving average of $46.58 and a 200 day moving average of $46.59. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.27 and a current ratio of 0.27. The firm has a market capitalization of $11.93 billion, a price-to-earnings ratio of 13.73, a P/E/G ratio of 3.86 and a beta of 0.50.

CNA Financial (NYSE:CNA) last released its quarterly earnings results on Monday, November 3rd. The insurance provider reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.25. The firm had revenue of $3.82 billion for the quarter, compared to analysts’ expectations of $2.84 billion. CNA Financial had a return on equity of 11.85% and a net margin of 5.99%.During the same quarter last year, the firm posted $1.08 EPS. On average, research analysts expect that CNA Financial Corporation will post 4.64 EPS for the current fiscal year.

CNA Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Monday, November 17th will be paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend is Monday, November 17th. CNA Financial’s dividend payout ratio (DPR) is currently 57.32%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Zacks Research raised shares of CNA Financial from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 17th. Weiss Ratings raised shares of CNA Financial from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $53.00.

Hedge Funds Weigh In On CNA Financial

Several institutional investors and hedge funds have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. lifted its stake in CNA Financial by 210.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 862,690 shares of the insurance provider’s stock worth $43,816,000 after purchasing an additional 585,076 shares during the last quarter. Rhumbline Advisers lifted its stake in shares of CNA Financial by 578.1% in the 2nd quarter. Rhumbline Advisers now owns 495,860 shares of the insurance provider’s stock valued at $23,072,000 after acquiring an additional 422,737 shares during the last quarter. AQR Capital Management LLC boosted its holdings in CNA Financial by 21.4% during the 1st quarter. AQR Capital Management LLC now owns 2,355,192 shares of the insurance provider’s stock valued at $119,090,000 after acquiring an additional 415,856 shares during the period. Norges Bank purchased a new stake in CNA Financial during the 2nd quarter valued at about $17,266,000. Finally, Torray Investment Partners LLC grew its position in CNA Financial by 335.0% during the 2nd quarter. Torray Investment Partners LLC now owns 422,918 shares of the insurance provider’s stock worth $19,678,000 after acquiring an additional 325,695 shares during the last quarter. Institutional investors own 98.45% of the company’s stock.

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.