CNA Financial (NYSE:CNA) Chairman Dino Robusto Sells 6,250 Shares of Stock

Key Points

  • Chairman Dino Robusto sold 6,250 shares on Dec. 1 at an average price of $46.92 for $293,250, leaving him with 668,088 shares (~$31.35M); this sale is the fourth consecutive monthly sale of 6,250 shares.
  • CNA declared a quarterly dividend of $0.46 (annualized $1.84) with an ex-dividend date of Nov. 17 and a payment on Dec. 4, implying a ~4.0% yield and a payout ratio of ~50.4%.
  • Recent quarter topped expectations: CNA reported $1.50 EPS vs. $1.25 consensus and $3.82B revenue vs. $2.84B estimate, with a return on equity of 11.85%.

CNA Financial Corporation (NYSE:CNA - Get Free Report) Chairman Dino Robusto sold 6,250 shares of the stock in a transaction on Monday, December 1st. The stock was sold at an average price of $46.92, for a total transaction of $293,250.00. Following the sale, the chairman owned 668,088 shares of the company's stock, valued at approximately $31,346,688.96. This trade represents a 0.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Dino Robusto also recently made the following trade(s):

  • On Monday, November 3rd, Dino Robusto sold 6,250 shares of CNA Financial stock. The shares were sold at an average price of $45.28, for a total transaction of $283,000.00.
  • On Wednesday, October 1st, Dino Robusto sold 6,250 shares of CNA Financial stock. The shares were sold at an average price of $46.25, for a total transaction of $289,062.50.
  • On Tuesday, September 2nd, Dino Robusto sold 6,250 shares of CNA Financial stock. The stock was sold at an average price of $49.00, for a total value of $306,250.00.

CNA Financial Stock Down 1.3%

Shares of NYSE:CNA opened at $46.15 on Tuesday. CNA Financial Corporation has a 1 year low of $43.29 and a 1 year high of $51.42. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.27 and a quick ratio of 0.27. The business's 50-day moving average is $45.84 and its 200-day moving average is $46.29. The company has a market capitalization of $12.49 billion, a price-to-earnings ratio of 14.38, a P/E/G ratio of 3.86 and a beta of 0.50.




CNA Financial (NYSE:CNA - Get Free Report) last issued its earnings results on Monday, November 3rd. The insurance provider reported $1.50 earnings per share for the quarter, topping analysts' consensus estimates of $1.25 by $0.25. CNA Financial had a return on equity of 11.85% and a net margin of 5.99%.The business had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $2.84 billion. During the same period in the previous year, the company posted $1.08 earnings per share. Equities research analysts predict that CNA Financial Corporation will post 4.64 earnings per share for the current year.

CNA Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Monday, November 17th will be paid a $0.46 dividend. The ex-dividend date is Monday, November 17th. This represents a $1.84 annualized dividend and a dividend yield of 4.0%. CNA Financial's payout ratio is currently 50.41%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Wall Street Zen raised shares of CNA Financial from a "hold" rating to a "buy" rating in a research note on Saturday, November 8th. Zacks Research raised shares of CNA Financial from a "hold" rating to a "strong-buy" rating in a research report on Friday, October 17th. Finally, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of CNA Financial in a research report on Tuesday, November 25th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $53.00.

Get Our Latest Stock Analysis on CNA

Institutional Investors Weigh In On CNA Financial

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vestcor Inc lifted its position in CNA Financial by 9.0% in the 1st quarter. Vestcor Inc now owns 11,866 shares of the insurance provider's stock valued at $603,000 after acquiring an additional 977 shares in the last quarter. US Bancorp DE increased its holdings in CNA Financial by 12.4% during the 1st quarter. US Bancorp DE now owns 4,164 shares of the insurance provider's stock worth $211,000 after purchasing an additional 461 shares in the last quarter. Commerce Bank raised its stake in shares of CNA Financial by 15.9% in the first quarter. Commerce Bank now owns 14,901 shares of the insurance provider's stock worth $757,000 after purchasing an additional 2,045 shares during the last quarter. ABC Arbitrage SA bought a new position in shares of CNA Financial in the first quarter valued at approximately $313,000. Finally, Vanguard Group Inc. lifted its holdings in shares of CNA Financial by 2.0% in the first quarter. Vanguard Group Inc. now owns 556,695 shares of the insurance provider's stock valued at $28,275,000 after purchasing an additional 11,019 shares in the last quarter. 98.45% of the stock is owned by institutional investors.

CNA Financial Company Profile

(Get Free Report)

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.

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