Shares of CNA Financial Corporation (NYSE:CNA - Get Free Report) hit a new 52-week low on Wednesday . The stock traded as low as $44.57 and last traded at $44.75, with a volume of 174189 shares traded. The stock had previously closed at $45.07.
CNA Financial Stock Down 1.3%
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 firm has a market capitalization of $11.90 billion, a PE ratio of 13.41, a PEG ratio of 5.85 and a beta of 0.51. The company has a fifty day simple moving average of $46.86 and a two-hundred day simple moving average of $47.95.
CNA Financial (NYSE:CNA - Get Free Report) last issued its quarterly earnings data 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). The company had revenue of $3.63 billion for the quarter, compared to analysts' expectations of $3.68 billion. CNA Financial had a return on equity of 11.99% and a net margin of 6.19%. During the same quarter last year, the company earned $1.30 earnings per share. Analysts forecast that CNA Financial Corporation will post 4.64 EPS for the current fiscal year.
CNA Financial Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 5th. Shareholders 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 4.18%. The ex-dividend date was Monday, May 19th. CNA Financial's dividend payout ratio (DPR) is presently 56.10%.
Insider Transactions at CNA Financial
In related news, EVP Mark Steven James sold 5,015 shares of the firm's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $48.35, for a total transaction of $242,475.25. Following the sale, the executive vice president directly owned 27,059 shares of the company's stock, valued at $1,308,302.65. This trade represents a 15.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman Dino Robusto sold 6,250 shares of the firm's stock in a transaction that occurred 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 owned 711,838 shares in the company, valued at approximately $33,890,607.18. This trade represents a 0.87% decrease in their position. The disclosure for this sale can be found here. Insiders sold 17,515 shares of company stock worth $837,725 over the last three months. Corporate insiders own 0.30% of the company's stock.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of CNA Financial in the 1st quarter valued at about $887,000. Wealth Enhancement Advisory Services LLC grew its holdings in shares of CNA Financial by 37.8% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 27,934 shares of the insurance provider's stock worth $1,419,000 after acquiring an additional 7,665 shares during the period. SG Americas Securities LLC acquired a new stake in shares of CNA Financial in the 1st quarter worth approximately $470,000. GAMMA Investing LLC grew its holdings in shares of CNA Financial by 5,501.5% in the 1st quarter. GAMMA Investing LLC now owns 114,887 shares of the insurance provider's stock worth $5,835,000 after acquiring an additional 112,836 shares during the period. Finally, Jefferies Financial Group Inc. acquired a new stake in shares of CNA Financial in the 4th quarter worth approximately $387,000. 98.45% of the stock is currently owned by hedge funds and other institutional investors.
About CNA Financial
(
Get Free Report)
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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