Insider Buying: CNA Financial Co. (NYSE:CNA) Chairman Acquires 3,896 Shares of Stock

CNA Financial Co. (NYSE:CNA - Get Free Report) Chairman Dino Robusto bought 3,896 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average cost of $47.63 per share, with a total value of $185,566.48. Following the completion of the purchase, the chairman now owns 724,338 shares in the company, valued at $34,500,218.94. This represents a 0.54 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Dino Robusto also recently made the following trade(s):

• On Monday, March 17th, Dino Robusto sold 6,250 shares of CNA Financial stock. The stock was sold at an average price of $48.86, for a total transaction of $305,375.00.

CNA Financial Stock Performance

CNA traded down $0.40 during trading on Friday, hitting $48.80. The stock had a trading volume of 1,739,155 shares, compared to its average volume of 289,511. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.28 and a quick ratio of 0.28. The firm has a market cap of $13.22 billion, a price-to-earnings ratio of 13.86, a P/E/G ratio of 9.23 and a beta of 0.68. The company has a 50 day moving average price of $48.76 and a 200-day moving average price of $48.90. CNA Financial Co. has a one year low of $42.33 and a one year high of $52.36.

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CNA Financial (NYSE:CNA - Get Free Report) last issued its quarterly earnings data on Monday, February 10th. The insurance provider reported $1.25 earnings per share for the quarter, topping 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%. As a group, research analysts predict 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. Investors of record on Monday, February 24th were paid a $0.46 dividend. This is a boost from CNA Financial's previous quarterly dividend of $0.44. This represents a $1.84 annualized dividend and a dividend yield of 3.77%. The ex-dividend date of this dividend was Monday, February 24th. CNA Financial's payout ratio is 52.27%.

Hedge Funds Weigh In On CNA Financial

A number of hedge funds have recently added to or reduced their stakes in the stock. AQR Capital Management LLC boosted its holdings 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 valued at $93,806,000 after purchasing an additional 567,926 shares in the last quarter. First Trust Advisors LP boosted its stake in CNA Financial by 20.1% in the fourth quarter. First Trust Advisors LP now owns 1,486,853 shares of the insurance provider's stock valued at $71,919,000 after buying an additional 249,346 shares in the last quarter. Bank of New York Mellon Corp boosted its position in CNA Financial by 66.0% in the fourth quarter. Bank of New York Mellon Corp now owns 1,177,110 shares of the insurance provider's stock valued at $56,937,000 after buying an additional 468,058 shares in the last quarter. CORDA Investment Management LLC. increased its stake in shares of CNA Financial by 1.8% in the fourth quarter. CORDA Investment Management LLC. now owns 661,532 shares of the insurance provider's stock valued at $31,998,000 after buying an additional 11,597 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its holdings in CNA Financial by 36.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 363,389 shares of the insurance provider's stock worth $17,577,000 after acquiring an additional 97,180 shares during the last quarter. Institutional investors own 98.45% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on CNA shares. Keefe, Bruyette & Woods dropped their price objective on CNA Financial from $54.00 to $53.00 and set a "market perform" rating on the stock in a research note on Wednesday, February 12th. StockNews.com downgraded shares of CNA Financial from a "buy" rating to a "hold" rating in a 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.