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

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

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

• On Thursday, March 13th, Dino Robusto bought 3,896 shares of CNA Financial stock. The stock was acquired at an average cost of $47.63 per share, for a total transaction of $185,566.48.

CNA Financial Price Performance

CNA stock opened at $49.22 on Thursday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.28 and a quick ratio of 0.28. CNA Financial Co. has a 1 year low of $42.33 and a 1 year high of $52.36. The firm has a 50-day moving average of $48.67 and a 200 day moving average of $48.94. The company has a market cap of $13.33 billion, a P/E ratio of 13.98, a PEG ratio of 9.23 and a beta of 0.68.

CNA Financial (NYSE:CNA) last released its earnings results on Monday, February 10th. The insurance provider reported $1.25 EPS for the quarter, beating 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, sell-side analysts forecast that CNA Financial Co. will post 4.64 EPS for the current year.

CNA Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Monday, February 24th were given a $0.46 dividend. The ex-dividend date was Monday, February 24th. This is an increase from CNA Financial’s previous quarterly dividend of $0.44. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.74%. CNA Financial’s dividend payout ratio is currently 52.27%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on CNA shares. Keefe, Bruyette & Woods dropped 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. StockNews.com lowered CNA Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, February 11th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. True Wealth Design LLC purchased a new stake in CNA Financial in the third quarter worth about $36,000. EverSource Wealth Advisors LLC boosted its position in shares of CNA Financial by 663.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 771 shares of the insurance provider’s stock worth $37,000 after purchasing an additional 670 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in shares of CNA Financial by 29.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,265 shares of the insurance provider’s stock worth $61,000 after buying an additional 286 shares during the last quarter. Quent Capital LLC increased its position in CNA Financial by 28.3% during the 4th quarter. Quent Capital LLC now owns 1,475 shares of the insurance provider’s stock valued at $71,000 after buying an additional 325 shares in the last quarter. Finally, Quantbot Technologies LP bought a new position in CNA Financial during the 4th quarter valued at approximately $74,000. 98.45% of the stock is owned by hedge funds and other institutional investors.

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.