CNA Financial Co. (NYSE:CNA) Chairman Buys $185,566.48 in Stock

CNA Financial Co. (NYSE:CNA) Chairman Dino Robusto purchased 3,896 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The stock was bought at an average cost of $47.63 per share, for a total transaction of $185,566.48. Following the completion of the acquisition, the chairman now directly owns 724,338 shares of the company’s stock, valued at $34,500,218.94. This represents a 0.54 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

• 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

CNA Financial stock traded up $0.15 on Wednesday, hitting $49.22. The company’s stock had a trading volume of 303,081 shares, compared to its average volume of 284,706. CNA Financial Co. has a one year low of $42.33 and a one year high of $52.36. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.28. The company has a fifty day moving average price of $48.63 and a 200-day moving average price of $48.94. The firm has a market cap of $13.33 billion, a P/E ratio of 13.98, a price-to-earnings-growth ratio of 9.23 and a beta of 0.68.

CNA Financial (NYSE:CNA) last issued its quarterly earnings results on Monday, February 10th. The insurance provider reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.11 by $0.14. CNA Financial had a net margin of 6.72% and a return on equity of 12.90%. On average, equities analysts anticipate that CNA Financial Co. will post 4.64 earnings per share for the current year.

CNA Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Monday, February 24th were paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 3.74%. This is a boost from CNA Financial’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend was Monday, February 24th. CNA Financial’s dividend payout ratio is presently 52.27%.

Hedge Funds Weigh In On CNA Financial

A number of large investors have recently bought and sold shares of CNA. Quest Partners LLC boosted its holdings in shares of CNA Financial by 69.3% in the 3rd quarter. Quest Partners LLC now owns 26,737 shares of the insurance provider’s stock valued at $1,309,000 after buying an additional 10,940 shares during the last quarter. Raymond James Trust N.A. increased its position in CNA Financial by 4.1% during the 3rd quarter. Raymond James Trust N.A. now owns 6,526 shares of the insurance provider’s stock worth $319,000 after buying an additional 260 shares during the period. Cerity Partners LLC increased its position in CNA Financial by 65.8% during the 3rd quarter. Cerity Partners LLC now owns 10,665 shares of the insurance provider’s stock worth $522,000 after buying an additional 4,231 shares during the period. Dynamic Technology Lab Private Ltd bought a new position in shares of CNA Financial in the third quarter worth $1,668,000. Finally, BNP Paribas Financial Markets increased its position in shares of CNA Financial by 6,505.2% in the third quarter. BNP Paribas Financial Markets now owns 30,780 shares of the insurance provider’s stock worth $1,506,000 after purchasing an additional 30,314 shares during the period. Institutional investors and hedge funds own 98.45% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. StockNews.com lowered shares of CNA Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, February 11th. Keefe, Bruyette & Woods decreased their target price on shares of CNA Financial from $54.00 to $53.00 and set a “market perform” rating for the company in a report on Wednesday, February 12th.

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.