CNA Financial (NYSE:CNA) Announces Quarterly Earnings Results, Beats Estimates By $0.01 EPS

CNA Financial (NYSE:CNA) issued its earnings results on Monday. The insurance provider reported $1.08 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.01, Briefing.com reports. The business had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.15 billion. CNA Financial had a return on equity of 14.02% and a net margin of 9.27%. During the same period in the prior year, the business earned $1.06 EPS.

CNA Financial Price Performance

Shares of NYSE:CNA traded down $0.13 on Thursday, reaching $49.01. 32,947 shares of the company were exchanged, compared to its average volume of 276,459. The firm has a market cap of $13.27 billion, a price-to-earnings ratio of 10.44, a price-to-earnings-growth ratio of 3.46 and a beta of 0.65. CNA Financial has a 1-year low of $38.32 and a 1-year 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 current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.30.

CNA Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Monday, November 18th will be paid a $0.44 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.76 annualized dividend and a yield of 3.59%. CNA Financial’s dividend payout ratio is currently 37.37%.

Insider Activity at CNA Financial

In other CNA Financial news, EVP Mark Steven James sold 18,547 shares of the company’s stock in a transaction dated 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 directly owns 22,917 shares in the company, valued at approximately $1,159,141.86. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Elizabeth Ann Aguinaga sold 26,160 shares of the stock in a transaction dated 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 completion of the transaction, the executive vice president now owns 47,744 shares in the company, valued at $2,368,102.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Mark Steven James sold 18,547 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $1,159,141.86. The trade was 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 corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CNA. StockNews.com downgraded shares of CNA Financial from a “buy” rating to a “hold” rating in a research report on Tuesday. Keefe, Bruyette & Woods raised their price objective 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. Finally, Bank of America raised their target price on CNA Financial from $45.00 to $48.00 and gave the company an “underperform” rating in a report on Thursday, October 10th.

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.