CNA Financial (NYSE:CNA) Posts Earnings Results, Meets Estimates

CNA Financial (NYSE:CNA) released its earnings results on Monday. The insurance provider reported $1.19 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.19, Briefing.com reports. CNA Financial had a net margin of 9.17% and a return on equity of 14.27%. The firm had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.08 billion. During the same period in the prior year, the firm earned $1.13 earnings per share.

CNA Financial Price Performance

Shares of NYSE CNA opened at $49.25 on Tuesday. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.31. The stock has a market cap of $13.36 billion, a P/E ratio of 10.75, a P/E/G ratio of 2.92 and a beta of 0.64. The stock has a 50 day moving average of $45.56 and a two-hundred day moving average of $44.72. CNA Financial has a twelve month low of $37.95 and a twelve month high of $50.79.

CNA Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 29th. Shareholders of record on Monday, August 12th will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 3.57%. The ex-dividend date is Monday, August 12th. CNA Financial’s dividend payout ratio (DPR) is 38.43%.

Insider Transactions at CNA Financial

In related news, CAO Daniel Paul Franzetti sold 23,301 shares of the stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $44.78, for a total transaction of $1,043,418.78. Following the completion of the sale, the chief accounting officer now owns 63,996 shares in the company, valued at approximately $2,865,740.88. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Keefe, Bruyette & Woods increased their price objective on shares of CNA Financial from $48.00 to $50.00 and gave the company a “market perform” rating in a research report on Wednesday, April 10th. StockNews.com raised CNA Financial from a “hold” rating to a “buy” rating in a report on Thursday, May 16th.

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.