Daniel Paul Franzetti Sells 23,301 Shares of CNA Financial Co. (NYSE:CNA) Stock

CNA Financial Co. (NYSE:CNA) CAO Daniel Paul Franzetti sold 23,301 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $44.78, for a total value of $1,043,418.78. Following the transaction, the chief accounting officer now directly owns 63,996 shares in the company, valued at approximately $2,865,740.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

CNA Financial Trading Up 0.1 %

Shares of CNA Financial stock opened at $44.81 on Friday. CNA Financial Co. has a 1 year low of $36.41 and a 1 year high of $47.37. The company has a market capitalization of $12.14 billion, a price-to-earnings ratio of 10.12, a P/E/G ratio of 1.76 and a beta of 0.63. The business has a fifty day simple moving average of $44.07 and a two-hundred day simple moving average of $43.01. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.26 and a quick ratio of 0.26.

CNA Financial (NYSE:CNA) last posted its earnings results on Monday, May 6th. The insurance provider reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.07). The company had revenue of $3.44 billion for the quarter, compared to analyst estimates of $2.94 billion. CNA Financial had a return on equity of 14.33% and a net margin of 9.06%. During the same quarter in the prior year, the business posted $1.19 EPS. Research analysts forecast that CNA Financial Co. will post 5.03 EPS for the current year.

CNA Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Monday, May 20th will be paid a dividend of $0.44 per share. The ex-dividend date of this dividend is Friday, May 17th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.93%. This is a positive change from CNA Financial’s previous quarterly dividend of $0.42. CNA Financial’s dividend payout ratio (DPR) is 39.73%.

Institutional Trading of CNA Financial

Several hedge funds have recently added to or reduced their stakes in CNA. CENTRAL TRUST Co acquired a new stake in shares of CNA Financial during the fourth quarter worth $25,000. Blue Trust Inc. acquired a new stake in CNA Financial in the 4th quarter worth about $27,000. GAMMA Investing LLC bought a new stake in CNA Financial in the 4th quarter valued at about $39,000. Allspring Global Investments Holdings LLC acquired a new position in shares of CNA Financial during the 4th quarter worth approximately $48,000. Finally, Covestor Ltd grew its position in shares of CNA Financial by 36.2% during the 3rd quarter. Covestor Ltd now owns 1,903 shares of the insurance provider’s stock worth $75,000 after purchasing an additional 506 shares in the last quarter. 98.45% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently weighed in on CNA. Bank of America downgraded shares of CNA Financial from a “neutral” rating to an “underperform” rating and boosted their target price for the stock from $39.00 to $43.00 in a report on Tuesday, February 6th. Keefe, Bruyette & Woods boosted their price objective on shares of CNA Financial from $48.00 to $50.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 10th. Finally, StockNews.com downgraded shares of CNA Financial from a “buy” rating to a “hold” rating in a research note on Wednesday.

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.