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

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

CNA Financial Stock Performance

NYSE CNA opened at $49.03 on Wednesday. The company has a market cap of $13.28 billion, a P/E ratio of 13.93, a PEG ratio of 9.23 and a beta of 0.68. The company has a fifty day simple moving average of $48.63 and a 200 day simple moving average of $48.94. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.28. CNA Financial Co. has a 12-month low of $42.33 and a 12-month high of $52.36.

CNA Financial (NYSE:CNA) last issued its quarterly earnings data on Monday, February 10th. The insurance provider reported $1.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.11 by $0.14. CNA Financial had a net margin of 6.72% and a return on equity of 12.90%. Sell-side analysts predict that CNA Financial Co. will post 4.64 earnings per share for the current fiscal year.

CNA Financial Increases Dividend

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

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. True Wealth Design LLC purchased a new stake in CNA Financial in the 3rd quarter valued at $36,000. EverSource Wealth Advisors LLC raised its holdings in shares of CNA Financial by 663.4% in the fourth 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 lifted 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 valued at $61,000 after purchasing an additional 286 shares in the last quarter. Quent Capital LLC boosted its holdings 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 purchasing an additional 325 shares during the last quarter. Finally, Quantbot Technologies LP bought a new stake in CNA Financial in the 4th quarter worth about $74,000. Institutional investors own 98.45% of the company’s stock.

CNA Financial Company Profile

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.