Insider Selling: CNA Financial (NYSE:CNA) CAO Sells $1,202,807.04 in Stock

CNA Financial Corporation (NYSE:CNAGet Free Report) CAO Daniel Paul Franzetti sold 22,656 shares of the company’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $53.09, for a total value of $1,202,807.04. Following the completion of the transaction, the chief accounting officer owned 68,032 shares of the company’s stock, valued at $3,611,818.88. The trade was a 24.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

CNA Financial Trading Up 0.4%

NYSE CNA opened at $52.55 on Friday. The company has a market cap of $14.22 billion, a P/E ratio of 11.55, a P/E/G ratio of 7.07 and a beta of 0.28. CNA Financial Corporation has a 12 month low of $41.53 and a 12 month high of $55.71. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.27 and a quick ratio of 0.26. The company has a 50-day moving average of $48.88 and a 200-day moving average of $47.52.

CNA Financial (NYSE:CNAGet Free Report) last released its earnings results on Monday, August 3rd. The insurance provider reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.11. CNA Financial had a net margin of 8.16% and a return on equity of 11.34%. The firm had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $2.97 billion. During the same period in the previous year, the firm earned $1.23 earnings per share. As a group, equities analysts predict that CNA Financial Corporation will post 4.14 earnings per share for the current year.

CNA Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Monday, August 17th will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $1.92 annualized dividend and a dividend yield of 3.7%. CNA Financial’s payout ratio is currently 42.20%.

Hedge Funds Weigh In On CNA Financial

Several hedge funds and other institutional investors have recently made changes to their positions in CNA. Amundi increased its holdings in CNA Financial by 5.3% in the 1st quarter. Amundi now owns 7,787 shares of the insurance provider’s stock valued at $395,000 after purchasing an additional 389 shares in the last quarter. Goldman Sachs Group Inc. raised its position in CNA Financial by 0.7% in the first quarter. Goldman Sachs Group Inc. now owns 351,997 shares of the insurance provider’s stock valued at $17,878,000 after purchasing an additional 2,466 shares during the period. Empowered Funds LLC lifted its stake in shares of CNA Financial by 12.9% during the first quarter. Empowered Funds LLC now owns 5,966 shares of the insurance provider’s stock worth $303,000 after purchasing an additional 684 shares in the last quarter. Focus Partners Wealth acquired a new position in shares of CNA Financial during the first quarter worth about $281,000. Finally, Quantbot Technologies LP purchased a new stake in shares of CNA Financial in the second quarter worth about $55,000. Institutional investors and hedge funds own 98.45% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Weiss Ratings raised CNA Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, July 17th. Zacks Research raised CNA Financial from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 16th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, CNA Financial presently has a consensus rating of “Moderate Buy”.

Check Out Our Latest Research Report on CNA

CNA Financial Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for CNA Financial (NYSE:CNA)

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