CNA Financial (NYSE:CNA) Issues Quarterly Earnings Results

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

CNA Financial Price Performance

Shares of CNA opened at $47.48 on Wednesday. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.30. The stock’s 50 day moving average is $49.52 and its two-hundred day moving average is $47.34. CNA Financial has a twelve month low of $38.32 and a twelve month high of $52.36. The firm has a market capitalization of $12.86 billion, a PE ratio of 10.08, a P/E/G ratio of 3.46 and a beta of 0.65.

CNA Financial Dividend Announcement

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 paid 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 3.71%. CNA Financial’s dividend payout ratio (DPR) is 37.37%.

Wall Street Analysts Forecast Growth

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

Insider Transactions at CNA Financial

In related news, EVP Elizabeth Ann Aguinaga sold 26,160 shares of CNA Financial stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 47,744 shares in the company, valued at $2,368,102.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, EVP Mark Steven James sold 18,547 shares of CNA Financial stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 22,917 shares in the company, valued at approximately $1,159,141.86. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Elizabeth Ann Aguinaga sold 26,160 shares of the business’s stock in a transaction on 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 sale, the executive vice president now owns 47,744 shares in the company, valued at approximately $2,368,102.40. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.31% of the company’s stock.

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.