CNA Financial Corporation (NYSE:CNA) CFO D Craig Mense sold 23,450 shares of the firm’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $52.66, for a total transaction of $1,234,877.00. Following the completion of the transaction, the chief financial officer now directly owns 130,548 shares of the company’s stock, valued at $6,874,657.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

CNA Financial Corporation (CNA) traded down 0.51% on Tuesday, reaching $52.45. 138,069 shares of the company’s stock traded hands. CNA Financial Corporation has a 52 week low of $32.03 and a 52 week high of $53.67. The stock has a market capitalization of $14.21 billion, a price-to-earnings ratio of 12.76 and a beta of 1.23. The firm has a 50-day moving average price of $50.22 and a 200-day moving average price of $45.92.

CNA Financial Corporation (NYSE:CNA) last issued its earnings results on Monday, July 31st. The insurance provider reported $0.88 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.13. The company had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.35 billion. CNA Financial Corporation had a return on equity of 8.40% and a net margin of 11.72%. During the same period in the prior year, the business earned $0.77 EPS. On average, analysts predict that CNA Financial Corporation will post $3.41 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Shareholders of record on Monday, August 14th will be issued a $0.30 dividend. This is a boost from CNA Financial Corporation’s previous quarterly dividend of $0.25. This represents a $1.20 annualized dividend and a yield of 2.28%. The ex-dividend date of this dividend is Thursday, August 10th. CNA Financial Corporation’s dividend payout ratio is presently 29.20%.

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A number of research analysts recently weighed in on CNA shares. Zacks Investment Research raised shares of CNA Financial Corporation from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a report on Tuesday, April 18th. BidaskClub lowered shares of CNA Financial Corporation from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 13th. Finally, Deutsche Bank AG lowered shares of CNA Financial Corporation from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $45.00 to $46.00 in a research note on Tuesday, May 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. CNA Financial Corporation currently has an average rating of “Hold” and a consensus target price of $47.00.

A number of hedge funds have recently modified their holdings of CNA. Susquehanna International Group LLP boosted its stake in shares of CNA Financial Corporation by 86.2% in the second quarter. Susquehanna International Group LLP now owns 39,185 shares of the insurance provider’s stock valued at $1,910,000 after buying an additional 18,141 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of CNA Financial Corporation by 7.4% in the second quarter. The Manufacturers Life Insurance Company now owns 8,230 shares of the insurance provider’s stock valued at $401,000 after buying an additional 565 shares during the last quarter. BlueCrest Capital Management Ltd bought a new stake in shares of CNA Financial Corporation during the second quarter valued at about $730,000. State Street Corp boosted its stake in shares of CNA Financial Corporation by 6.7% in the second quarter. State Street Corp now owns 346,400 shares of the insurance provider’s stock valued at $16,889,000 after buying an additional 21,744 shares during the last quarter. Finally, Gotham Asset Management LLC bought a new stake in shares of CNA Financial Corporation during the second quarter valued at about $221,000. Institutional investors own 99.78% of the company’s stock.

CNA Financial Corporation Company Profile

CNA Financial Corporation is an insurance holding company. The Company’s segments include Specialty, Commercial, International, Life & Group Non-Core, and Corporate & Other Non-Core. Its Specialty segment provides a range of professional, financial, and specialty property, and casualty products and services.

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