CNA Financial (NYSE:CNA) Announces Earnings Results

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

CNA Financial Stock Performance

CNA traded down $0.16 on Thursday, hitting $48.98. 26,797 shares of the company traded hands, compared to its average volume of 276,431. CNA Financial has a 12-month low of $38.32 and a 12-month high of $52.36. The company has a 50 day moving average of $49.47 and a 200-day moving average of $47.35. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $13.27 billion, a PE ratio of 10.44, a PEG ratio of 3.46 and a beta of 0.65.

CNA Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Monday, November 18th will be issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date is Monday, November 18th. CNA Financial’s dividend payout ratio is currently 37.37%.

Insider Activity

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

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on CNA shares. StockNews.com lowered CNA Financial from a “buy” rating to a “hold” rating in a research report on Tuesday. Bank of America raised their price objective on CNA Financial from $45.00 to $48.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th. Finally, Keefe, Bruyette & Woods upped their target price on shares of CNA Financial from $48.00 to $53.00 and gave the company a “market perform” rating in a research report on Thursday, August 1st.

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.