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

CNA Financial Corporation (NYSE:CNA) Chairman Dino Robusto sold 6,250 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $47.62, for a total value of $297,625.00. Following the sale, the chairman directly owned 661,838 shares in the company, valued at $31,516,725.56. The trade was a 0.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Monday, December 1st, Dino Robusto sold 6,250 shares of CNA Financial stock. The stock was sold at an average price of $46.92, for a total value of $293,250.00.
• On Monday, November 3rd, Dino Robusto sold 6,250 shares of CNA Financial stock. The shares were sold at an average price of $45.28, for a total value of $283,000.00.

CNA Financial Stock Performance

NYSE:CNA opened at $46.64 on Thursday. The firm has a market capitalization of $12.62 billion, a PE ratio of 12.78, a PEG ratio of 3.90 and a beta of 0.37. The stock’s fifty day moving average is $46.33 and its 200 day moving average is $46.29. CNA Financial Corporation has a fifty-two week low of $43.29 and a fifty-two week high of $51.34. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.28 and a current ratio of 0.28.

CNA Financial (NYSE:CNA) last posted its quarterly earnings data on Monday, November 3rd. The insurance provider reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.25. CNA Financial had a net margin of 6.71% and a return on equity of 12.78%. The business had revenue of $3.82 billion for the quarter, compared to analysts’ expectations of $2.84 billion. During the same quarter in the previous year, the business posted $1.08 earnings per share. On average, sell-side analysts anticipate that CNA Financial Corporation will post 4.64 earnings per share for the current year.

CNA Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 4th. Investors of record on Monday, November 17th were issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 3.9%. The ex-dividend date was Monday, November 17th. CNA Financial’s dividend payout ratio is presently 50.41%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CNA. Weiss Ratings restated a “hold (c+)” rating on shares of CNA Financial in a research report on Monday, December 29th. Wall Street Zen cut CNA Financial from a “buy” rating to a “hold” rating in a report on Saturday, January 3rd. Finally, Zacks Research lowered CNA Financial from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 1st. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $53.00.

Hedge Funds Weigh In On CNA Financial

Several institutional investors have recently made changes to their positions in the company. Abner Herrman & Brock LLC purchased a new stake in CNA Financial in the fourth quarter worth about $716,000. Board of the Pension Protection Fund lifted its position in shares of CNA Financial by 16.3% in the 4th quarter. Board of the Pension Protection Fund now owns 31,400 shares of the insurance provider’s stock worth $1,499,000 after purchasing an additional 4,400 shares during the period. JPMorgan Chase & Co. lifted its position in shares of CNA Financial by 55.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 10,176 shares of the insurance provider’s stock worth $473,000 after purchasing an additional 3,613 shares during the period. Tudor Investment Corp ET AL boosted its stake in shares of CNA Financial by 125.1% during the third quarter. Tudor Investment Corp ET AL now owns 164,121 shares of the insurance provider’s stock valued at $7,625,000 after purchasing an additional 91,205 shares in the last quarter. Finally, CIBC Private Wealth Group LLC increased its holdings in CNA Financial by 142.7% during the third quarter. CIBC Private Wealth Group LLC now owns 1,223 shares of the insurance provider’s stock valued at $57,000 after buying an additional 719 shares during the period. Hedge funds and other institutional investors own 98.45% of the company’s stock.

CNA Financial Company Profile

CNA Financial Corporation is a leading U.S.-based commercial property and casualty insurance company offering a broad portfolio of risk management and insurance solutions. The company underwrites coverage for businesses of all sizes across a variety of industry sectors, including manufacturing, healthcare, energy, technology, construction and real estate. In addition to core property and casualty insurance, CNA delivers specialized products such as surety bonds, professional liability, environmental liability and commercial auto coverage.

Headquartered in Chicago, Illinois, CNA traces its origins to the founding of Continental Casualty Company in 1897.