CNA Financial (NYSE:CNA) Posts Earnings Results, Beats Expectations By $0.01 EPS

CNA Financial (NYSE:CNA) released its earnings results on Sunday. The insurance provider reported $0.96 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.95 by $0.01, MarketWatch Earnings reports. CNA Financial had a net margin of 5.41% and a return on equity of 5.75%. During the same quarter last year, the business earned $0.40 EPS.

Shares of CNA stock traded down $0.36 during trading hours on Tuesday, hitting $47.31. The stock had a trading volume of 695 shares, compared to its average volume of 225,069. The firm has a market capitalization of $12.84 billion, a PE ratio of 22.49, a PEG ratio of 2.03 and a beta of 0.85. CNA Financial has a twelve month low of $25.18 and a twelve month high of $48.26. The stock’s 50 day moving average is $46.21 and its 200 day moving average is $40.14. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.23 and a quick ratio of 0.23.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 3rd. Stockholders of record on Monday, May 17th will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 3.21%. The ex-dividend date is Friday, May 14th. CNA Financial’s payout ratio is currently 42.34%.

In related news, EVP Douglas Worman sold 9,298 shares of the stock in a transaction on Thursday, March 11th. The stock was sold at an average price of $45.59, for a total transaction of $423,895.82. 0.24% of the stock is owned by company insiders.

Several equities analysts have commented on the stock. Bank of America lowered shares of CNA Financial from a “neutral” rating to an “underperform” rating in a research note on Thursday, January 7th. Keefe, Bruyette & Woods upgraded shares of CNA Financial from a “market perform” rating to an “outperform” rating and increased their price target for the company from $41.00 to $52.00 in a research note on Thursday, February 18th. Finally, Zacks Investment Research upgraded shares of CNA Financial from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a research note on Wednesday, February 10th.

About CNA Financial

CNA Financial Corporation provides commercial property and casualty insurance products primarily in the United States. 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 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 standard property and casualty coverages for healthcare industry; surety and fidelity bonds; and warranty and alternative risks products.

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Earnings History for CNA Financial (NYSE:CNA)

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