CNA Financial Co. (NYSE:CNA) EVP Sells $1,119,933.75 in Stock

CNA Financial Co. (NYSE:CNA) EVP Douglas Worman sold 22,973 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $48.75, for a total value of $1,119,933.75. Following the transaction, the executive vice president now owns 133,777 shares of the company’s stock, valued at $6,521,628.75. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

CNA Financial Stock Down 0.3 %

NYSE:CNA traded down $0.13 during trading hours on Tuesday, reaching $48.27. 48,858 shares of the company traded hands, compared to its average volume of 276,356. The business’s 50-day moving average price is $49.29 and its two-hundred day moving average price is $47.47. The stock has a market capitalization of $13.07 billion, a P/E ratio of 10.08, a P/E/G ratio of 6.35 and a beta of 0.65. CNA Financial Co. has a 1 year low of $38.87 and a 1 year high of $52.36. The company has a current ratio of 0.26, a quick ratio of 0.27 and a debt-to-equity ratio of 0.28.

CNA Financial (NYSE:CNA) last posted its quarterly earnings results on Monday, November 4th. The insurance provider reported $1.08 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.01. CNA Financial had a return on equity of 13.30% and a net margin of 9.26%. The firm had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.15 billion. During the same quarter in the previous year, the business earned $1.06 earnings per share. Analysts predict that CNA Financial Co. will post 4.65 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 5th. Investors of record on Monday, November 18th will be issued a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 3.65%. The ex-dividend date of this dividend is Monday, November 18th. CNA Financial’s payout ratio is currently 36.67%.

Analyst Ratings Changes

Several brokerages have recently commented on CNA. Bank of America increased their price objective on CNA Financial from $45.00 to $48.00 and gave the company an “underperform” rating in a research report on Thursday, October 10th. Keefe, Bruyette & Woods increased their price objective on CNA Financial from $54.00 to $55.00 and gave the company a “market perform” rating in a research report on Friday. Finally, StockNews.com lowered CNA Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th.

Institutional Trading of CNA Financial

Hedge funds have recently bought and sold shares of the stock. Fairscale Capital LLC purchased a new stake in shares of CNA Financial in the second quarter worth about $55,000. GAMMA Investing LLC lifted its position in shares of CNA Financial by 36.9% in the second quarter. GAMMA Investing LLC now owns 1,566 shares of the insurance provider’s stock worth $72,000 after buying an additional 422 shares in the last quarter. Abich Financial Wealth Management LLC lifted its position in shares of CNA Financial by 39.1% in the first quarter. Abich Financial Wealth Management LLC now owns 1,756 shares of the insurance provider’s stock worth $80,000 after buying an additional 494 shares in the last quarter. Covestor Ltd lifted its position in shares of CNA Financial by 82.0% in the first quarter. Covestor Ltd now owns 1,971 shares of the insurance provider’s stock worth $90,000 after buying an additional 888 shares in the last quarter. Finally, Whittier Trust Co. purchased a new stake in shares of CNA Financial in the second quarter worth about $92,000. Institutional investors own 98.45% of the company’s stock.

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.