CNA Financial Co. (CNA) To Go Ex-Dividend on February 24th

CNA Financial Co. (NYSE:CNA) announced a quarterly dividend on Monday, February 10th, Wall Street Journal reports. Shareholders of record on Monday, February 24th will be paid a dividend of 0.46 per share by the insurance provider on Thursday, March 13th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.74%. The ex-dividend date of this dividend is Monday, February 24th. This is an increase from CNA Financial’s previous quarterly dividend of $0.44.

CNA Financial has raised its dividend payment by an average of 5.0% per year over the last three years. CNA Financial has a dividend payout ratio of 34.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect CNA Financial to earn $4.74 per share next year, which means the company should continue to be able to cover its $1.84 annual dividend with an expected future payout ratio of 38.8%.

CNA Financial Trading Down 0.9 %

Shares of CNA opened at $49.26 on Friday. CNA Financial has a 12-month low of $42.33 and a 12-month high of $52.36. The firm has a market capitalization of $13.34 billion, a P/E ratio of 13.99, a P/E/G ratio of 9.16 and a beta of 0.66. The firm has a 50-day moving average price of $48.51 and a 200 day moving average price of $49.10. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.28.

CNA Financial (NYSE:CNA) last posted its quarterly earnings results on Monday, February 10th. The insurance provider reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.14. CNA Financial had a net margin of 6.72% and a return on equity of 12.90%. Sell-side analysts forecast that CNA Financial will post 4.64 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have issued reports on CNA shares. Keefe, Bruyette & Woods cut their target price on CNA Financial from $54.00 to $53.00 and set a “market perform” rating for the company in a research note on Wednesday, February 12th. StockNews.com downgraded CNA Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, February 11th.

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.