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

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

CNA Financial Stock Up 0.7 %

Shares of CNA traded up $0.32 during mid-day trading on Tuesday, hitting $47.13. The company’s stock had a trading volume of 118,053 shares, compared to its average volume of 276,220. The company’s 50-day moving average is $49.60 and its 200-day moving average is $47.32. CNA Financial has a 52-week low of $38.32 and a 52-week high of $52.36. The firm has a market capitalization of $12.76 billion, a price-to-earnings ratio of 9.95, a PEG ratio of 3.46 and a beta of 0.65. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Stockholders 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 annualized dividend and a dividend yield of 3.73%. CNA Financial’s payout ratio is presently 37.37%.

Insider Transactions at CNA Financial

In related news, 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 transaction of $1,297,536.00. Following the completion of the sale, the executive vice president now owns 47,744 shares of the company’s stock, valued at $2,368,102.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other CNA Financial news, EVP Elizabeth Ann Aguinaga sold 26,160 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $49.60, for a total transaction of $1,297,536.00. Following the transaction, the executive vice president now owns 47,744 shares in the company, valued at approximately $2,368,102.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Mark Steven James sold 18,547 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $50.58, for a total transaction of $938,107.26. Following the transaction, the executive vice president now owns 22,917 shares in the company, valued at $1,159,141.86. 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.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CNA. Keefe, Bruyette & Woods lifted their price objective on shares of CNA Financial from $48.00 to $53.00 and gave the stock a “market perform” rating in a research note on Thursday, August 1st. Bank of America upped their price target on shares of CNA Financial from $45.00 to $48.00 and gave the company an “underperform” rating in a report on Thursday, October 10th.

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.