Cna Financial Corp (NYSE:CNA) CEO Dino Robusto sold 1,094 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $45.65, for a total transaction of $49,941.10. Following the sale, the chief executive officer now owns 302,384 shares in the company, valued at approximately $13,803,829.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of CNA opened at $44.99 on Wednesday. Cna Financial Corp has a 52 week low of $41.49 and a 52 week high of $49.76. The company has a market cap of $12.19 billion, a P/E ratio of 14.51, a P/E/G ratio of 2.19 and a beta of 0.89. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.23.
Cna Financial (NYSE:CNA) last announced its quarterly earnings data on Monday, April 29th. The insurance provider reported $1.17 EPS for the quarter, beating the Zacks’ consensus estimate of $1.04 by $0.13. Cna Financial had a net margin of 8.39% and a return on equity of 7.74%. The firm had revenue of $2.38 billion for the quarter, compared to the consensus estimate of $2.35 billion. During the same period in the previous year, the firm posted $1.07 earnings per share. On average, equities research analysts predict that Cna Financial Corp will post 4.1 EPS for the current year.
Separately, Zacks Investment Research raised shares of Cna Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, April 17th.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Meeder Asset Management Inc. bought a new stake in Cna Financial in the fourth quarter worth approximately $26,000. First Mercantile Trust Co. grew its position in Cna Financial by 41.0% in the fourth quarter. First Mercantile Trust Co. now owns 1,960 shares of the insurance provider’s stock worth $87,000 after acquiring an additional 570 shares in the last quarter. Assetmark Inc. grew its position in Cna Financial by 55.3% in the first quarter. Assetmark Inc. now owns 2,764 shares of the insurance provider’s stock worth $120,000 after acquiring an additional 984 shares in the last quarter. Pearl River Capital LLC bought a new stake in Cna Financial in the first quarter worth approximately $156,000. Finally, Hilltop Holdings Inc. grew its position in Cna Financial by 25.2% in the fourth quarter. Hilltop Holdings Inc. now owns 5,562 shares of the insurance provider’s stock worth $246,000 after acquiring an additional 1,120 shares in the last quarter. 99.60% of the stock is currently owned by hedge funds and other institutional investors.
Cna Financial Company Profile
CNA Financial Corporation provides commercial property and casualty insurance products primarily in the United States. It 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 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 standard property and casualty coverages for healthcare industry; surety and fidelity bonds; and warranty and alternative risks products.
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