CNA Financial Co. (NYSE:CNA) CAO Daniel Paul Franzetti Sells 12,991 Shares of Stock

CNA Financial Co. (NYSE:CNA) CAO Daniel Paul Franzetti sold 12,991 shares of the business’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $49.06, for a total value of $637,338.46. Following the transaction, the chief accounting officer now directly owns 75,612 shares of the company’s stock, valued at approximately $3,709,524.72. The trade was a 14.66 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link.

CNA Financial Stock Down 0.6 %

Shares of NYSE CNA opened at $49.03 on Wednesday. The company has a 50 day simple moving average of $48.63 and a 200 day simple moving average of $48.94. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.28 and a quick ratio of 0.28. CNA Financial Co. has a 1 year low of $42.33 and a 1 year high of $52.36. The firm has a market cap of $13.28 billion, a PE ratio of 13.93, a price-to-earnings-growth ratio of 9.23 and a beta of 0.68.

CNA Financial (NYSE:CNA) last released its quarterly earnings results on Monday, February 10th. The insurance provider reported $1.25 earnings per share (EPS) for the quarter, beating 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, research analysts forecast that CNA Financial Co. will post 4.64 EPS for the current year.

CNA Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Monday, February 24th were given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date of this dividend was Monday, February 24th. This is a positive change from CNA Financial’s previous quarterly dividend of $0.44. CNA Financial’s payout ratio is 52.27%.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On CNA Financial

A number of hedge funds have recently made changes to their positions in the stock. True Wealth Design LLC acquired a new stake in CNA Financial during the 3rd quarter valued at approximately $36,000. EverSource Wealth Advisors LLC boosted its stake in shares of CNA Financial by 663.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 771 shares of the insurance provider’s stock valued at $37,000 after purchasing an additional 670 shares during the last quarter. Smartleaf Asset Management LLC increased its position in shares of CNA Financial by 29.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,265 shares of the insurance provider’s stock worth $61,000 after buying an additional 286 shares during the period. Quent Capital LLC raised its stake in CNA Financial by 28.3% during the fourth quarter. Quent Capital LLC now owns 1,475 shares of the insurance provider’s stock worth $71,000 after buying an additional 325 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in CNA Financial in the fourth quarter valued at $74,000. 98.45% of the stock is currently owned by institutional investors.

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.