CNA Financial (NYSE:CNA) Chairman Dino Robusto Sells 6,250 Shares

Key Points

• Dino Robusto, Chairman of CNA Financial, sold 6,250 shares of company stock at an average price of $46.25, reducing his ownership percentage by 0.91%.
• CNA Financial recently reported earnings of $1.23 per share for the quarter, exceeding analyst expectations, with revenue of $3.37 billion against a consensus estimate of $2.76 billion.
• The company announced a quarterly dividend of $0.46, reflecting an annualized dividend yield of 4.0%.

CNA Financial Corporation (NYSE:CNA - Get Free Report) Chairman Dino Robusto sold 6,250 shares of the company's stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $46.25, for a total transaction of $289,062.50. Following the transaction, the chairman owned 680,588 shares in the company, valued at $31,477,195. The trade was a 0.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

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

• On Tuesday, September 2nd, Dino Robusto sold 6,250 shares of CNA Financial stock. The stock was sold at an average price of $49.00, for a total transaction of $306,250.00.

CNA Financial Trading Down 1.0%

Shares of CNA traded down $0.46 on Wednesday, reaching $46.01. 184,001 shares of the company's stock were exchanged, compared to its average volume of 430,596. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $12.45 billion, a P/E ratio of 14.34, a price-to-earnings-growth ratio of 4.09 and a beta of 0.54. The business has a 50 day moving average price of $47.01 and a two-hundred day moving average price of $47.13. CNA Financial Corporation has a 12 month low of $43.29 and a 12 month high of $51.42.

CNA Financial (NYSE:CNA - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The insurance provider reported $1.23 earnings per share for the quarter, topping analysts' consensus estimates of $0.94 by $0.29. The business had revenue of $3.37 billion during the quarter, compared to the consensus estimate of $2.76 billion. CNA Financial had a net margin of 5.99% and a return on equity of 11.85%. During the same period in the previous year, the firm posted $1.19 earnings per share. Research analysts anticipate that CNA Financial Corporation will post 4.64 earnings per share for the current year.

CNA Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Monday, August 18th were issued a $0.46 dividend. The ex-dividend date was Monday, August 18th. This represents a $1.84 annualized dividend and a yield of 4.0%. CNA Financial's dividend payout ratio (DPR) is 57.32%.

Institutional Investors Weigh In On CNA Financial

Several hedge funds have recently bought and sold shares of the company. AQR Capital Management LLC raised its holdings in CNA Financial by 3.4% in the second quarter. AQR Capital Management LLC now owns 2,435,892 shares of the insurance provider's stock worth $112,806,000 after purchasing an additional 80,700 shares during the period. Bank of New York Mellon Corp raised its holdings in CNA Financial by 26.0% in the second quarter. Bank of New York Mellon Corp now owns 1,499,771 shares of the insurance provider's stock worth $69,784,000 after purchasing an additional 309,534 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in CNA Financial by 210.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 862,690 shares of the insurance provider's stock worth $43,816,000 after purchasing an additional 585,076 shares during the period. CORDA Investment Management LLC. raised its holdings in CNA Financial by 2.8% in the second quarter. CORDA Investment Management LLC. now owns 684,838 shares of the insurance provider's stock worth $31,866,000 after purchasing an additional 18,856 shares during the period. Finally, Vanguard Group Inc. raised its holdings in CNA Financial by 2.0% in the first quarter. Vanguard Group Inc. now owns 556,695 shares of the insurance provider's stock worth $28,275,000 after purchasing an additional 11,019 shares during the period. 98.45% of the stock is currently owned by institutional investors and hedge funds.

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.

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