CNA Financial (NYSE:CNA) released its earnings results on Sunday. The insurance provider reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.01, MarketWatch Earnings reports. CNA Financial had a net margin of 5.41% and a return on equity of 5.75%. During the same period in the prior year, the company earned $0.40 EPS.
CNA traded down $0.04 on Tuesday, reaching $47.63. 139,663 shares of the company traded hands, compared to its average volume of 224,052. The stock’s 50 day moving average price is $46.21 and its 200-day moving average price is $40.14. CNA Financial has a 52-week low of $25.18 and a 52-week high of $48.26. The company has a market cap of $12.93 billion, a price-to-earnings ratio of 22.49, a PEG ratio of 2.03 and a beta of 0.85. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.23 and a quick ratio of 0.23.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 3rd. Investors of record on Monday, May 17th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date of this dividend is Friday, May 14th. CNA Financial’s payout ratio is presently 42.34%.
In related news, EVP Douglas Worman sold 9,298 shares of the business’s 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. Insiders own 0.24% of the company’s stock.
Several research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods raised shares of CNA Financial from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $41.00 to $52.00 in a research report on Thursday, February 18th. Bank of America downgraded shares of CNA Financial from a “neutral” rating to an “underperform” rating in a research report on Thursday, January 7th. Finally, Zacks Investment Research raised shares of CNA Financial from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a research report on Wednesday, February 10th.
About CNA Financial
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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