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


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CNA Financial (NYSE:CNA) announced its earnings results on Sunday. The insurance provider reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.01, MarketWatch Earnings reports. CNA Financial had a return on equity of 5.75% and a net margin of 5.41%. During the same period in the prior year, the firm posted $0.40 EPS.

Shares of NYSE:CNA traded down $0.38 during trading on Tuesday, reaching $47.29. 697 shares of the stock traded hands, compared to its average volume of 225,069. The stock has a 50-day moving average of $46.21 and a two-hundred day moving average of $40.14. CNA Financial has a 52-week low of $25.18 and a 52-week high of $48.26. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.23 and a current ratio of 0.23. The stock has a market cap of $12.83 billion, a P/E ratio of 22.49, a price-to-earnings-growth ratio of 2.03 and a beta of 0.85.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 3rd. Stockholders of record on Monday, May 17th will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date is Friday, May 14th. CNA Financial’s payout ratio is 42.34%.

A number of equities analysts have recently weighed in on the company. Bank of America downgraded CNA Financial from a “neutral” rating to an “underperform” rating in a research note on Thursday, January 7th. Zacks Investment Research raised shares of CNA Financial from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a report on Wednesday, February 10th. Finally, Keefe, Bruyette & Woods raised shares of CNA Financial from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $41.00 to $52.00 in a report on Thursday, February 18th.

In other news, EVP Douglas Worman sold 9,298 shares of the stock in a transaction that occurred on Thursday, March 11th. The shares were sold at an average price of $45.59, for a total transaction of $423,895.82. Corporate insiders own 0.24% of the company’s stock.

CNA Financial Company Profile

CNA Financial Corporation provides commercial property and casualty insurance products primarily in the United States. 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 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 standard property and casualty coverages for healthcare industry; surety and fidelity bonds; and warranty and alternative risks products.

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Earnings History for CNA Financial (NYSE:CNA)

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