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 dated Tuesday, April 1st. The shares were sold at an average price of $51.06, for a total value of $319,125.00. Following the completion of the sale, the chairman now owns 718,088 shares in the company, valued at $36,665,573.28. This represents a 0.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

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 price of $47.63 per share, with a total value of $185,566.48.
• On Monday, March 17th, Dino Robusto sold 6,250 shares of CNA Financial stock. The shares were sold at an average price of $48.86, for a total transaction of $305,375.00.

CNA Financial Price Performance

CNA stock opened at $50.77 on Thursday. The firm has a 50 day moving average of $49.13 and a 200-day moving average of $48.88. The firm has a market capitalization of $13.72 billion, a P/E ratio of 14.42, a price-to-earnings-growth ratio of 9.23 and a beta of 0.68. CNA Financial Co. has a 12 month low of $42.33 and a 12 month high of $52.36. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.28.

CNA Financial (NYSE:CNA) last announced its quarterly earnings results on Monday, February 10th. The insurance provider reported $1.25 EPS for the quarter, beating the consensus estimate of $1.11 by $0.14. CNA Financial had a net margin of 6.72% and a return on equity of 12.90%. As a group, sell-side analysts predict that CNA Financial Co. will post 4.64 earnings per share 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 paid a $0.46 dividend. This is a positive change from CNA Financial’s previous quarterly dividend of $0.44. This represents a $1.84 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date of this dividend was Monday, February 24th. CNA Financial’s dividend payout ratio is currently 52.27%.

Institutional Trading of CNA Financial

Several institutional investors and hedge funds have recently modified their holdings of CNA. AQR Capital Management LLC increased its position in shares of CNA Financial by 41.4% in the fourth quarter. AQR Capital Management LLC now owns 1,939,336 shares of the insurance provider’s stock worth $93,806,000 after purchasing an additional 567,926 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of CNA Financial by 20.1% in the 4th quarter. First Trust Advisors LP now owns 1,486,853 shares of the insurance provider’s stock worth $71,919,000 after buying an additional 249,346 shares during the last quarter. Bank of New York Mellon Corp lifted 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 worth $56,937,000 after acquiring an additional 468,058 shares during the last quarter. CORDA Investment Management LLC. grew its position in CNA Financial by 1.8% in the fourth quarter. CORDA Investment Management LLC. now owns 661,532 shares of the insurance provider’s stock worth $31,998,000 after acquiring an additional 11,597 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in CNA Financial by 36.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 363,389 shares of the insurance provider’s stock valued at $17,577,000 after acquiring an additional 97,180 shares during the last quarter. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Keefe, Bruyette & Woods lowered their target price on shares of CNA Financial from $54.00 to $53.00 and set a “market perform” rating on the stock 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.

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.