CNA Financial (NYSE:CNA) Sets New 52-Week Low - Here's What Happened

CNA Financial Corporation (NYSE:CNA - Get Free Report)'s stock price 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 trading hands. The stock had previously closed at $45.07.

CNA Financial Price Performance

The business's 50 day moving average is $46.70 and its 200-day moving average is $47.88. The firm has a market capitalization of $11.89 billion, a P/E ratio of 13.39, a PEG ratio of 5.71 and a beta of 0.51. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.24.

CNA Financial (NYSE:CNA - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The insurance provider reported $1.03 earnings per share (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 period last year, the business earned $1.30 earnings per share. As a group, sell-side analysts predict that CNA Financial Corporation will post 4.64 EPS for the current fiscal year.

CNA Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 5th. Investors of record on Monday, May 19th were paid a $0.46 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $1.84 dividend on an annualized basis and a yield of 4.19%. CNA Financial's dividend payout ratio (DPR) is 56.10%.

Insiders Place Their Bets

In other CNA Financial news, EVP Mark Steven James sold 5,015 shares of the business's stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $48.35, for a total transaction of $242,475.25. Following the sale, the executive vice president 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Dino Robusto sold 6,250 shares of the business's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $47.63, for a total transaction of $297,687.50. Following the sale, the chairman directly owned 705,588 shares in the company, valued at approximately $33,607,156.44. The trade was a 0.88% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 17,515 shares of company stock worth $837,725. Insiders own 0.30% of the company's stock.

Institutional Trading of CNA Financial

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC grew its stake in shares of CNA Financial by 10.3% during the first quarter. GAMMA Investing LLC now owns 2,262 shares of the insurance provider's stock worth $115,000 after buying an additional 211 shares during the last quarter. Hexagon Capital Partners LLC grew its stake in shares of CNA Financial by 56.4% in the first quarter. Hexagon Capital Partners LLC now owns 624 shares of the insurance provider's stock worth $32,000 after purchasing an additional 225 shares during the last quarter. Applied Finance Capital Management LLC grew its stake in shares of CNA Financial by 3.4% in the first quarter. Applied Finance Capital Management LLC now owns 6,829 shares of the insurance provider's stock worth $347,000 after purchasing an additional 227 shares during the last quarter. US Bancorp DE grew its stake in shares of CNA Financial by 7.4% in the fourth quarter. US Bancorp DE now owns 3,703 shares of the insurance provider's stock worth $179,000 after purchasing an additional 254 shares during the last quarter. Finally, Tidal Investments LLC grew its stake in shares of CNA Financial by 2.1% in the fourth quarter. Tidal Investments LLC now owns 15,289 shares of the insurance provider's stock worth $740,000 after purchasing an additional 315 shares during the last quarter. Institutional investors own 98.45% of the company's stock.

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.