CNA Financial Co. (NYSE:CNA) CAO Daniel Paul Franzetti Sells 12,991 Shares

CNA Financial Co. (NYSE:CNA) CAO Daniel Paul Franzetti sold 12,991 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $49.06, for a total value of $637,338.46. Following the sale, the chief accounting officer now directly owns 75,612 shares in the company, valued at approximately $3,709,524.72. The trade was a 14.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

CNA Financial Stock Down 0.6 %

NYSE:CNA traded down $0.31 during trading hours on Tuesday, hitting $49.03. 280,203 shares of the stock traded hands, compared to its average volume of 333,198. The firm has a 50 day moving average price of $48.60 and a 200 day moving average price of $48.96. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.28. CNA Financial Co. has a fifty-two week low of $42.33 and a fifty-two week high of $52.36. The firm has a market cap of $13.28 billion, a price-to-earnings ratio of 13.93, a PEG ratio of 9.23 and a beta of 0.68.

CNA Financial (NYSE:CNA) last announced its earnings results on Monday, February 10th. The insurance provider reported $1.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.11 by $0.14. CNA Financial had a net margin of 6.72% and a return on equity of 12.90%. Equities research analysts anticipate that CNA Financial Co. will post 4.64 earnings per share for the current year.

CNA Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Monday, February 24th were paid a dividend of $0.46 per share. This is an increase from CNA Financial’s previous quarterly dividend of $0.44. This represents a $1.84 annualized dividend and a yield of 3.75%. The ex-dividend date of this dividend was Monday, February 24th. CNA Financial’s payout ratio is 52.27%.

Institutional Trading of CNA Financial

Large investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC grew its holdings in shares of CNA Financial by 41.4% during the 4th quarter. AQR Capital Management LLC now owns 1,939,336 shares of the insurance provider’s stock valued at $93,806,000 after acquiring an additional 567,926 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of CNA Financial by 66.0% during the 4th quarter. Bank of New York Mellon Corp now owns 1,177,110 shares of the insurance provider’s stock valued at $56,937,000 after acquiring an additional 468,058 shares in the last quarter. Norges Bank purchased a new position in shares of CNA Financial during the 4th quarter valued at $14,859,000. Raymond James Financial Inc. purchased a new position in shares of CNA Financial during the 4th quarter valued at $13,129,000. Finally, First Trust Advisors LP grew its holdings in shares of CNA Financial by 20.1% during the 4th quarter. First Trust Advisors LP now owns 1,486,853 shares of the insurance provider’s stock valued at $71,919,000 after acquiring an additional 249,346 shares in the last quarter. 98.45% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CNA has been the topic of several research reports. Keefe, Bruyette & Woods dropped their price target on CNA Financial from $54.00 to $53.00 and set a “market perform” rating on the stock in a report on Wednesday, February 12th. StockNews.com cut CNA Financial from a “buy” rating to a “hold” rating in a report on Tuesday, February 11th.

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.