Insider Buying: CNA Financial Co. (NYSE:CNA) Chairman Acquires $185,566.48 in Stock

CNA Financial Co. (NYSE:CNA) Chairman Dino Robusto acquired 3,896 shares of the stock in a transaction dated Thursday, March 13th. The shares were bought at an average cost of $47.63 per share, with a total value of $185,566.48. Following the transaction, the chairman now directly owns 724,338 shares of the company’s stock, valued at $34,500,218.94. This represents a 0.54 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Monday, March 17th, Dino Robusto sold 6,250 shares of CNA Financial stock. The stock was sold at an average price of $48.86, for a total transaction of $305,375.00.

CNA Financial Stock Performance

Shares of CNA stock opened at $48.80 on Friday. The stock has a market cap of $13.22 billion, a P/E ratio of 13.86, a P/E/G ratio of 9.23 and a beta of 0.68. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.28 and a quick ratio of 0.28. The company has a fifty day moving average price of $48.76 and a two-hundred day moving average price of $48.92. CNA Financial Co. has a one year low of $42.33 and a one year high of $52.36.

CNA Financial (NYSE:CNA) last announced its quarterly earnings results on Monday, February 10th. The insurance provider reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.14. CNA Financial had a net margin of 6.72% and a return on equity of 12.90%. As a group, equities analysts predict that CNA Financial Co. will post 4.64 EPS for the current year.

CNA Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Shareholders of record on Monday, February 24th were paid a $0.46 dividend. The ex-dividend date was Monday, February 24th. This represents a $1.84 dividend on an annualized basis and a yield of 3.77%. This is a boost from CNA Financial’s previous quarterly dividend of $0.44. CNA Financial’s dividend payout ratio (DPR) is currently 52.27%.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Keefe, Bruyette & Woods reduced their target price on shares of CNA Financial from $54.00 to $53.00 and set a “market perform” rating for the company in a report on Wednesday, February 12th. StockNews.com cut shares of CNA Financial from a “buy” rating to a “hold” rating in a report on Tuesday, February 11th.

Institutional Trading of CNA Financial

Large investors have recently added to or reduced their stakes in the company. True Wealth Design LLC acquired a new stake in CNA Financial in the third quarter valued at $36,000. EverSource Wealth Advisors LLC lifted its stake in shares of CNA Financial by 663.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 771 shares of the insurance provider’s stock worth $37,000 after buying an additional 670 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of CNA Financial by 29.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,265 shares of the insurance provider’s stock worth $61,000 after buying an additional 286 shares during the last quarter. Quent Capital LLC lifted its stake in shares of CNA Financial by 28.3% during the 4th quarter. Quent Capital LLC now owns 1,475 shares of the insurance provider’s stock worth $71,000 after buying an additional 325 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of CNA Financial during the 4th quarter worth about $74,000. Institutional investors and hedge funds own 98.45% of the company’s stock.

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.