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

CNA Financial Co. (NYSE:CNA) Chairman Dino Robusto sold 6,250 shares of CNA Financial stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $47.63, for a total transaction of $297,687.50. Following the sale, the chairman now owns 705,588 shares in the company, valued at approximately $33,607,156.44. This represents a 0.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Thursday, May 1st, Dino Robusto sold 6,250 shares of CNA Financial stock. The shares were sold at an average price of $47.61, for a total transaction of $297,562.50.
• On Tuesday, April 1st, Dino Robusto sold 6,250 shares of CNA Financial stock. The stock was sold at an average price of $51.06, for a total value of $319,125.00.
• On Thursday, March 13th, Dino Robusto purchased 3,896 shares of CNA Financial stock. The stock was bought at an average cost of $47.63 per share, for a total transaction of $185,566.48.
• On Monday, March 17th, Dino Robusto sold 6,250 shares of CNA Financial stock. The stock was sold at an average price of $48.86, for a total value of $305,375.00.

CNA Financial Stock Performance

Shares of NYSE CNA opened at $47.09 on Thursday. The company has a market cap of $12.74 billion, a P/E ratio of 13.38, a P/E/G ratio of 9.23 and a beta of 0.53. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.28. CNA Financial Co. has a 12 month low of $42.85 and a 12 month high of $52.36. The business’s 50 day moving average is $48.01 and its two-hundred day moving average is $48.54.

CNA Financial (NYSE:CNA) last announced its quarterly earnings results on Monday, May 5th. The insurance provider reported $1.03 earnings per share for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.13). CNA Financial had a net margin of 6.72% and a return on equity of 12.90%. The company had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.68 billion. During the same quarter last year, the company earned $1.30 earnings per share. On average, equities analysts expect that CNA Financial Co. will post 4.64 EPS for the current year.

CNA Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Monday, May 19th will be given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 3.91%. The ex-dividend date of this dividend is Monday, May 19th. CNA Financial’s dividend payout ratio (DPR) is 56.10%.

Institutional Trading of CNA Financial

A number of large investors have recently bought and sold shares of CNA. Hexagon Capital Partners LLC increased its stake in shares of CNA Financial by 56.4% in the first quarter. Hexagon Capital Partners LLC now owns 624 shares of the insurance provider’s stock valued at $32,000 after buying an additional 225 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of CNA Financial by 663.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 771 shares of the insurance provider’s stock valued at $37,000 after acquiring an additional 670 shares during the period. True Wealth Design LLC lifted its stake in shares of CNA Financial by 60.4% during the fourth quarter. True Wealth Design LLC now owns 1,166 shares of the insurance provider’s stock valued at $56,000 after acquiring an additional 439 shares during the period. Smartleaf Asset Management LLC lifted its stake in shares of CNA Financial by 29.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,265 shares of the insurance provider’s stock valued at $61,000 after acquiring an additional 286 shares during the period. Finally, Quent Capital LLC lifted its stake in shares of CNA Financial by 28.3% during the fourth quarter. Quent Capital LLC now owns 1,475 shares of the insurance provider’s stock valued at $71,000 after acquiring an additional 325 shares during the period. 98.45% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CNA has been the topic of several research analyst reports. Wall Street Zen cut CNA Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, February 11th. Keefe, Bruyette & Woods reduced their target price on CNA Financial from $54.00 to $53.00 and set a “market perform” rating for the company in a report on Wednesday, February 12th.

About CNA Financial

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.