CNA Financial (NYSE:CNA) Announces Earnings Results, Beats Expectations By $0.14 EPS

CNA Financial (NYSE:CNA) posted its earnings results on Monday. The insurance provider reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.14, Zacks reports. CNA Financial had a net margin of 9.26% and a return on equity of 13.30%.

CNA Financial Price Performance

Shares of NYSE:CNA opened at $48.97 on Wednesday. The company’s fifty day moving average price is $48.53 and its 200-day moving average price is $49.09. The firm has a market capitalization of $13.26 billion, a price-to-earnings ratio of 10.20 and a beta of 0.66. CNA Financial has a one year low of $42.33 and a one year high of $52.36. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.26 and a quick ratio of 0.26.

CNA Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Monday, February 24th will be issued a $0.46 dividend. This is a positive change from CNA Financial’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Monday, February 24th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.76%. CNA Financial’s dividend payout ratio is presently 36.67%.

Analyst Ratings Changes

A number of research firms recently weighed in on CNA. Keefe, Bruyette & Woods decreased their target price on shares of CNA Financial from $55.00 to $54.00 and set a “market perform” rating on the stock in a report on Friday, January 10th. 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.