CNA Financial’s executive chairman Robusto sells $319,125 in shares

Published 02/04/2025, 17:34
CNA Financial’s executive chairman Robusto sells $319,125 in shares

Robusto Dino, the Executive Chairman of CNA Financial Corp (NYSE:CNA), has recently sold a portion of his holdings in the company. According to a filing with the Securities and Exchange Commission, Dino sold 6,250 shares of common stock on April 1, 2025, at a price of $51.06 per share, close to the stock’s 52-week high of $52.36. The total value of this transaction amounted to $319,125. The company, currently valued at $13.6 billion, maintains a "GREAT" financial health score according to InvestingPro analysis.

Following the sale, Dino retains ownership of 718,088.061 shares in the company. The transaction was executed under a pre-established trading plan adopted on November 15, 2024, which is designed to comply with Rule 10b5-1(c) under the Securities Exchange Act of 1934. Notably, CNA has maintained dividend payments for 15 consecutive years, currently offering a substantial 7.55% dividend yield. InvestingPro subscribers can access additional insights and detailed analysis through the comprehensive Pro Research Report, available for over 1,400 US stocks.

In other recent news, CNA Financial Corporation has been the subject of a revised analysis by Keefe, Bruyette & Woods. Analyst Meyer Shields adjusted the company’s stock price target to $53.00, down from $54.00, while maintaining a Market Perform rating. This change comes after CNA Financial’s fourth-quarter results for 2024 and a subsequent conference call that highlighted various financial challenges. Shields noted expectations of increased expense ratios and decreased net investment income, along with lower earnings from the Life & Group and Corporate segments. However, a potential reduction in catastrophe losses may offset some of these concerns. The earnings per share estimates for 2025 and 2026 have also been recalibrated to $5.30 and $5.75, respectively, down from previous estimates. The analyst’s outlook reflects a cautious stance on the company’s financial performance. Shields also mentioned that CNA Financial’s current market valuation aligns with its near-term earnings growth potential, especially when compared to its peers.

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