CNA Financial (NYSE:CNA – Get Free Report) 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
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.
Check Out Our Latest Analysis on CNA Financial
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.
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