CNA Financial (NYSE:CNA) Reaches New 1-Year Low - What's Next?

CNA Financial Corporation (NYSE:CNA - Get Free Report) shares reached a new 52-week low during trading on Tuesday . The company traded as low as $43.48 and last traded at $43.57, with a volume of 212298 shares trading hands. The stock had previously closed at $44.17.

CNA Financial Stock Performance

The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.27 and a current ratio of 0.27. The stock's 50-day moving average is $46.34 and its 200 day moving average is $47.75. The firm has a market cap of $12.02 billion, a P/E ratio of 13.55, a PEG ratio of 5.71 and a beta of 0.51.

CNA Financial (NYSE:CNA - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The insurance provider reported $1.03 EPS for the quarter, missing analysts' consensus estimates of $1.16 by ($0.13). The firm had revenue of $3.63 billion during the quarter, compared to the consensus estimate of $3.68 billion. CNA Financial had a net margin of 6.19% and a return on equity of 11.99%. During the same quarter in the prior year, the company earned $1.30 EPS. On average, research analysts predict that CNA Financial Corporation will post 4.64 earnings per share for the current year.

CNA Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 4.14%. The ex-dividend date of this dividend was Monday, May 19th. CNA Financial's payout ratio is presently 56.10%.

Insiders Place Their Bets

In related news, Chairman Dino Robusto sold 6,250 shares of the company's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $47.61, for a total value of $297,562.50. Following the completion of the transaction, the chairman directly owned 711,838 shares of the company's stock, valued at approximately $33,890,607.18. This represents a 0.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mark Steven James sold 5,015 shares of the company's stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $48.35, for a total transaction of $242,475.25. Following the completion of the transaction, the executive vice president directly owned 27,059 shares of the company's stock, valued at approximately $1,308,302.65. The trade was a 15.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 17,515 shares of company stock valued at $837,725. Company insiders own 0.30% of the company's stock.

Hedge Funds Weigh In On CNA Financial

A number of large investors have recently modified their holdings of CNA. Hexagon Capital Partners LLC boosted its stake in shares of CNA Financial by 56.4% during the 1st quarter. Hexagon Capital Partners LLC now owns 624 shares of the insurance provider's stock worth $32,000 after buying an additional 225 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of CNA Financial by 663.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 771 shares of the insurance provider's stock worth $37,000 after buying an additional 670 shares during the last quarter. True Wealth Design LLC boosted its stake in shares of CNA Financial by 60.4% during the 4th quarter. True Wealth Design LLC now owns 1,166 shares of the insurance provider's stock worth $56,000 after buying an additional 439 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of CNA Financial during the 4th quarter worth about $74,000. Finally, Covestor Ltd boosted its stake in shares of CNA Financial by 33.4% during the 4th quarter. Covestor Ltd now owns 2,079 shares of the insurance provider's stock worth $100,000 after buying an additional 521 shares during the last quarter. 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.