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

CNA Financial Co. (NYSE:CNA - Get Free Report) CAO Daniel Paul Franzetti sold 12,991 shares of the stock in a transaction that occurred 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 completion of the sale, the chief accounting officer now directly owns 75,612 shares in the company, valued at approximately $3,709,524.72. This represents a 14.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

CNA Financial Stock Down 0.8 %

Shares of NYSE CNA traded down $0.40 during mid-day trading on Friday, reaching $48.80. The company had a trading volume of 1,739,155 shares, compared to its average volume of 289,034. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.28. The firm has a 50 day simple moving average of $48.76 and a two-hundred day simple moving average of $48.92. The stock has a market cap of $13.22 billion, a P/E ratio of 13.86, a PEG ratio of 9.23 and a beta of 0.68. CNA Financial Co. has a 52-week low of $42.33 and a 52-week high of $52.36.

CNA Financial (NYSE:CNA - Get Free Report) last issued its quarterly earnings results on Monday, February 10th. The insurance provider reported $1.25 earnings per share for the quarter, topping 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 year.

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CNA Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Investors of record on Monday, February 24th were paid a dividend of $0.46 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.84 dividend on an annualized basis and a yield of 3.77%. This is a boost from CNA Financial's previous quarterly dividend of $0.44. CNA Financial's dividend payout ratio is currently 52.27%.

Institutional Trading of CNA Financial

Large investors have recently bought and sold shares of the business. AQR Capital Management LLC lifted its stake in shares of CNA Financial by 41.4% in the 4th quarter. AQR Capital Management LLC now owns 1,939,336 shares of the insurance provider's stock worth $93,806,000 after acquiring an additional 567,926 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of CNA Financial by 66.0% in the 4th quarter. Bank of New York Mellon Corp now owns 1,177,110 shares of the insurance provider's stock worth $56,937,000 after acquiring an additional 468,058 shares during the period. Norges Bank acquired a new stake in shares of CNA Financial in the 4th quarter worth $14,859,000. Raymond James Financial Inc. acquired a new stake in shares of CNA Financial in the 4th quarter worth $13,129,000. Finally, First Trust Advisors LP lifted its stake in shares of CNA Financial by 20.1% in the 4th quarter. First Trust Advisors LP now owns 1,486,853 shares of the insurance provider's stock worth $71,919,000 after acquiring an additional 249,346 shares during the period. Institutional investors and hedge funds own 98.45% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on CNA shares. 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 research report on Wednesday, February 12th. StockNews.com downgraded shares of CNA Financial from a "buy" rating to a "hold" rating in a research report on Tuesday, February 11th.

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.