Insider Selling: CNA Financial (NYSE:CNA) EVP Sells $439,709.95 in Stock

CNA Financial Corporation (NYSE:CNA) EVP Mark Steven James sold 8,273 shares of the business’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $53.15, for a total value of $439,709.95. Following the sale, the executive vice president owned 26,446 shares in the company, valued at $1,405,604.90. The trade was a 23.83% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

CNA Financial Stock Performance

CNA opened at $52.04 on Friday. The company has a market cap of $14.08 billion, a P/E ratio of 11.44, a price-to-earnings-growth ratio of 7.11 and a beta of 0.28. The company has a quick ratio of 0.26, a current ratio of 0.27 and a debt-to-equity ratio of 0.27. The firm’s 50-day moving average price is $49.08 and its 200-day moving average price is $47.55. CNA Financial Corporation has a 52-week low of $41.53 and a 52-week high of $55.71.

CNA Financial (NYSE:CNA) last released its earnings results on Monday, August 3rd. The insurance provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.11. The company had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $2.97 billion. CNA Financial had a net margin of 8.16% and a return on equity of 11.34%. During the same period last year, the business earned $1.23 EPS. As a group, equities analysts anticipate that CNA Financial Corporation will post 4.14 EPS for the current fiscal year.

CNA Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 3rd. Stockholders of record on Monday, August 17th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Monday, August 17th. CNA Financial’s payout ratio is presently 42.20%.

Analysts Set New Price Targets

CNA has been the topic of several research reports. Weiss Ratings raised CNA Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, July 17th. Zacks Research raised CNA Financial from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 16th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Hedge Funds Weigh In On CNA Financial

Institutional investors have recently bought and sold shares of the business. Lloyd Advisory Services LLC. purchased a new stake in shares of CNA Financial in the 4th quarter valued at $25,000. State of Wyoming purchased a new position in shares of CNA Financial during the second quarter worth $53,000. Quantbot Technologies LP acquired a new position in CNA Financial during the second quarter valued at $55,000. CIBC Private Wealth Group LLC lifted its position in CNA Financial by 142.7% during the third quarter. CIBC Private Wealth Group LLC now owns 1,223 shares of the insurance provider’s stock valued at $57,000 after purchasing an additional 719 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in CNA Financial by 28.5% in the second quarter. EverSource Wealth Advisors LLC now owns 1,435 shares of the insurance provider’s stock valued at $67,000 after purchasing an additional 318 shares during the last quarter. 98.45% of the stock is owned by hedge funds and other institutional investors.

CNA Financial Company Profile

CNA Financial Corporation is a leading U.S.-based commercial property and casualty insurance company offering a broad portfolio of risk management and insurance solutions. The company underwrites coverage for businesses of all sizes across a variety of industry sectors, including manufacturing, healthcare, energy, technology, construction and real estate. In addition to core property and casualty insurance, CNA delivers specialized products such as surety bonds, professional liability, environmental liability and commercial auto coverage.

Headquartered in Chicago, Illinois, CNA traces its origins to the founding of Continental Casualty Company in 1897.