CNA Financial Co. (NYSE:CNA) CAO Daniel Paul Franzetti Sells 12,991 Shares

CNA Financial Co. (NYSE:CNA) CAO Daniel Paul Franzetti sold 12,991 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $49.06, for a total transaction of $637,338.46. Following the transaction, the chief accounting officer now owns 75,612 shares of the company’s stock, valued at $3,709,524.72. This trade represents a 14.66 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

CNA Financial Stock Up 0.3 %

CNA stock opened at $49.22 on Thursday. The company’s 50 day moving average is $48.67 and its two-hundred day moving average is $48.94. CNA Financial Co. has a twelve month low of $42.33 and a twelve 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. The stock has a market cap of $13.33 billion, a P/E ratio of 13.98, a PEG ratio of 9.23 and a beta of 0.68.

CNA Financial (NYSE:CNA) last announced its quarterly earnings results on Monday, February 10th. The insurance provider reported $1.25 earnings per share for the quarter, beating 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%. Research analysts expect that CNA Financial Co. will post 4.64 earnings per share for the current fiscal year.

CNA Financial Increases Dividend

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in CNA. AQR Capital Management LLC grew its position in shares of CNA Financial by 41.4% during the fourth quarter. AQR Capital Management LLC now owns 1,939,336 shares of the insurance provider’s stock worth $93,806,000 after acquiring an additional 567,926 shares during the last quarter. Bank of New York Mellon Corp grew its position in 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 purchasing an additional 468,058 shares during the last quarter. Norges Bank acquired a new position in CNA Financial in the fourth quarter valued at $14,859,000. Raymond James Financial Inc. purchased a new stake in shares of CNA Financial in the fourth quarter valued at about $13,129,000. Finally, First Trust Advisors LP raised its holdings in shares of CNA Financial by 20.1% in the fourth quarter. First Trust Advisors LP now owns 1,486,853 shares of the insurance provider’s stock valued at $71,919,000 after buying an additional 249,346 shares during the last quarter. Institutional investors and hedge funds own 98.45% of the company’s stock.

Wall Street Analysts Forecast Growth

CNA has been the subject of a number of analyst reports. StockNews.com downgraded shares of CNA Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, February 11th. Keefe, Bruyette & Woods lowered their price objective on CNA Financial from $54.00 to $53.00 and set a “market perform” rating for the company in a research report on Wednesday, February 12th.

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.