CNA Financial Corp executive chairman sells $297,562 in stock

Published 01/05/2025, 19:46
CNA Financial Corp executive chairman sells $297,562 in stock

CNA Financial Corp (NYSE:CNA), a $12.88 billion insurance company trading at a P/E ratio of 13.5, saw its Executive Chairman Dino Robusto recently sell 6,250 shares of the company’s common stock. The transaction, which took place on May 1, 2025, was executed at a price of $47.61 per share, totaling approximately $297,562.

Following this sale, Robusto holds 711,838.061 shares of CNA Financial Corp. This transaction was conducted under a pre-arranged trading plan, established on November 15, 2024, as part of a strategy to comply with Rule 10b5-1(c) under the Securities Exchange Act of 1934. The company currently offers a substantial 7.97% dividend yield, and according to InvestingPro analysis, the stock is trading near its Fair Value, with additional insights available in the comprehensive Pro Research Report.

In other recent news, CNA Financial Corporation’s fourth-quarter results have prompted Keefe, Bruyette & Woods analyst Meyer Shields to adjust the company’s stock target. Shields revised the price target to $53.00 from the previous $54.00, while maintaining a Market Perform rating on the shares. This adjustment follows insights from the company’s earnings call, where factors such as increased expense ratios and decreased net investment income were highlighted. Additionally, lower earnings from the Life & Group and Corporate segments contributed to the revised outlook. However, these factors were partially offset by an expected reduction in catastrophe losses. Shields also revised the earnings per share estimates for 2025 and 2026 to $5.30 and $5.75, respectively, down from the previous estimates of $5.55 and $6.00. The analyst noted that CNA Financial’s current market valuation, trading at 8.5 times the projected 2026 EPS, is in line with its near-term earnings growth potential. This valuation is compared to the median of its peers, which stands at 10.0 times earnings. Shields emphasized that the stock price reflects ongoing challenges in the company’s long-term care business.

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