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

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

CNA Financial Trading Up 0.3 %

NYSE:CNA traded up $0.12 during trading hours on Tuesday, reaching $46.93. 84,085 shares of the stock were exchanged, compared to its average volume of 276,049. CNA Financial has a twelve month low of $38.32 and a twelve month 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 company has a market capitalization of $12.71 billion, a price-to-earnings ratio of 9.95, a PEG ratio of 3.46 and a beta of 0.65. The business has a 50-day moving average of $49.60 and a two-hundred day moving average of $47.32.

CNA Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 5th. Shareholders of record on Monday, November 18th will be paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date is Monday, November 18th. CNA Financial’s dividend payout ratio (DPR) is 37.37%.

Insider Buying and Selling at CNA Financial

In other CNA Financial news, EVP Mark Steven James sold 18,547 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $50.58, for a total transaction of $938,107.26. Following the transaction, the executive vice president now owns 22,917 shares of the company’s stock, valued at approximately $1,159,141.86. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other CNA Financial news, EVP Mark Steven James sold 18,547 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $50.58, for a total transaction of $938,107.26. Following the transaction, the executive vice president now owns 22,917 shares of the company’s stock, valued at approximately $1,159,141.86. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 value of $1,297,536.00. Following the transaction, the executive vice president now directly owns 47,744 shares in the company, valued at approximately $2,368,102.40. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 0.31% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Bank of America upped their price target on 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 increased their price objective on CNA Financial from $48.00 to $53.00 and gave the stock a “market perform” rating in a research report on Thursday, August 1st.

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.