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

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 completion of the transaction, the chairman directly owned 686,838 shares of the company's stock, valued at approximately $33,655,062. This trade represents a 0.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

CNA Financial Stock Performance

Shares of CNA stock traded down $0.25 on Monday, hitting $47.76. The company had a trading volume of 323,997 shares, compared to its average volume of 421,991. The firm has a market cap of $12.93 billion, a P/E ratio of 14.88, a price-to-earnings-growth ratio of 4.29 and a beta of 0.54. The company has a 50-day moving average price of $46.38 and a 200-day moving average price of $47.35. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.23. CNA Financial Corporation has a twelve month low of $43.29 and a twelve month high of $51.91.

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

CNA Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Monday, August 18th were issued a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend was Monday, August 18th. CNA Financial's payout ratio is 57.32%.

Hedge Funds Weigh In On CNA Financial

Several institutional investors and hedge funds have recently modified their holdings of the business. Squarepoint Ops LLC increased its stake in shares of CNA Financial by 115.0% in the 2nd quarter. Squarepoint Ops LLC now owns 30,777 shares of the insurance provider's stock valued at $1,432,000 after purchasing an additional 16,464 shares in the last quarter. State of Wyoming acquired a new stake in shares of CNA Financial in the second quarter worth approximately $53,000. Evergreen Capital Management LLC increased its position in shares of CNA Financial by 10.4% during the second quarter. Evergreen Capital Management LLC now owns 5,141 shares of the insurance provider's stock worth $239,000 after purchasing an additional 485 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its position in shares of CNA Financial by 21.0% during the second quarter. CANADA LIFE ASSURANCE Co now owns 17,176 shares of the insurance provider's stock worth $798,000 after purchasing an additional 2,977 shares in the last quarter. Finally, Corient Private Wealth LLC acquired a new position in CNA Financial in the 2nd quarter valued at $213,000. Hedge funds and other institutional investors own 98.45% of the company's stock.

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.