Dino Robusto Acquires 3,896 Shares of CNA Financial Co. (NYSE:CNA) Stock

CNA Financial Co. (NYSE:CNA) Chairman Dino Robusto acquired 3,896 shares of the business’s stock in a transaction dated Thursday, March 13th. The shares were bought at an average price of $47.63 per share, for a total transaction of $185,566.48. Following the completion of the acquisition, the chairman now owns 724,338 shares in the company, valued at approximately $34,500,218.94. This trade represents a 0.54 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

• On Monday, March 17th, Dino Robusto sold 6,250 shares of CNA Financial stock. The stock was sold at an average price of $48.86, for a total transaction of $305,375.00.

CNA Financial Stock Down 0.1 %

CNA opened at $49.20 on Friday. The firm has a 50 day moving average price of $48.70 and a 200 day moving average price of $48.94. The company has a market cap of $13.33 billion, a PE ratio of 13.98, a price-to-earnings-growth ratio of 9.23 and a beta of 0.68. CNA Financial Co. has a 1 year low of $42.33 and a 1 year high of $52.36. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.28 and a current ratio of 0.28.

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

CNA Financial Increases Dividend

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

Institutional Trading of CNA Financial

Several large investors have recently bought and sold shares of CNA. AQR Capital Management LLC grew its position in 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 valued at $93,806,000 after acquiring an additional 567,926 shares in the last quarter. Bank of New York Mellon Corp grew its position in CNA Financial by 66.0% in the fourth 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 in the last quarter. Norges Bank acquired a new stake in CNA Financial in the fourth quarter valued at approximately $14,859,000. Raymond James Financial Inc. acquired a new stake in CNA Financial in the fourth quarter valued at approximately $13,129,000. Finally, First Trust Advisors LP grew its position in shares of CNA Financial by 20.1% during the fourth 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 in the last quarter. Institutional investors and hedge funds own 98.45% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods cut their price objective 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 shares of CNA Financial from a “buy” rating to a “hold” rating in a report 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.