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

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

CNA Financial Price Performance

Shares of CNA stock traded up $0.12 during midday trading on Tuesday, reaching $46.93. 84,085 shares of the company traded hands, compared to its average volume of 276,049. The firm’s 50 day simple moving average is $49.60 and its two-hundred day simple moving average is $47.32. CNA Financial has a 1-year low of $38.32 and a 1-year high of $52.36. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.27 and a quick ratio of 0.27. The firm has a market cap of $12.71 billion, a PE ratio of 9.95, a price-to-earnings-growth ratio of 3.46 and a beta of 0.65.

CNA Financial Announces Dividend

The business 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 dividend of $0.44 per share. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.75%. CNA Financial’s payout ratio is 37.37%.

Insider Activity

In other news, EVP Mark Steven James sold 18,547 shares of CNA Financial 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 completion of the sale, the executive vice president now directly owns 22,917 shares in the company, valued at approximately $1,159,141.86. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other CNA Financial news, EVP Elizabeth Ann Aguinaga sold 26,160 shares of CNA Financial stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 47,744 shares of the company’s stock, valued at approximately $2,368,102.40. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mark Steven James sold 18,547 shares of CNA Financial stock in a transaction that occurred on Monday, September 16th. The stock was 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. Insiders own 0.31% of the company’s stock.

Wall Street Analysts Forecast Growth

CNA has been the subject of a number of recent analyst reports. Bank of America raised their price objective on shares of CNA Financial from $45.00 to $48.00 and gave the company an “underperform” rating in a research report on Thursday, October 10th. Keefe, Bruyette & Woods raised their price objective on shares of CNA Financial from $48.00 to $53.00 and gave the company a “market perform” rating in a research report on Thursday, August 1st.

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.