CNA Financial (NYSE:CNA) Posts Earnings Results, Misses Estimates By $0.46 EPS

CNA Financial (NYSE:CNA) released its quarterly earnings results on Monday. The insurance provider reported $0.75 earnings per share for the quarter, missing the consensus estimate of $1.21 by ($0.46), FiscalAI reports. The company had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.02 billion. CNA Financial had a return on equity of 11.34% and a net margin of 8.16%.

CNA Financial Stock Performance

Shares of CNA stock opened at $48.64 on Monday. The company has a market cap of $13.16 billion, a price-to-earnings ratio of 10.69, a price-to-earnings-growth ratio of 5.42 and a beta of 0.22. The stock has a 50 day simple moving average of $47.69 and a 200-day simple moving average of $47.71. CNA Financial has a 12-month low of $41.53 and a 12-month high of $55.71. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.27.

Insider Buying and Selling

In related news, EVP Mark James sold 8,273 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $53.15, for a total value of $439,709.95. Following the completion of the sale, the executive vice president owned 26,446 shares in the company, valued at $1,405,604.90. This trade represents a 23.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Daniel Franzetti sold 22,656 shares of the stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $53.09, for a total transaction of $1,202,807.04. Following the completion of the transaction, the chief accounting officer directly owned 68,032 shares of the company’s stock, valued at approximately $3,611,818.88. This trade represents a 24.98% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.29% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CNA. Zacks Research raised CNA Financial from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 16th. Weiss Ratings upgraded shares of CNA Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, October 16th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, CNA Financial presently has a consensus rating of “Moderate Buy”.

About CNA Financial

CNA Financial Corporation (NYSE: CNA) is a commercial property and casualty insurance company serving businesses, professionals and organizations. Its offerings include commercial property, casualty, workers’ compensation, professional liability, management liability, cyber, surety, marine and other specialty insurance products.

The company distributes its products primarily through independent agents, brokers and other insurance intermediaries. CNA serves customers across the United States and Canada, as well as selected international markets, including the United Kingdom and Europe.