CNA Financial Co. Plans Quarterly Dividend of $0.44 (NYSE:CNA)

CNA Financial Co. (NYSE:CNA) announced a quarterly dividend on Monday, November 4th, RTT News reports. Investors of record on Monday, November 18th will be paid a dividend of 0.44 per share by the insurance provider on Thursday, December 5th. This represents a $1.76 annualized dividend and a dividend yield of 3.76%.

CNA Financial has raised its dividend payment by an average of 4.3% annually over the last three years. CNA Financial has a dividend payout ratio of 33.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect CNA Financial to earn $4.86 per share next year, which means the company should continue to be able to cover its $1.76 annual dividend with an expected future payout ratio of 36.2%.

CNA Financial Trading Down 1.5 %

NYSE CNA opened at $46.81 on Tuesday. CNA Financial has a one year low of $38.32 and a one year high of $52.36. The stock has a market capitalization of $12.68 billion, a P/E ratio of 9.94, a P/E/G ratio of 3.46 and a beta of 0.65. The business has a 50 day simple moving average of $49.69 and a 200 day simple moving average of $47.29. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.27 and a quick ratio of 0.27.

CNA Financial (NYSE:CNA) last posted its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.03. CNA Financial had a net margin of 9.27% and a return on equity of 14.02%. During the same quarter in the prior year, the business posted $1.06 EPS. Research analysts expect that CNA Financial will post 4.55 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

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

About CNA Financial

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.