Cna Financial Corp (NYSE:CNA) saw a significant drop in short interest in the month of June. As of June 15th, there was short interest totalling 560,100 shares, a drop of 6.3% from the May 15th total of 597,700 shares. Based on an average daily trading volume, of 198,800 shares, the days-to-cover ratio is presently 2.8 days. Approximately 0.2% of the company’s stock are short sold.
In other Cna Financial news, CEO Dino Robusto sold 1,094 shares of Cna Financial stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $45.65, for a total value of $49,941.10. Following the transaction, the chief executive officer now directly owns 302,384 shares of the company’s stock, valued at $13,803,829.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Andrew J. Pinkes sold 7,132 shares of Cna Financial stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $45.79, for a total transaction of $326,574.28. Following the completion of the transaction, the executive vice president now directly owns 62,137 shares in the company, valued at $2,845,253.23. The disclosure for this sale can be found here. Company insiders own 0.23% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in CNA. Pearl River Capital LLC acquired a new position in shares of Cna Financial in the first quarter worth about $156,000. Hilltop Holdings Inc. raised its position in shares of 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 during the period. Raymond James Trust N.A. acquired a new position in shares of Cna Financial in the first quarter worth about $276,000. Janney Montgomery Scott LLC raised its position in shares of Cna Financial by 3.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 7,194 shares of the insurance provider’s stock worth $318,000 after acquiring an additional 261 shares during the period. Finally, Parametrica Management Ltd acquired a new position in shares of Cna Financial in the first quarter worth about $325,000. 99.11% of the stock is currently owned by hedge funds and other institutional investors.
Separately, Zacks Investment Research lowered shares of EXACT Sciences from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd.
NYSE CNA traded up $0.36 on Friday, hitting $48.49. The stock had a trading volume of 163,048 shares, compared to its average volume of 172,386. The company has a market capitalization of $13.17 billion, a PE ratio of 15.64, a price-to-earnings-growth ratio of 2.37 and a beta of 0.85. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.24 and a current ratio of 0.24. Cna Financial has a 52-week low of $41.49 and a 52-week high of $48.99. The business has a fifty day moving average of $46.81.
Cna Financial (NYSE:CNA) last announced its quarterly earnings data on Monday, April 29th. The insurance provider reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.13. The firm had revenue of $2.38 billion for the quarter, compared to analyst estimates of $2.35 billion. Cna Financial had a net margin of 8.39% and a return on equity of 7.74%. During the same period in the previous year, the company earned $1.07 earnings per share. On average, analysts predict that Cna Financial will post 4.1 EPS for the current fiscal year.
About Cna Financial
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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