Insider Selling: CNA Financial Corporation (CNA) CFO Sells 23,450 Shares of Stock
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%.
TRADEMARK VIOLATION NOTICE: This story was published by American Banking News and is the sole property of of American Banking News. If you are viewing this story on another domain, it was illegally copied and reposted in violation of United States and international copyright and trademark laws. The original version of this story can be accessed at https://www.americanbankingnews.com/2017/08/15/insider-selling-cna-financial-corporation-cna-cfo-sells-23450-shares-of-stock.html.
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.
Receive News & Ratings for CNA Financial Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CNA Financial Corporation and related companies with MarketBeat.com's FREE daily email newsletter.