CNA Financial Co. (NYSE:CNA) Chairman Dino Robusto Sells 6,250 Shares

CNA Financial Co. (NYSE:CNA - Get Free Report) Chairman Dino Robusto sold 6,250 shares of the business's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $51.06, for a total transaction of $319,125.00. Following the sale, the chairman now directly owns 718,088 shares of the company's stock, valued at approximately $36,665,573.28. This trade represents a 0.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Thursday, March 13th, Dino Robusto acquired 3,896 shares of CNA Financial stock. The stock was bought at an average price of $47.63 per share, with a total value of $185,566.48.
• 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 value of $305,375.00.

CNA Financial Stock Down 3.9 %

CNA stock traded down $1.81 during mid-day trading on Monday, hitting $45.11. 673,170 shares of the company were exchanged, compared to its average volume of 312,855. The firm has a market cap of $12.19 billion, a P/E ratio of 12.82, a P/E/G ratio of 9.23 and a beta of 0.47. CNA Financial Co. has a 1-year low of $42.33 and a 1-year high of $52.36. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.28 and a current ratio of 0.28. The firm's 50 day simple moving average is $49.15 and its 200 day simple moving average is $48.85.

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CNA Financial (NYSE:CNA - Get Free Report) last posted its quarterly earnings data on Monday, February 10th. The insurance provider reported $1.25 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, sell-side analysts predict that CNA Financial Co. will post 4.64 EPS for the current fiscal year.

CNA Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Monday, February 24th were given a dividend of $0.46 per share. The ex-dividend date was Monday, February 24th. This represents a $1.84 dividend on an annualized basis and a yield of 4.08%. This is an increase from CNA Financial's previous quarterly dividend of $0.44. CNA Financial's dividend payout ratio is 52.27%.

Institutional Trading of CNA Financial

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC increased its stake in CNA Financial by 5,501.5% in the 1st quarter. GAMMA Investing LLC now owns 114,887 shares of the insurance provider's stock valued at $5,835,000 after buying an additional 112,836 shares during the last quarter. Wellington Management Group LLP raised its holdings in CNA Financial by 1.5% during the fourth quarter. Wellington Management Group LLP now owns 41,670 shares of the insurance provider's stock worth $2,016,000 after acquiring an additional 619 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in CNA Financial by 102.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 20,269 shares of the insurance provider's stock valued at $980,000 after purchasing an additional 10,269 shares during the last quarter. Jefferies Financial Group Inc. bought a new position in CNA Financial in the fourth quarter valued at approximately $387,000. Finally, Patrick Mauro Investment Advisor INC. increased its position in shares of CNA Financial by 0.7% during the 4th quarter. Patrick Mauro Investment Advisor INC. now owns 129,991 shares of the insurance provider's stock worth $6,288,000 after purchasing an additional 950 shares during the last quarter. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CNA. Keefe, Bruyette & Woods decreased 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 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.

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.