CNA Financial (NYSE:CNA) Issues Quarterly Earnings Results

CNA Financial (NYSE:CNA) released its earnings results on Monday. The insurance provider reported $1.08 earnings per share (EPS) for the quarter, topping 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 company had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.15 billion. During the same quarter in the prior year, the firm earned $1.06 EPS.

CNA Financial Stock Up 0.5 %

Shares of NYSE CNA traded up $0.22 during mid-day trading on Tuesday, reaching $47.03. 92,593 shares of the company traded hands, compared to its average volume of 276,132. The company’s fifty day moving average is $49.60 and its two-hundred day moving average is $47.32. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.27 and a current ratio of 0.27. CNA Financial has a fifty-two week low of $38.32 and a fifty-two week high of $52.36. The stock has a market cap of $12.74 billion, a PE ratio of 9.95, a price-to-earnings-growth ratio of 3.46 and a beta of 0.65.

CNA Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Monday, November 18th will be given a $0.44 dividend. The ex-dividend date is Monday, November 18th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.74%. CNA Financial’s dividend payout ratio is currently 37.37%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CNA. Keefe, Bruyette & Woods boosted their target price on CNA Financial from $48.00 to $53.00 and gave the company a “market perform” rating in a research note on Thursday, August 1st. Bank of America raised their price objective on shares of 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 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 value 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 trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, EVP Mark Steven James sold 18,547 shares of CNA Financial 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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 sale, the executive vice president now owns 47,744 shares of the company’s stock, valued at approximately $2,368,102.40. 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.

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.