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

CNA Financial Corporation (NYSE:CNA) Chairman Dino Robusto sold 6,250 shares of the firm’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $47.62, for a total value of $297,625.00. Following the completion of the transaction, the chairman directly owned 661,838 shares in the company, valued at $31,516,725.56. This trade represents a 0.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Monday, December 1st, Dino Robusto sold 6,250 shares of CNA Financial stock. The stock was sold at an average price of $46.92, for a total value of $293,250.00.
• On Monday, November 3rd, Dino Robusto sold 6,250 shares of CNA Financial stock. The stock was sold at an average price of $45.28, for a total value of $283,000.00.

CNA Financial Price Performance

CNA stock opened at $46.72 on Wednesday. The firm has a market cap of $12.65 billion, a P/E ratio of 12.80, a price-to-earnings-growth ratio of 3.97 and a beta of 0.37. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.28 and a current ratio of 0.28. CNA Financial Corporation has a 1 year low of $43.29 and a 1 year high of $51.34. The stock has a 50-day simple moving average of $46.27 and a 200-day simple moving average of $46.29.

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, topping analysts’ consensus estimates of $1.25 by $0.25. CNA Financial had a return on equity of 12.78% and a net margin of 6.71%.The firm had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $2.84 billion. During the same quarter in the prior year, the business earned $1.08 EPS. On average, equities analysts predict that CNA Financial Corporation will post 4.64 earnings per share for the current fiscal year.

CNA Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Monday, November 17th were issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend was Monday, November 17th. CNA Financial’s dividend payout ratio (DPR) is presently 50.41%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on CNA shares. Wall Street Zen cut shares of CNA Financial from a “buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings reiterated a “hold (c+)” rating on shares of CNA Financial in a research note on Monday, December 29th. Finally, Zacks Research lowered CNA Financial from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 1st. Three analysts have rated the stock with a Hold rating, According to MarketBeat, CNA Financial has an average rating of “Hold” and a consensus price target of $53.00.

Hedge Funds Weigh In On CNA Financial

Hedge funds have recently bought and sold shares of the company. AQR Capital Management LLC increased its holdings in CNA Financial by 3.4% in the second quarter. AQR Capital Management LLC now owns 2,435,892 shares of the insurance provider’s stock valued at $112,806,000 after buying an additional 80,700 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of CNA Financial by 26.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,499,771 shares of the insurance provider’s stock valued at $69,784,000 after acquiring an additional 309,534 shares during the last quarter. First Trust Advisors LP raised its position in shares of CNA Financial by 15.2% during the 3rd quarter. First Trust Advisors LP now owns 1,183,892 shares of the insurance provider’s stock valued at $55,004,000 after acquiring an additional 156,077 shares in the last quarter. CORDA Investment Management LLC. lifted its stake in CNA Financial by 2.5% during the third quarter. CORDA Investment Management LLC. now owns 701,884 shares of the insurance provider’s stock worth $32,610,000 after purchasing an additional 17,046 shares during the last quarter. Finally, UBS Group AG lifted its stake in CNA Financial by 70.8% during the third quarter. UBS Group AG now owns 689,473 shares of the insurance provider’s stock worth $32,033,000 after purchasing an additional 285,850 shares during the last quarter. 98.45% of the stock is currently owned by institutional investors and hedge funds.

About CNA Financial

CNA Financial Corporation is a leading U.S.-based commercial property and casualty insurance company offering a broad portfolio of risk management and insurance solutions. The company underwrites coverage for businesses of all sizes across a variety of industry sectors, including manufacturing, healthcare, energy, technology, construction and real estate. In addition to core property and casualty insurance, CNA delivers specialized products such as surety bonds, professional liability, environmental liability and commercial auto coverage.

Headquartered in Chicago, Illinois, CNA traces its origins to the founding of Continental Casualty Company in 1897.