Insider Selling: CNA Financial Co. (NYSE:CNA) Chairman Sells 6,250 Shares of Stock

CNA Financial Co. (NYSE:CNA - Get Free Report) Chairman Dino Robusto sold 6,250 shares of the firm's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $47.63, for a total value of $297,687.50. Following the transaction, the chairman now directly owns 705,588 shares of the company's stock, valued at $33,607,156.44. This represents a 0.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

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 shares were sold at an average price of $51.06, for a total transaction of $319,125.00.
• On Thursday, March 13th, Dino Robusto acquired 3,896 shares of CNA Financial stock. The stock was purchased 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 shares were sold at an average price of $48.86, for a total value of $305,375.00.

CNA Financial Stock Performance

CNA stock traded up $0.18 on Friday, hitting $47.15. The company had a trading volume of 240,313 shares, compared to its average volume of 321,452. 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 Co. has a 12-month low of $42.85 and a 12-month high of $52.36. The stock has a market cap of $12.76 billion, a price-to-earnings ratio of 13.40, a P/E/G ratio of 9.23 and a beta of 0.53. The stock's 50-day simple moving average is $47.86 and its 200 day simple moving average is $48.51.

CNA Financial (NYSE:CNA - Get Free Report) last released its quarterly earnings results 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). CNA Financial had a return on equity of 12.90% and a net margin of 6.72%. The firm had revenue of $3.63 billion during the quarter, compared to analysts' expectations of $3.68 billion. During the same quarter last year, the business earned $1.30 earnings per share. As a group, equities research analysts expect that CNA Financial Co. will post 4.64 earnings per share for the current fiscal year.

CNA Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 5th. Shareholders of record on Monday, May 19th were given a $0.46 dividend. The ex-dividend date was Monday, May 19th. This represents a $1.84 annualized dividend and a yield of 3.90%. CNA Financial's payout ratio is 56.10%.

Analyst Ratings Changes

CNA has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods lowered their price target on 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 lowered CNA Financial from a "buy" rating to a "hold" rating in a research report on Tuesday, February 11th.

Institutional Investors Weigh In On CNA Financial

A number of large investors have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its holdings in shares of CNA Financial by 210.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 862,690 shares of the insurance provider's stock worth $43,816,000 after buying an additional 585,076 shares during the last quarter. AQR Capital Management LLC raised its position in CNA Financial by 41.4% in the fourth quarter. AQR Capital Management LLC now owns 1,939,336 shares of the insurance provider's stock worth $93,806,000 after acquiring an additional 567,926 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of CNA Financial by 66.0% during the 4th quarter. Bank of New York Mellon Corp now owns 1,177,110 shares of the insurance provider's stock worth $56,937,000 after acquiring an additional 468,058 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in shares of CNA Financial during the 1st quarter valued at $16,258,000. Finally, Norges Bank bought a new stake in shares of CNA Financial during the 4th quarter valued at $14,859,000. 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.