CNA Financial (NYSE:CNA) CEO Douglas Worman Sells 40,000 Shares of Company Stock

CNA Financial Corporation (NYSE:CNA) CEO Douglas Worman sold 40,000 shares of the business’s stock in a transaction dated Tuesday, November 10th. The stock was sold at an average price of $48.07, for a total value of $1,922,800.00. Following the sale, the chief executive officer owned 199,749 shares of the company’s stock, valued at $9,601,934.43. The trade was a 16.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

CNA Financial Stock Up 0.2%

CNA opened at $48.33 on Friday. CNA Financial Corporation has a 1 year low of $41.53 and a 1 year high of $55.71. The firm has a 50 day moving average price of $47.48 and a 200 day moving average price of $47.78. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.26 and a current ratio of 0.26. The company has a market cap of $13.08 billion, a PE ratio of 12.75, a price-to-earnings-growth ratio of 8.34 and a beta of 0.22.

CNA Financial (NYSE:CNA) last announced its quarterly earnings results on Monday, November 2nd. The insurance provider reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.21 by ($0.46). CNA Financial had a net margin of 6.80% and a return on equity of 9.74%. The business had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.02 billion. During the same period last year, the firm earned $1.50 earnings per share. Sell-side analysts expect that CNA Financial Corporation will post 3.94 earnings per share for the current year.

CNA Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 3rd. Stockholders of record on Monday, November 16th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Monday, November 16th. CNA Financial’s dividend payout ratio (DPR) is currently 50.66%.

Hedge Funds Weigh In On CNA Financial

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. purchased a new stake in shares of CNA Financial during the second quarter valued at approximately $80,193,000. First Trust Advisors LP boosted its stake in shares of CNA Financial by 34.6% in the first quarter. First Trust Advisors LP now owns 2,101,092 shares of the insurance provider’s stock valued at $96,482,000 after purchasing an additional 540,448 shares during the period. Quantinno Capital Management LP boosted its stake in shares of CNA Financial by 48.9% in the first quarter. Quantinno Capital Management LP now owns 685,247 shares of the insurance provider’s stock valued at $31,467,000 after purchasing an additional 225,030 shares during the period. Edgestream Partners L.P. acquired a new stake in CNA Financial during the 3rd quarter valued at $9,005,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in CNA Financial during the 2nd quarter valued at $9,267,000. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Analysts Set New Price Targets

CNA has been the topic of several recent research reports. Zacks Research upgraded shares of CNA Financial from a “strong sell” rating to a “hold” rating in a report on Thursday, July 16th. Weiss Ratings downgraded CNA Financial from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, November 2nd. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

About CNA Financial

CNA Financial Corporation is a commercial property and casualty insurance company headquartered in Chicago. It provides coverage and related risk-management services to businesses and organizations, with offerings that include property, casualty, workers’ compensation, professional liability and surety insurance. The company serves customers across the United States and in select international markets. Its products are distributed through independent agents and brokers, and its specialty insurance operations address the needs of businesses in a range of industries.