Cna Financial Corp (NYSE:CNA) EVP Douglas Worman sold 2,023 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $44.16, for a total value of $89,335.68. Following the completion of the transaction, the executive vice president now owns 44,575 shares in the company, valued at $1,968,432. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Shares of NYSE:CNA traded up $0.31 during midday trading on Wednesday, hitting $43.36. The company had a trading volume of 183,615 shares, compared to its average volume of 213,777. Cna Financial Corp has a 12 month low of $41.49 and a 12 month high of $50.47. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.22. The stock has a market cap of $12.14 billion, a price-to-earnings ratio of 13.99, a PEG ratio of 2.10 and a beta of 0.80. The firm has a fifty day simple moving average of $44.98 and a 200 day simple moving average of $46.82.
Cna Financial (NYSE:CNA) last posted its quarterly earnings results on Monday, October 28th. The insurance provider reported $0.37 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.04 by ($0.67). Cna Financial had a return on equity of 7.72% and a net margin of 6.19%. The company had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $2.38 billion. During the same quarter in the prior year, the business earned $1.23 earnings per share. Equities analysts forecast that Cna Financial Corp will post 4.26 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Shareholders of record on Monday, November 11th were issued a dividend of $0.35 per share. The ex-dividend date was Thursday, November 7th. This represents a $1.40 annualized dividend and a yield of 3.23%. Cna Financial’s dividend payout ratio is presently 45.16%.
Separately, Zacks Investment Research lowered Cna Financial from a “hold” rating to a “sell” rating and set a $49.00 price target on the stock. in a research report on Tuesday, August 6th.
A number of hedge funds have recently bought and sold shares of CNA. North Star Investment Management Corp. bought a new position in Cna Financial during the third quarter worth about $61,000. Signaturefd LLC lifted its holdings in Cna Financial by 23.6% during the second quarter. Signaturefd LLC now owns 1,565 shares of the insurance provider’s stock worth $74,000 after acquiring an additional 299 shares in the last quarter. Whittier Trust Co. bought a new position in Cna Financial during the third quarter worth about $78,000. Meeder Asset Management Inc. lifted its holdings in Cna Financial by 1,605.4% during the third quarter. Meeder Asset Management Inc. now owns 1,586 shares of the insurance provider’s stock worth $78,000 after acquiring an additional 1,493 shares in the last quarter. Finally, US Bancorp DE lifted its holdings in Cna Financial by 41.9% during the second quarter. US Bancorp DE now owns 2,040 shares of the insurance provider’s stock worth $96,000 after acquiring an additional 602 shares in the last quarter. Hedge funds and other institutional investors own 99.10% of the company’s stock.
About Cna Financial
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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