CNA Financial (NYSE:CNA) Issues Earnings Results

CNA Financial (NYSE:CNA) released its quarterly earnings results on Monday. The insurance provider reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.01, Briefing.com reports. The business had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.15 billion. CNA Financial had a return on equity of 14.02% and a net margin of 9.27%. During the same quarter in the previous year, the business earned $1.06 EPS.

CNA Financial Price Performance

NYSE:CNA traded up $0.32 during midday trading on Tuesday, hitting $47.13. The company had a trading volume of 118,053 shares, compared to its average volume of 276,220. CNA Financial has a 52-week low of $38.32 and a 52-week high of $52.36. The stock’s fifty day moving average price is $49.60 and its 200-day moving average price is $47.32. The company has a market capitalization of $12.76 billion, a PE ratio of 9.95, a P/E/G ratio of 3.46 and a beta of 0.65. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.30.

CNA Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders of record on Monday, November 18th will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.73%. CNA Financial’s dividend payout ratio (DPR) is currently 37.37%.

Analyst Ratings Changes

Several equities analysts have commented on CNA shares. Bank of America lifted their target price on shares of CNA Financial from $45.00 to $48.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th. Keefe, Bruyette & Woods lifted their price objective on shares of CNA Financial from $48.00 to $53.00 and gave the company a “market perform” rating in a research note on Thursday, August 1st.

Insiders Place Their Bets

In other news, EVP Mark Steven James sold 18,547 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $50.58, for a total transaction of $938,107.26. Following the completion of the transaction, the executive vice president now directly owns 22,917 shares of the company’s stock, valued at approximately $1,159,141.86. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other CNA Financial news, EVP Elizabeth Ann Aguinaga sold 26,160 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $49.60, for a total value of $1,297,536.00. Following the transaction, the executive vice president now directly owns 47,744 shares in the company, valued at approximately $2,368,102.40. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mark Steven James sold 18,547 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $50.58, for a total transaction of $938,107.26. Following the completion of the transaction, the executive vice president now owns 22,917 shares in the company, valued at $1,159,141.86. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.31% of the stock is currently owned by insiders.

CNA Financial Company Profile

CNA Financial Corporation provides commercial property and casualty insurance products in the United States and internationally. It operates through Specialty, Commercial, International, Life & Group, and Corporate & Other segments. The company 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 and cyber 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 casualty coverages for healthcare industry; surety and fidelity bonds; and warranty and alternative risks products.