CNA Financial (NYSE:CNA) Reaches New 52-Week Low - Should You Sell?

Shares of CNA Financial Corporation (NYSE:CNA - Get Free Report) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $44.57 and last traded at $44.75, with a volume of 174189 shares changing hands. The stock had previously closed at $45.07.

CNA Financial Price Performance

The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $12.02 billion, a price-to-earnings ratio of 13.55, a P/E/G ratio of 5.86 and a beta of 0.51. The company's 50 day moving average is $46.93 and its 200-day moving average is $47.97.

CNA Financial (NYSE:CNA - Get Free Report) last posted its earnings results on Monday, May 5th. The insurance provider reported $1.03 earnings per share for the quarter, missing analysts' consensus estimates of $1.16 by ($0.13). CNA Financial had a return on equity of 11.99% and a net margin of 6.19%. The business had revenue of $3.63 billion for the quarter, compared to analyst estimates of $3.68 billion. During the same period in the previous year, the firm posted $1.30 earnings per share. Equities research analysts anticipate that CNA Financial Corporation will post 4.64 earnings per share for the current year.

CNA Financial Dividend Announcement

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

Insider Activity

In related news, Chairman Dino Robusto sold 6,250 shares of the business's stock in a transaction dated Thursday, May 1st. The stock was sold at an average price of $47.61, for a total value of $297,562.50. Following the completion of the transaction, the chairman owned 711,838 shares of the company's stock, valued at $33,890,607.18. The trade was a 0.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Mark Steven James sold 5,015 shares of the firm's stock in a transaction dated Tuesday, May 20th. The shares were 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 in the company, valued at approximately $1,308,302.65. This represents a 15.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 17,515 shares of company stock worth $837,725. Insiders own 0.36% of the company's stock.

Institutional Investors Weigh In On CNA Financial

Several institutional investors and hedge funds have recently added to or reduced their stakes in CNA. Hexagon Capital Partners LLC lifted its stake in shares of CNA Financial by 56.4% in the 1st quarter. Hexagon Capital Partners LLC now owns 624 shares of the insurance provider's stock valued at $32,000 after acquiring an additional 225 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in 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 purchasing an additional 670 shares during the last quarter. True Wealth Design LLC lifted its holdings in CNA Financial by 60.4% in the fourth quarter. True Wealth Design LLC now owns 1,166 shares of the insurance provider's stock valued at $56,000 after buying an additional 439 shares during the period. Smartleaf Asset Management LLC lifted its stake in shares of CNA Financial by 29.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,265 shares of the insurance provider's stock valued at $61,000 after purchasing an additional 286 shares during the period. Finally, Quantbot Technologies LP bought a new position in shares of CNA Financial during the 4th quarter worth approximately $74,000. 98.45% of the stock is currently owned by institutional investors.

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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