CNA Financial Co. (NYSE:CNA) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. lessened its stake in shares of CNA Financial Co. (NYSE:CNAFree Report) by 5.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 24,147 shares of the insurance provider’s stock after selling 1,503 shares during the quarter. Franklin Resources Inc.’s holdings in CNA Financial were worth $1,022,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Signaturefd LLC boosted its holdings in shares of CNA Financial by 12.7% during the fourth quarter. Signaturefd LLC now owns 2,994 shares of the insurance provider’s stock worth $127,000 after purchasing an additional 337 shares during the last quarter. Covestor Ltd boosted its holdings in shares of CNA Financial by 36.2% during the third quarter. Covestor Ltd now owns 1,903 shares of the insurance provider’s stock worth $75,000 after purchasing an additional 506 shares during the last quarter. CENTRAL TRUST Co acquired a new stake in shares of CNA Financial during the fourth quarter worth $25,000. Janiczek Wealth Management LLC boosted its holdings in shares of CNA Financial by 28.6% during the fourth quarter. Janiczek Wealth Management LLC now owns 2,716 shares of the insurance provider’s stock worth $115,000 after purchasing an additional 604 shares during the last quarter. Finally, Blue Trust Inc. acquired a new stake in shares of CNA Financial during the fourth quarter worth $27,000. Institutional investors and hedge funds own 98.45% of the company’s stock.

Insider Buying and Selling at CNA Financial

In other CNA Financial news, CAO Daniel Paul Franzetti sold 23,301 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $44.78, for a total value of $1,043,418.78. Following the transaction, the chief accounting officer now directly owns 63,996 shares of the company’s stock, valued at $2,865,740.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.30% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

CNA has been the topic of several analyst reports. Keefe, Bruyette & Woods raised their price objective on CNA Financial from $48.00 to $50.00 and gave the stock a “market perform” rating in a report on Wednesday, April 10th. StockNews.com raised CNA Financial from a “hold” rating to a “buy” rating in a research report on Thursday, May 16th.

Get Our Latest Analysis on CNA

CNA Financial Trading Down 1.2 %

Shares of CNA opened at $44.58 on Friday. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $12.09 billion, a P/E ratio of 9.73, a price-to-earnings-growth ratio of 2.72 and a beta of 0.65. The stock’s fifty day simple moving average is $44.35 and its 200 day simple moving average is $43.71. CNA Financial Co. has a twelve month low of $37.54 and a twelve month high of $47.37.

CNA Financial (NYSE:CNAGet Free Report) last issued its earnings results on Monday, May 6th. The insurance provider reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($0.07). The firm had revenue of $3.44 billion during the quarter, compared to analysts’ expectations of $2.94 billion. CNA Financial had a return on equity of 14.27% and a net margin of 9.17%. During the same period last year, the business posted $1.19 earnings per share. On average, equities research analysts forecast that CNA Financial Co. will post 4.94 earnings per share for the current year.

CNA Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 6th. Shareholders of record on Monday, May 20th were given a $0.44 dividend. The ex-dividend date was Friday, May 17th. This is a positive change from CNA Financial’s previous quarterly dividend of $0.42. This represents a $1.76 annualized dividend and a yield of 3.95%. CNA Financial’s dividend payout ratio (DPR) is 38.43%.

About CNA Financial

(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.

See Also

Institutional Ownership by Quarter for CNA Financial (NYSE:CNA)

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