Mark Steven James Sells 18,547 Shares of CNA Financial Co. (NYSE:CNA) Stock

CNA Financial Co. (NYSE:CNA) EVP Mark Steven James sold 18,547 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $50.58, for a total value of $938,107.26. Following the completion of the sale, the executive vice president now directly owns 22,917 shares of the company’s stock, valued at approximately $1,159,141.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

CNA Financial Price Performance

Shares of CNA stock opened at $50.07 on Thursday. The firm’s 50-day moving average is $49.38 and its two-hundred day moving average is $46.15. CNA Financial Co. has a 12 month low of $37.95 and a 12 month high of $52.36. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.27 and a quick ratio of 0.27. The company has a market capitalization of $13.58 billion, a PE ratio of 10.93, a price-to-earnings-growth ratio of 3.37 and a beta of 0.65.

CNA Financial (NYSE:CNA) last released its quarterly earnings results on Monday, July 29th. The insurance provider reported $1.19 EPS for the quarter, meeting the consensus estimate of $1.19. The firm had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.08 billion. CNA Financial had a net margin of 9.27% and a return on equity of 14.02%. During the same quarter in the previous year, the company earned $1.13 EPS. Analysts predict that CNA Financial Co. will post 4.86 earnings per share for the current year.

CNA Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 29th. Investors of record on Monday, August 12th were given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date was Monday, August 12th. CNA Financial’s payout ratio is 38.43%.

Institutional Trading of CNA Financial

Institutional investors and hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC increased its position in shares of CNA Financial by 28.5% during the first quarter. GAMMA Investing LLC now owns 1,144 shares of the insurance provider’s stock valued at $52,000 after acquiring an additional 254 shares during the last quarter. Abich Financial Wealth Management LLC raised its position in CNA Financial by 17.3% in the second quarter. Abich Financial Wealth Management LLC now owns 2,059 shares of the insurance provider’s stock valued at $95,000 after purchasing an additional 303 shares during the period. Signaturefd LLC boosted its position in shares of CNA Financial by 10.4% during the second quarter. Signaturefd LLC now owns 3,897 shares of the insurance provider’s stock worth $180,000 after buying an additional 366 shares during the period. AE Wealth Management LLC grew its stake in shares of CNA Financial by 1.1% in the second quarter. AE Wealth Management LLC now owns 39,256 shares of the insurance provider’s stock valued at $1,809,000 after buying an additional 431 shares in the last quarter. Finally, Wakefield Asset Management LLLP raised its holdings in shares of CNA Financial by 4.5% in the 2nd quarter. Wakefield Asset Management LLLP now owns 10,205 shares of the insurance provider’s stock valued at $470,000 after buying an additional 440 shares during the period. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Keefe, Bruyette & Woods upped their target price on CNA Financial from $48.00 to $53.00 and gave the company a “market perform” rating in a report on Thursday, August 1st.

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.