Daniel Paul Franzetti Sells 9,486 Shares of CNA Financial Co. (NYSE:CNA) Stock

Posted by on May 25th, 2022

CNA Financial Co. (NYSE:CNA – Get Rating) EVP Daniel Paul Franzetti sold 9,486 shares of the stock in a transaction on Tuesday, May 24th. The stock was sold at an average price of $44.79, for a total value of $424,877.94. Following the completion of the sale, the executive vice president now directly owns 41,830 shares in the company, valued at $1,873,565.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of CNA Financial stock traded up $0.41 during trading on Wednesday, hitting $45.27. 1,392 shares of the company’s stock traded hands, compared to its average volume of 165,495. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.25 and a quick ratio of 0.25. CNA Financial Co. has a 1 year low of $41.44 and a 1 year high of $50.33. The stock has a market capitalization of $12.28 billion, a P/E ratio of 10.15, a PEG ratio of 2.17 and a beta of 0.75. The business has a 50-day simple moving average of $47.20 and a 200-day simple moving average of $45.92.

CNA Financial (NYSE:CNA – Get Rating) last posted its earnings results on Monday, May 2nd. The insurance provider reported $1.16 earnings per share for the quarter, missing analysts’ consensus estimates of $1.17 by ($0.01). CNA Financial had a net margin of 10.09% and a return on equity of 9.47%. The firm had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.61 billion. During the same period in the prior year, the company posted $0.96 EPS. On average, equities analysts predict that CNA Financial Co. will post 4.05 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 2nd. Shareholders of record on Monday, May 16th will be issued a $0.40 dividend. This is an increase from CNA Financial’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Friday, May 13th. This represents a $1.60 dividend on an annualized basis and a yield of 3.53%. CNA Financial’s dividend payout ratio is currently 36.20%.

A number of hedge funds have recently bought and sold shares of the business. CIBC Asset Management Inc lifted its holdings in CNA Financial by 2.1% in the fourth quarter. CIBC Asset Management Inc now owns 11,167 shares of the insurance provider’s stock valued at $492,000 after acquiring an additional 231 shares during the period. Citigroup Inc. raised its stake in shares of CNA Financial by 2.4% in the fourth quarter. Citigroup Inc. now owns 11,686 shares of the insurance provider’s stock worth $515,000 after buying an additional 272 shares during the period. Signaturefd LLC raised its stake in shares of CNA Financial by 103.5% in the first quarter. Signaturefd LLC now owns 578 shares of the insurance provider’s stock worth $28,000 after buying an additional 294 shares during the period. Alliancebernstein L.P. raised its stake in shares of CNA Financial by 1.4% in the third quarter. Alliancebernstein L.P. now owns 25,653 shares of the insurance provider’s stock worth $1,076,000 after buying an additional 346 shares during the period. Finally, Advisor Group Holdings Inc. raised its stake in shares of CNA Financial by 93.5% in the third quarter. Advisor Group Holdings Inc. now owns 778 shares of the insurance provider’s stock worth $33,000 after buying an additional 376 shares during the period. 99.04% of the stock is currently owned by institutional investors.

CNA has been the topic of a number of recent research reports. William Blair reissued a “market perform” rating on shares of CNA Financial in a research note on Monday, February 7th. StockNews.com started coverage on CNA Financial in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Zacks Investment Research raised CNA Financial from a “sell” rating to a “hold” rating and set a $51.00 price objective on the stock in a research report on Monday, April 11th.

About CNA Financial (Get Rating)

CNA Financial Corporation provides commercial property and casualty insurance products primarily in the United States. 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 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 standard property and casualty coverages for healthcare industry; surety and fidelity bonds; and warranty and alternative risks products.

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