Key Points
- Jeffrey John Neuenschwander, CNA's senior vice president, sold 3,287 shares on March 19 at an average price of $45.97 for about $151,103, cutting his ownership by 31.12% to 7,277 shares, per an SEC filing.
- CNA Financial posted quarterly EPS of $1.16 (below the $1.20 consensus) with $3.83B in revenue, recently paid a $2.00 annual dividend (ex-dividend Feb 23), has a $12.25B market cap and mixed analyst ratings averaging "Moderate Buy".
CNA Financial Corporation (NYSE:CNA - Get Free Report) SVP Jeffrey John Neuenschwander sold 3,287 shares of CNA Financial stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $45.97, for a total transaction of $151,103.39. Following the sale, the senior vice president owned 7,277 shares of the company's stock, valued at approximately $334,523.69. The trade was a 31.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
CNA Financial Price Performance
Shares of NYSE:CNA opened at $45.25 on Friday. The company's fifty day moving average price is $47.68 and its 200-day moving average price is $46.83. The firm has a market capitalization of $12.25 billion, a price-to-earnings ratio of 9.65, a PEG ratio of 6.54 and a beta of 0.34. CNA Financial Corporation has a one year low of $43.29 and a one year high of $51.34. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.28 and a quick ratio of 0.28.
CNA Financial (NYSE:CNA - Get Free Report) last posted its quarterly earnings data on Monday, February 9th. The insurance provider reported $1.16 earnings per share for the quarter, missing the consensus estimate of $1.20 by ($0.04). CNA Financial had a net margin of 8.53% and a return on equity of 12.23%. The company had revenue of $3.83 billion for the quarter, compared to analysts' expectations of $2.88 billion. During the same quarter last year, the business posted $1.25 EPS. On average, equities research analysts anticipate that CNA Financial Corporation will post 4.64 earnings per share for the current fiscal year.
CNA Financial Dividend Announcement
The company also recently declared an annual dividend, which was paid on Thursday, March 12th. Shareholders of record on Monday, February 23rd were given a dividend of $2.00 per share. The ex-dividend date was Monday, February 23rd. This represents a yield of 409.0%. CNA Financial's dividend payout ratio (DPR) is presently 40.94%.
Institutional Investors Weigh In On CNA Financial
Institutional investors have recently added to or reduced their stakes in the company. Amundi grew its holdings in CNA Financial by 5.3% in the 1st quarter. Amundi now owns 7,787 shares of the insurance provider's stock worth $395,000 after acquiring an additional 389 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of CNA Financial by 0.7% during the first quarter. Goldman Sachs Group Inc. now owns 351,997 shares of the insurance provider's stock valued at $17,878,000 after acquiring an additional 2,466 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of CNA Financial by 12.9% during the first quarter. Empowered Funds LLC now owns 5,966 shares of the insurance provider's stock worth $303,000 after purchasing an additional 684 shares during the period. Focus Partners Wealth purchased a new stake in shares of CNA Financial during the first quarter worth about $281,000. Finally, Allworth Financial LP grew its stake in shares of CNA Financial by 102.3% in the second quarter. Allworth Financial LP now owns 785 shares of the insurance provider's stock worth $37,000 after purchasing an additional 397 shares during the last quarter. Hedge funds and other institutional investors own 98.45% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on CNA shares. Zacks Research cut CNA Financial from a "strong-buy" rating to a "hold" rating in a report on Thursday, January 1st. Wall Street Zen downgraded CNA Financial from a "buy" rating to a "hold" rating in a research report on Sunday, February 15th. Finally, Weiss Ratings raised CNA Financial from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, February 5th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy".
View Our Latest Stock Report on CNA Financial
CNA Financial Company Profile
(
Get Free Report)
CNA Financial Corporation is a leading U.S.-based commercial property and casualty insurance company offering a broad portfolio of risk management and insurance solutions. The company underwrites coverage for businesses of all sizes across a variety of industry sectors, including manufacturing, healthcare, energy, technology, construction and real estate. In addition to core property and casualty insurance, CNA delivers specialized products such as surety bonds, professional liability, environmental liability and commercial auto coverage.
Headquartered in Chicago, Illinois, CNA traces its origins to the founding of Continental Casualty Company in 1897.
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