CNA Financial Co. (NYSE:CNA) Chairman Sells $297,687.50 in Stock

CNA Financial Co. (NYSE:CNA - Get Free Report) Chairman Dino Robusto sold 6,250 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the chairman now owns 705,588 shares in the company, valued at $33,607,156.44. This represents a 0.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Thursday, May 1st, Dino Robusto sold 6,250 shares of CNA Financial stock. The stock was sold at an average price of $47.61, for a total transaction of $297,562.50.
• On Tuesday, April 1st, Dino Robusto sold 6,250 shares of CNA Financial stock. The stock was sold at an average price of $51.06, for a total transaction of $319,125.00.
• On Thursday, March 13th, Dino Robusto purchased 3,896 shares of CNA Financial stock. The stock was acquired at an average price of $47.63 per share, with a total value of $185,566.48.
• On Monday, March 17th, Dino Robusto sold 6,250 shares of CNA Financial stock. The stock was sold at an average price of $48.86, for a total transaction of $305,375.00.

CNA Financial Stock Performance

Shares of CNA Financial stock traded down $0.93 during trading on Wednesday, reaching $47.09. The company's stock had a trading volume of 215,881 shares, compared to its average volume of 321,399. The company has a 50-day moving average price of $48.08 and a two-hundred day moving average price of $48.55. The firm has a market cap of $12.74 billion, a PE ratio of 13.38, a P/E/G ratio of 9.23 and a beta of 0.53. CNA Financial Co. has a fifty-two week low of $42.85 and a fifty-two week high of $52.36. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.28.

CNA Financial (NYSE:CNA - Get Free Report) last issued its earnings results on Monday, May 5th. The insurance provider reported $1.03 EPS for the quarter, missing the consensus estimate of $1.16 by ($0.13). CNA Financial had a return on equity of 12.90% and a net margin of 6.72%. The company had revenue of $3.63 billion for the quarter, compared to analysts' expectations of $3.68 billion. During the same quarter in the previous year, the firm posted $1.30 earnings per share. On average, analysts forecast that CNA Financial Co. will post 4.64 EPS for the current year.

CNA Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 5th. Shareholders of record on Monday, May 19th will be given a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 3.91%. The ex-dividend date of this dividend is Monday, May 19th. CNA Financial's dividend payout ratio (DPR) is 56.10%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on CNA shares. Keefe, Bruyette & Woods dropped their price objective on shares of CNA Financial from $54.00 to $53.00 and set a "market perform" rating on the stock in a report on Wednesday, February 12th. Wall Street Zen cut shares of CNA Financial from a "buy" rating to a "hold" rating in a research report on Tuesday, February 11th.

Hedge Funds Weigh In On CNA Financial

Several large investors have recently added to or reduced their stakes in CNA. GAMMA Investing LLC increased its holdings 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 valued at $115,000 after purchasing an additional 211 shares during the period. Hexagon Capital Partners LLC boosted its position in 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 acquiring an additional 225 shares during the period. Applied Finance Capital Management LLC lifted its holdings in shares of CNA Financial by 3.4% during the 1st quarter. Applied Finance Capital Management LLC now owns 6,829 shares of the insurance provider's stock valued at $347,000 after buying an additional 227 shares during the last quarter. Savant Capital LLC raised its stake in shares of CNA Financial by 2.6% in the 4th quarter. Savant Capital LLC now owns 9,139 shares of the insurance provider's stock valued at $442,000 after acquiring an additional 230 shares in the last quarter. Finally, US Bancorp DE raised its stake in shares of CNA Financial by 7.4% in the 4th quarter. US Bancorp DE now owns 3,703 shares of the insurance provider's stock valued at $179,000 after acquiring an additional 254 shares in the last quarter. 98.45% of the stock is currently owned by institutional investors.

About CNA Financial

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.