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

CNA Financial Co. (NYSE:CNAGet Free Report) 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:CNAGet Free Report) 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.

Get Our Latest Analysis on CNA Financial

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

(Get Free Report)

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.

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