CNA Financial Co. (NYSE:CNA) EVP Douglas Worman Sells 22,973 Shares

CNA Financial Co. (NYSE:CNA) EVP Douglas Worman sold 22,973 shares of the firm’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $48.75, for a total transaction of $1,119,933.75. Following the transaction, the executive vice president now directly owns 133,777 shares of the company’s stock, valued at $6,521,628.75. The trade was a 14.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

CNA Financial Stock Performance

CNA stock opened at $48.37 on Friday. The firm has a market cap of $13.10 billion, a PE ratio of 10.08, a price-to-earnings-growth ratio of 6.22 and a beta of 0.65. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.28. The stock has a 50-day moving average price of $49.09 and a 200-day moving average price of $47.52. CNA Financial Co. has a 1-year low of $39.19 and a 1-year high of $52.36.

CNA Financial (NYSE:CNA) last issued its earnings results on Monday, November 4th. The insurance provider reported $1.08 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.01. The business had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.15 billion. CNA Financial had a return on equity of 13.30% and a net margin of 9.26%. During the same period in the previous year, the company posted $1.06 earnings per share. As a group, equities research analysts expect that CNA Financial Co. will post 4.65 earnings per share for the current year.

CNA Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Monday, November 18th will be paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 3.64%. The ex-dividend date is Monday, November 18th. CNA Financial’s dividend payout ratio is presently 36.67%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CNA. StockNews.com raised CNA Financial from a “hold” rating to a “buy” rating in a research report on Wednesday. Bank of America upped their target price on CNA Financial from $45.00 to $48.00 and gave the company an “underperform” rating in a report on Thursday, October 10th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of CNA Financial from $54.00 to $55.00 and gave the stock a “market perform” rating in a research report on Friday, November 8th.

Institutional Investors Weigh In On CNA Financial

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. True Wealth Design LLC bought a new position in shares of CNA Financial during the 3rd quarter worth about $36,000. Fairscale Capital LLC acquired a new position in CNA Financial during the 2nd quarter worth approximately $55,000. GAMMA Investing LLC boosted its holdings in CNA Financial by 36.9% in the second quarter. GAMMA Investing LLC now owns 1,566 shares of the insurance provider’s stock worth $72,000 after acquiring an additional 422 shares in the last quarter. Abich Financial Wealth Management LLC grew its stake in CNA Financial by 39.1% in the first quarter. Abich Financial Wealth Management LLC now owns 1,756 shares of the insurance provider’s stock valued at $80,000 after acquiring an additional 494 shares during the period. Finally, Covestor Ltd grew its stake in CNA Financial by 82.0% in the first quarter. Covestor Ltd now owns 1,971 shares of the insurance provider’s stock valued at $90,000 after acquiring an additional 888 shares during the period. 98.45% of the stock is owned by institutional investors.

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.