CNA Financial Co. (NYSE:CNA) EVP Douglas Worman Sells 22,973 Shares

CNA Financial Co. (NYSE:CNA) EVP Douglas Worman sold 22,973 shares of the business’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $48.75, for a total transaction of $1,119,933.75. Following the transaction, the executive vice president now owns 133,777 shares of the company’s stock, valued at approximately $6,521,628.75. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

CNA Financial Stock Performance

Shares of CNA stock opened at $48.30 on Thursday. CNA Financial Co. has a 1 year low of $38.87 and a 1 year high of $52.36. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.26 and a current ratio of 0.26. The firm has a market cap of $13.08 billion, a price-to-earnings ratio of 10.06, a PEG ratio of 6.22 and a beta of 0.65. The stock’s 50-day moving average is $49.15 and its two-hundred day moving average is $47.51.

CNA Financial (NYSE:CNA) last released its quarterly earnings results on Monday, November 4th. The insurance provider reported $1.08 EPS for the quarter, topping the consensus estimate of $1.07 by $0.01. The company had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.15 billion. CNA Financial had a return on equity of 13.30% and a net margin of 9.26%. During the same quarter in the previous year, the company posted $1.06 earnings per share. Analysts predict that CNA Financial Co. will post 4.65 earnings per share for the current year.

CNA Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Monday, November 18th will be paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date is Monday, November 18th. CNA Financial’s dividend payout ratio is currently 36.67%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of CNA. Janney Montgomery Scott LLC acquired a new stake in shares of CNA Financial during the first quarter worth about $231,000. Russell Investments Group Ltd. raised its stake in CNA Financial by 9.5% during the 1st quarter. Russell Investments Group Ltd. now owns 58,958 shares of the insurance provider’s stock valued at $2,678,000 after acquiring an additional 5,130 shares during the last quarter. Entropy Technologies LP acquired a new stake in CNA Financial during the 1st quarter worth approximately $520,000. Vanguard Group Inc. grew its stake in shares of CNA Financial by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 706,279 shares of the insurance provider’s stock valued at $32,079,000 after purchasing an additional 7,201 shares during the last quarter. Finally, Edgestream Partners L.P. increased its holdings in shares of CNA Financial by 229.0% in the first quarter. Edgestream Partners L.P. now owns 113,901 shares of the insurance provider’s stock valued at $5,173,000 after purchasing an additional 79,280 shares during the period. 98.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CNA. Bank of America upped their price objective on CNA Financial from $45.00 to $48.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th. StockNews.com upgraded shares of CNA Financial from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, Keefe, Bruyette & Woods raised their price objective on shares of CNA Financial from $54.00 to $55.00 and gave the stock a “market perform” rating in a report on Friday, November 8th.

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.