CNA Financial (NYSE:CNA) Chairman Sells $293,250.00 in Stock

CNA Financial Corporation (NYSE:CNA) Chairman Dino Robusto sold 6,250 shares of the stock in a transaction on Monday, December 1st. The stock was sold at an average price of $46.92, for a total value of $293,250.00. Following the transaction, the chairman directly owned 668,088 shares in the company, valued at approximately $31,346,688.96. This represents a 0.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Monday, November 3rd, Dino Robusto sold 6,250 shares of CNA Financial stock. The shares were sold at an average price of $45.28, for a total value of $283,000.00.
• On Wednesday, October 1st, Dino Robusto sold 6,250 shares of CNA Financial stock. The stock was sold at an average price of $46.25, for a total value 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 Trading Down 1.5%

CNA traded down $0.69 during midday trading on Monday, hitting $46.07. The company’s stock had a trading volume of 195,227 shares, compared to its average volume of 415,177. CNA Financial Corporation has a 52-week low of $43.29 and a 52-week high of $51.42. The firm has a 50-day moving average price of $45.84 and a two-hundred day moving average price of $46.31. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.23. The firm has a market cap of $12.47 billion, a P/E ratio of 14.35, a PEG ratio of 3.86 and a beta of 0.50.

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

CNA Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Monday, November 17th will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Monday, November 17th. CNA Financial’s dividend payout ratio is presently 50.41%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CNA. Wall Street Zen upgraded CNA Financial from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Weiss Ratings restated a “buy (b-)” rating on shares of CNA Financial in a report on Tuesday, November 25th. Finally, Zacks Research upgraded CNA Financial from a “hold” rating to a “strong-buy” rating in a report on Friday, October 17th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $53.00.

Hedge Funds Weigh In On CNA Financial

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. raised its stake in shares of CNA Financial by 210.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 862,690 shares of the insurance provider’s stock valued at $43,816,000 after purchasing an additional 585,076 shares during the period. Millennium Management LLC increased its stake in CNA Financial by 409.1% during the 3rd quarter. Millennium Management LLC now owns 604,963 shares of the insurance provider’s stock worth $28,107,000 after buying an additional 486,127 shares during the period. Rhumbline Advisers lifted its holdings in CNA Financial by 578.1% in the 2nd quarter. Rhumbline Advisers now owns 495,860 shares of the insurance provider’s stock worth $23,072,000 after buying an additional 422,737 shares in the last quarter. AQR Capital Management LLC boosted its position in CNA Financial by 21.4% in 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 buying an additional 415,856 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of CNA Financial during the second quarter valued at about $17,266,000. Hedge funds and other 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.