CNA Financial (NYSE:CNA) Issues Earnings Results, Beats Expectations By $0.01 EPS

CNA Financial (NYSE:CNA) announced its quarterly earnings data on Monday. The insurance provider reported $1.08 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 during the quarter, compared to analyst estimates of $3.15 billion. During the same period last year, the company earned $1.06 earnings per share.

CNA Financial Price Performance

NYSE:CNA traded down $0.13 during trading hours on Thursday, hitting $49.01. The company’s stock had a trading volume of 32,947 shares, compared to its average volume of 276,459. The stock has a fifty day simple moving average of $49.47 and a 200-day simple moving average of $47.35. CNA Financial has a twelve month low of $38.32 and a twelve month high of $52.36. The company has a market capitalization of $13.27 billion, a P/E ratio of 10.44, a PEG ratio of 3.46 and a beta of 0.65. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.27 and a quick ratio of 0.27.

CNA Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Investors of record on Monday, November 18th will be paid a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 3.59%. The ex-dividend date is Monday, November 18th. CNA Financial’s dividend payout ratio (DPR) is presently 37.37%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on CNA shares. Keefe, Bruyette & Woods raised their target price on CNA Financial from $48.00 to $53.00 and gave the stock a “market perform” rating in a report on Thursday, August 1st. Bank of America lifted their price objective on CNA Financial from $45.00 to $48.00 and gave the company an “underperform” rating in a report on Thursday, October 10th. Finally, StockNews.com cut CNA Financial from a “buy” rating to a “hold” rating in a report on Tuesday.

Insider Activity

In other news, EVP Elizabeth Ann Aguinaga sold 26,160 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $49.60, for a total transaction of $1,297,536.00. Following the completion of the transaction, the executive vice president now directly owns 47,744 shares in the company, valued at $2,368,102.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other CNA Financial news, EVP Elizabeth Ann Aguinaga sold 26,160 shares of the business’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $49.60, for a total value of $1,297,536.00. Following the transaction, the executive vice president now 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mark Steven James sold 18,547 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $50.58, for a total value of $938,107.26. Following the completion of the transaction, the executive vice president now directly owns 22,917 shares in the company, valued at approximately $1,159,141.86. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.31% of the company’s stock.

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.