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

CNA Financial Co. (NYSE:CNA) Chairman Dino Robusto sold 6,250 shares of the business’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $48.86, for a total transaction of $305,375.00. Following the transaction, the chairman now directly owns 720,442 shares of the company’s stock, valued at approximately $35,200,796.12. This trade represents a 0.86 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

CNA Financial Trading Down 0.6 %

Shares of NYSE:CNA opened at $49.03 on Wednesday. CNA Financial Co. has a 12-month low of $42.33 and a 12-month high of $52.36. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $13.28 billion, a P/E ratio of 13.93, a price-to-earnings-growth ratio of 9.23 and a beta of 0.68. The firm has a fifty day moving average of $48.63 and a two-hundred day moving average of $48.94.

CNA Financial (NYSE:CNA) last posted its quarterly earnings results on Monday, February 10th. The insurance provider reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.14. CNA Financial had a return on equity of 12.90% and a net margin of 6.72%. On average, equities analysts expect that CNA Financial Co. will post 4.64 EPS for the current fiscal year.

CNA Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Monday, February 24th were given a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 3.75%. This is an increase from CNA Financial’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Monday, February 24th. CNA Financial’s payout ratio is currently 52.27%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. HighTower Advisors LLC boosted its holdings in CNA Financial by 107.1% in the third quarter. HighTower Advisors LLC now owns 22,172 shares of the insurance provider’s stock worth $1,066,000 after purchasing an additional 11,468 shares in the last quarter. Quest Partners LLC lifted its position in shares of CNA Financial by 69.3% in the third quarter. Quest Partners LLC now owns 26,737 shares of the insurance provider’s stock worth $1,309,000 after buying an additional 10,940 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of CNA Financial by 43.9% during the 3rd quarter. Wellington Management Group LLP now owns 41,051 shares of the insurance provider’s stock worth $2,009,000 after acquiring an additional 12,528 shares in the last quarter. Barclays PLC increased its holdings in shares of CNA Financial by 108.7% during the 3rd quarter. Barclays PLC now owns 31,444 shares of the insurance provider’s stock valued at $1,539,000 after acquiring an additional 16,377 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of CNA Financial by 66.0% during the 4th quarter. Bank of New York Mellon Corp now owns 1,177,110 shares of the insurance provider’s stock valued at $56,937,000 after acquiring an additional 468,058 shares during the last quarter. Institutional investors own 98.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. StockNews.com lowered shares of CNA Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, February 11th. Keefe, Bruyette & Woods decreased their price objective on CNA Financial from $54.00 to $53.00 and set a “market perform” rating for the company in a report on Wednesday, February 12th.

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.