Cna Financial (NYSE:CNA) Shares Up 0.4%

Cna Financial Corp (NYSE:CNA) shares shot up 0.4% during mid-day trading on Friday . The stock traded as high as $47.48 and last traded at $47.48. 1,271 shares changed hands during trading, a decline of 99% from the average session volume of 187,024 shares. The stock had previously closed at $47.28.

Separately, Zacks Investment Research raised shares of Cna Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, April 17th.

The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $12.77 billion, a PE ratio of 15.35, a price-to-earnings-growth ratio of 2.29 and a beta of 0.86.

Cna Financial (NYSE:CNA) last issued its earnings results on Monday, April 29th. The insurance provider reported $1.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.04 by $0.13. The business had revenue of $2.38 billion for the quarter, compared to the consensus estimate of $2.35 billion. Cna Financial had a net margin of 8.39% and a return on equity of 7.74%. During the same quarter in the previous year, the firm earned $1.07 earnings per share. On average, analysts anticipate that Cna Financial Corp will post 4.1 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Stockholders of record on Monday, May 13th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.94%. The ex-dividend date of this dividend was Friday, May 10th. Cna Financial’s payout ratio is 45.16%.

In other news, CEO Dino Robusto sold 1,094 shares of Cna Financial stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $45.65, for a total value of $49,941.10. Following the sale, the chief executive officer now owns 302,384 shares of the company’s stock, valued at $13,803,829.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Andrew J. Pinkes sold 7,132 shares of Cna Financial stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $45.79, for a total transaction of $326,574.28. Following the completion of the sale, the executive vice president now directly owns 62,137 shares in the company, valued at approximately $2,845,253.23. The disclosure for this sale can be found here. 0.23% of the stock is owned by insiders.

Several large investors have recently modified their holdings of CNA. First Mercantile Trust Co. boosted its holdings in shares of Cna Financial by 41.0% in the fourth quarter. First Mercantile Trust Co. now owns 1,960 shares of the insurance provider’s stock valued at $87,000 after acquiring an additional 570 shares in the last quarter. Assetmark Inc. lifted its stake in shares of Cna Financial by 55.3% in the first quarter. Assetmark Inc. now owns 2,764 shares of the insurance provider’s stock valued at $120,000 after purchasing an additional 984 shares during the period. Pearl River Capital LLC acquired a new stake in shares of Cna Financial in the first quarter valued at about $156,000. Hilltop Holdings Inc. lifted its stake in shares of Cna Financial by 25.2% in the fourth quarter. Hilltop Holdings Inc. now owns 5,562 shares of the insurance provider’s stock valued at $246,000 after purchasing an additional 1,120 shares during the period. Finally, Raymond James Trust N.A. acquired a new stake in shares of Cna Financial in the first quarter valued at about $276,000. 99.11% of the stock is currently owned by institutional investors and hedge funds.

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About Cna Financial (NYSE:CNA)

CNA Financial Corporation provides commercial property and casualty insurance products primarily in the United States. It 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 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 standard property and casualty coverages for healthcare industry; surety and fidelity bonds; and warranty and alternative risks products.

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