Daniel Paul Franzetti Sells 23,301 Shares of CNA Financial Co. (NYSE:CNA) Stock

CNA Financial Co. (NYSE:CNA) CAO Daniel Paul Franzetti sold 23,301 shares of CNA Financial stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $44.78, for a total value of $1,043,418.78. Following the transaction, the chief accounting officer now directly owns 63,996 shares of the company’s stock, valued at $2,865,740.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

CNA Financial Stock Up 1.4 %

Shares of CNA Financial stock traded up $0.63 on Wednesday, reaching $44.79. 239,812 shares of the company were exchanged, compared to its average volume of 216,283. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $12.13 billion, a price-to-earnings ratio of 9.97, a PEG ratio of 1.76 and a beta of 0.63. CNA Financial Co. has a one year low of $36.41 and a one year high of $47.37. The company has a 50-day moving average of $44.05 and a 200 day moving average of $42.99.

CNA Financial (NYSE:CNA) last issued its quarterly earnings data on Monday, May 6th. The insurance provider reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.07). The company had revenue of $3.44 billion for the quarter, compared to the consensus estimate of $2.94 billion. CNA Financial had a return on equity of 14.33% and a net margin of 9.06%. During the same quarter last year, the business earned $1.19 earnings per share. On average, equities research analysts forecast that CNA Financial Co. will post 5.03 earnings per share for the current year.

CNA Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Monday, May 20th will be given a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 3.93%. The ex-dividend date is Friday, May 17th. This is an increase from CNA Financial’s previous quarterly dividend of $0.42. CNA Financial’s dividend payout ratio is 39.73%.

Institutional Investors Weigh In On CNA Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CENTRAL TRUST Co bought a new position in CNA Financial during the 4th quarter worth about $25,000. Blue Trust Inc. purchased a new stake in shares of CNA Financial in the fourth quarter worth about $27,000. GAMMA Investing LLC purchased a new position in CNA Financial during the fourth quarter valued at approximately $39,000. Allspring Global Investments Holdings LLC purchased a new stake in CNA Financial in the 4th quarter worth approximately $48,000. Finally, Covestor Ltd increased its holdings in shares of CNA Financial by 36.2% during the 3rd quarter. Covestor Ltd now owns 1,903 shares of the insurance provider’s stock valued at $75,000 after purchasing an additional 506 shares in the last quarter. Institutional investors own 98.45% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. StockNews.com raised CNA Financial from a “hold” rating to a “buy” rating in a report on Wednesday, February 14th. Keefe, Bruyette & Woods boosted their target price on CNA Financial from $48.00 to $50.00 and gave the stock a “market perform” rating in a research report on Wednesday, April 10th. Finally, Bank of America lowered CNA Financial from a “neutral” rating to an “underperform” rating and boosted their target price for the stock from $39.00 to $43.00 in a research report on Tuesday, February 6th.

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.