Cna Financial (NYSE:CNA) Stock Price Up 0.4%

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Shares of Cna Financial Corp (NYSE:CNA) rose 0.4% on Friday . The stock traded as high as $47.48 and last traded at $47.48. Approximately 1,271 shares were traded during trading, a decline of 99% from the average daily volume of 187,024 shares. The stock had previously closed at $47.28.

Separately, Zacks Investment Research upgraded shares of Cna Financial from a “sell” rating to a “hold” rating in a research note on Wednesday, April 17th.

The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.24 and a current ratio of 0.24. The company has a market cap of $12.84 billion, a price-to-earnings ratio of 15.38, a price-to-earnings-growth ratio of 2.31 and a beta of 0.86.

Cna Financial (NYSE:CNA) last released its earnings results on Monday, April 29th. The insurance provider reported $1.17 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.13. Cna Financial had a net margin of 8.39% and a return on equity of 7.74%. The firm had revenue of $2.38 billion during the quarter, compared to analyst estimates of $2.35 billion. During the same quarter in the previous year, the firm earned $1.07 earnings per share. As a group, sell-side analysts expect that Cna Financial Corp will post 4.1 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 30th. Shareholders of record on Monday, May 13th were paid a dividend of $0.35 per share. The ex-dividend date was Friday, May 10th. This represents a $1.40 annualized dividend and a yield of 2.94%. Cna Financial’s payout ratio is 45.16%.

In other Cna Financial news, CEO Dino Robusto sold 1,094 shares of the business’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $45.65, for a total transaction of $49,941.10. Following the completion of the sale, the chief executive officer now owns 302,384 shares in the company, valued at $13,803,829.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Andrew J. Pinkes sold 7,132 shares of the business’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $45.79, for a total transaction of $326,574.28. Following the sale, the executive vice president now owns 62,137 shares of the company’s stock, valued at approximately $2,845,253.23. The disclosure for this sale can be found here. 0.23% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the company. LSV Asset Management grew its position in shares of Cna Financial by 19.9% during the first quarter. LSV Asset Management now owns 1,877,079 shares of the insurance provider’s stock worth $81,371,000 after acquiring an additional 311,300 shares during the last quarter. BlackRock Inc. grew its position in shares of Cna Financial by 0.7% during the fourth quarter. BlackRock Inc. now owns 1,144,453 shares of the insurance provider’s stock worth $50,527,000 after acquiring an additional 7,950 shares during the last quarter. First Trust Advisors LP grew its position in shares of Cna Financial by 20.6% during the first quarter. First Trust Advisors LP now owns 856,594 shares of the insurance provider’s stock worth $37,133,000 after acquiring an additional 146,529 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of Cna Financial by 2.3% during the first quarter. Renaissance Technologies LLC now owns 831,500 shares of the insurance provider’s stock worth $36,046,000 after acquiring an additional 18,800 shares during the last quarter. Finally, River Road Asset Management LLC grew its position in shares of Cna Financial by 17.8% during the first quarter. River Road Asset Management LLC now owns 749,838 shares of the insurance provider’s stock worth $32,505,000 after acquiring an additional 113,106 shares during the last quarter. Institutional investors and hedge funds own 99.11% of the company’s stock.

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About Cna Financial (NYSE:CNA)

CNA Financial Corporation provides commercial property and casualty insurance products primarily in the United States. It 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 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 standard property and casualty coverages for healthcare industry; surety and fidelity bonds; and warranty and alternative risks products.

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