Insider Selling: CNA Financial (NYSE:CNA) SVP Sells $151,103.39 in Stock

CNA Financial Corporation (NYSE:CNA) SVP Jeffrey John Neuenschwander sold 3,287 shares of the firm’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $45.97, for a total transaction of $151,103.39. Following the transaction, the senior vice president directly owned 7,277 shares in the company, valued at $334,523.69. The trade was a 31.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

CNA Financial Trading Up 0.3%

NYSE CNA opened at $45.25 on Monday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.28 and a current ratio of 0.28. The firm has a market cap of $12.25 billion, a PE ratio of 9.65, a P/E/G ratio of 6.57 and a beta of 0.34. CNA Financial Corporation has a one year low of $43.29 and a one year high of $51.34. The firm’s fifty day moving average is $47.68 and its two-hundred day moving average is $46.80.

CNA Financial (NYSE:CNA) last announced its earnings results on Monday, February 9th. The insurance provider reported $1.16 EPS for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.04). CNA Financial had a net margin of 8.53% and a return on equity of 12.23%. The business had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $2.88 billion. During the same period in the previous year, the company posted $1.25 earnings per share. Analysts expect that CNA Financial Corporation will post 4.64 earnings per share for the current year.

CNA Financial Announces Dividend

The business also recently disclosed an annual dividend, which was paid on Thursday, March 12th. Shareholders of record on Monday, February 23rd were paid a dividend of $2.00 per share. The ex-dividend date of this dividend was Monday, February 23rd. This represents a yield of 409.0%. CNA Financial’s dividend payout ratio is currently 40.94%.

Institutional Investors Weigh In On CNA Financial

A number of institutional investors have recently added to or reduced their stakes in CNA. Corient Private Wealth LLC increased its position in CNA Financial by 117.2% during the 4th quarter. Corient Private Wealth LLC now owns 12,697 shares of the insurance provider’s stock worth $606,000 after purchasing an additional 6,850 shares during the period. DGS Capital Management LLC acquired a new stake in shares of CNA Financial in the 4th quarter valued at approximately $268,000. Kera Capital Partners Inc. purchased a new stake in shares of CNA Financial in the fourth quarter valued at approximately $381,000. Invesco Ltd. boosted its stake in shares of CNA Financial by 1.7% in the fourth quarter. Invesco Ltd. now owns 114,144 shares of the insurance provider’s stock valued at $5,449,000 after buying an additional 1,939 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its holdings in CNA Financial by 19.2% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 16,208 shares of the insurance provider’s stock worth $774,000 after acquiring an additional 2,606 shares during the period. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Wall Street Analyst Weigh In

CNA has been the topic of several analyst reports. Wall Street Zen downgraded CNA Financial from a “buy” rating to a “hold” rating in a research note on Sunday, February 15th. Weiss Ratings upgraded CNA Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, February 5th. Finally, Zacks Research downgraded CNA Financial from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 1st. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

About CNA Financial

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.