CNA Financial Corporation (NYSE:CNA - Get Free Report) CAO Daniel Paul Franzetti sold 22,656 shares of the firm's stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $53.09, for a total value of $1,202,807.04. Following the completion of the sale, the chief accounting officer owned 68,032 shares in the company, valued at approximately $3,611,818.88. This represents a 24.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
CNA Financial Trading Down 1.2%
NYSE:CNA opened at $52.93 on Wednesday. The stock has a 50-day simple moving average of $48.49 and a 200-day simple moving average of $47.43. The stock has a market cap of $14.32 billion, a P/E ratio of 11.84, a P/E/G ratio of 7.33 and a beta of 0.28. CNA Financial Corporation has a 1 year low of $41.53 and a 1 year high of $55.71. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.26 and a current ratio of 0.27.
CNA Financial (NYSE:CNA - Get Free Report) last released its quarterly earnings data on Monday, August 3rd. The insurance provider reported $1.19 EPS for the quarter, beating analysts' consensus estimates of $1.08 by $0.11. CNA Financial had a return on equity of 11.34% and a net margin of 8.16%.The business had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $2.97 billion. During the same quarter in the prior year, the business posted $1.23 EPS. As a group, analysts anticipate that CNA Financial Corporation will post 4.09 earnings per share for the current fiscal year.
CNA Financial Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Monday, August 17th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 3.6%. The ex-dividend date is Monday, August 17th. CNA Financial's dividend payout ratio is currently 42.95%.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on CNA shares. Weiss Ratings upgraded shares of CNA Financial from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday, July 17th. Zacks Research raised shares of CNA Financial from a "strong sell" rating to a "hold" rating in a research report on Thursday, July 16th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy".
Get Our Latest Stock Report on CNA Financial
Trending Headlines about CNA Financial
Here are the key news stories impacting CNA Financial this week:
- Positive Sentiment: Second-quarter earnings exceeded expectations. CNA reported core EPS of $1.19, above the $1.08 consensus estimate, while revenue of $3.83 billion substantially exceeded estimates of $2.97 billion. Net income rose to $321 million from $299 million a year earlier. CNA second-quarter earnings release
- Positive Sentiment: Investment income and premium growth supported results. Net investment income increased to $701 million, and Property & Casualty net written premiums grew 4%, helping offset pressure in the underwriting business. The company also maintained its quarterly dividend at $0.48 per share, payable September 3 to shareholders of record August 17. Zacks CNA Q2 earnings analysis
- Neutral Sentiment: Analyst commentary remains cautious. Coverage characterized CNA as returning to profitability and offering improving value, but maintained a “hold” view, suggesting the earnings beat has not yet changed the broader investment outlook. CNA Financial Q2 review
- Negative Sentiment: Underwriting performance weakened. Property & Casualty core income declined to $426 million from $448 million, while the combined ratio worsened to 96.5% from 94.1%. Lower underlying underwriting results offset part of the benefit from higher investment income.
- Negative Sentiment: An executive sold a sizable stake. Chief Accounting Officer Daniel Paul Franzetti sold 22,656 shares for approximately $1.2 million, reducing his direct ownership by nearly 25%. Although the transaction may be routine, insider selling can add short-term pressure to investor sentiment. CNA insider transaction
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC lifted its stake in CNA Financial by 14.6% in the fourth quarter. AQR Capital Management LLC now owns 2,784,682 shares of the insurance provider's stock valued at $132,941,000 after buying an additional 354,076 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of CNA Financial by 34.6% in the 1st quarter. First Trust Advisors LP now owns 2,101,092 shares of the insurance provider's stock valued at $96,482,000 after acquiring an additional 540,448 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of CNA Financial by 0.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 890,953 shares of the insurance provider's stock valued at $42,534,000 after acquiring an additional 2,348 shares during the period. UBS Group AG raised its position in CNA Financial by 25.9% in the 4th quarter. UBS Group AG now owns 867,787 shares of the insurance provider's stock valued at $41,428,000 after purchasing an additional 178,314 shares during the last quarter. Finally, CORDA Investment Management LLC. boosted its stake in CNA Financial by 1.4% during the 1st quarter. CORDA Investment Management LLC. now owns 730,219 shares of the insurance provider's stock worth $33,532,000 after purchasing an additional 10,054 shares during the period. Institutional investors and hedge funds own 98.45% of the company's stock.
About CNA Financial
(
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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