Insider Selling: Cna Financial Corp (CNA) EVP Sells 7,132 Shares of Stock

Cna Financial Corp (NYSE:CNA) EVP Andrew J. Pinkes sold 7,132 shares of the company’s stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $45.79, for a total value of $326,574.28. Following the transaction, the executive vice president now directly owns 62,137 shares in the company, valued at $2,845,253.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Shares of CNA opened at $46.00 on Friday. The firm has a market cap of $12.31 billion, a PE ratio of 14.84, a P/E/G ratio of 2.21 and a beta of 0.89. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.24 and a current ratio of 0.24. Cna Financial Corp has a 1-year low of $41.49 and a 1-year high of $49.76.

Cna Financial (NYSE:CNA) last announced its quarterly earnings data on Monday, April 29th. The insurance provider reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.13. The firm had revenue of $2.38 billion for the quarter, compared to analyst estimates of $2.35 billion. Cna Financial had a net margin of 8.39% and a return on equity of 7.74%. During the same period in the previous year, the company earned $1.07 earnings per share. Sell-side analysts anticipate that Cna Financial Corp will post 4.1 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 30th. Stockholders of record on Monday, May 13th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date of this dividend is Friday, May 10th. Cna Financial’s dividend payout ratio (DPR) is presently 45.16%.

Institutional investors and hedge funds have recently made changes to their positions in the company. LSV Asset Management increased its stake in Cna Financial by 19.9% in the first quarter. LSV Asset Management now owns 1,877,079 shares of the insurance provider’s stock valued at $81,371,000 after purchasing an additional 311,300 shares during the period. BlackRock Inc. increased its position in Cna Financial by 0.7% during the fourth quarter. BlackRock Inc. now owns 1,144,453 shares of the insurance provider’s stock worth $50,527,000 after purchasing an additional 7,950 shares during the last quarter. First Trust Advisors LP grew its stake in Cna Financial by 20.6% during the first quarter. First Trust Advisors LP now owns 856,594 shares of the insurance provider’s stock worth $37,133,000 after buying an additional 146,529 shares during the period. Renaissance Technologies LLC grew its stake in Cna Financial by 2.3% during the first quarter. Renaissance Technologies LLC now owns 831,500 shares of the insurance provider’s stock worth $36,046,000 after buying an additional 18,800 shares during the period. Finally, River Road Asset Management LLC grew its stake in Cna Financial by 17.8% during the first quarter. River Road Asset Management LLC now owns 749,838 shares of the insurance provider’s stock worth $32,505,000 after buying an additional 113,106 shares during the period. 99.60% of the stock is currently owned by hedge funds and other institutional investors.

Separately, Zacks Investment Research downgraded Cna Financial from a “hold” rating to a “sell” rating in a research report on Friday, January 18th.

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Cna Financial Company Profile

CNA Financial Corporation provides commercial property and casualty insurance products primarily in the United States. It 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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