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

CNA Financial (NYSE:CNA) released its quarterly earnings data on Monday. The insurance provider reported $1.08 EPS for the quarter, topping the consensus estimate 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 company had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.15 billion. During the same period last year, the business posted $1.06 EPS.

CNA Financial Price Performance

NYSE:CNA opened at $47.48 on Wednesday. The stock has a market capitalization of $12.86 billion, a PE ratio of 10.08, a price-to-earnings-growth ratio of 3.46 and a beta of 0.65. CNA Financial has a 52 week low of $38.32 and a 52 week high of $52.36. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.30. The stock’s 50-day moving average price is $49.52 and its 200-day moving average price is $47.34.

CNA Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Monday, November 18th will be issued a $0.44 dividend. The ex-dividend date of this dividend is Monday, November 18th. This represents a $1.76 dividend on an annualized basis and a yield of 3.71%. CNA Financial’s payout ratio is 37.37%.

Insiders Place Their Bets

In other news, EVP Elizabeth Ann Aguinaga sold 26,160 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 47,744 shares in the company, valued at $2,368,102.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other CNA Financial news, EVP Mark Steven James sold 18,547 shares of the firm’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 value of $938,107.26. Following the transaction, the executive vice president now directly owns 22,917 shares of the company’s stock, valued at $1,159,141.86. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 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. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.31% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on CNA. Keefe, Bruyette & Woods upped 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 increased their price target on CNA Financial from $45.00 to $48.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th. Finally, StockNews.com lowered shares of CNA Financial from a “buy” rating to a “hold” rating in a report on Tuesday.

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.