Dino Robusto Sells 6,250 Shares of CNA Financial (NYSE:CNA) Stock

Key Points

• Dino Robusto, the Chairman of CNA Financial, sold 6,250 shares at an average price of $49.00, reducing his ownership stake by 0.90% and retaining 686,838 shares valued at approximately $33.66 million.
• CNA Financial reported a quarterly EPS of $1.23, significantly beating analysts' expectations of $0.94, with revenues of $3.37 billion, surpassing the consensus estimate of $2.76 billion.
• The company declared a quarterly dividend of $0.46, resulting in an annualized dividend of $1.84 with a yield of 3.8%, and has a payout ratio of 57.32%.

CNA Financial Corporation (NYSE:CNA - Get Free Report) Chairman Dino Robusto sold 6,250 shares of the business's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $49.00, for a total value of $306,250.00. Following the transaction, the chairman owned 686,838 shares in the company, valued at $33,655,062. This represents a 0.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

CNA Financial Stock Performance

CNA traded down $0.26 on Wednesday, hitting $48.72. 100,316 shares of the stock traded hands, compared to its average volume of 420,953. CNA Financial Corporation has a 52 week low of $43.29 and a 52 week high of $52.24. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $13.19 billion, a PE ratio of 15.17, a P/E/G ratio of 4.43 and a beta of 0.54. The business has a fifty day moving average price of $46.22 and a two-hundred day moving average price of $47.37.

CNA Financial (NYSE:CNA - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The insurance provider reported $1.23 earnings per share for the quarter, beating analysts' consensus estimates of $0.94 by $0.29. The company had revenue of $3.37 billion for the quarter, compared to the consensus estimate of $2.76 billion. CNA Financial had a return on equity of 11.85% and a net margin of 5.99%.During the same period in the previous year, the business earned $1.19 earnings per share. On average, research analysts predict that CNA Financial Corporation will post 4.64 EPS for the current fiscal year.

CNA Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Stockholders of record on Monday, August 18th will be issued a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Monday, August 18th. CNA Financial's payout ratio is presently 57.32%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Hexagon Capital Partners LLC boosted its holdings 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 worth $32,000 after acquiring an additional 225 shares in the last quarter. Allworth Financial LP raised its position in CNA Financial by 102.3% in the 2nd quarter. Allworth Financial LP now owns 785 shares of the insurance provider's stock worth $37,000 after purchasing an additional 397 shares during the last quarter. IFP Advisors Inc raised its position in CNA Financial by 240.3% in the 2nd quarter. IFP Advisors Inc now owns 878 shares of the insurance provider's stock worth $41,000 after purchasing an additional 620 shares during the last quarter. State of Wyoming bought a new position in CNA Financial in the 2nd quarter worth approximately $53,000. Finally, Quantbot Technologies LP bought a new stake in shares of CNA Financial during the 2nd quarter valued at $55,000. 98.45% of the stock is owned by institutional investors and hedge funds.

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.

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