CNA Financial (NYSE:CNA) Posts Quarterly Earnings Results, Misses Estimates By $0.47 EPS

CNA Financial (NYSE:CNA) released its earnings results on Monday. The insurance provider reported $0.83 EPS for the quarter, missing the consensus estimate of $1.30 by ($0.47), FiscalAI reports. The business had revenue of $3.68 billion for the quarter, compared to analysts’ expectations of $2.93 billion. CNA Financial had a net margin of 8.08% and a return on equity of 11.57%. During the same quarter last year, the company posted $1.03 earnings per share.

CNA Financial Stock Performance

Shares of CNA stock traded up $0.33 on Wednesday, hitting $44.86. 29,398 shares of the stock traded hands, compared to its average volume of 449,246. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.26 and a quick ratio of 0.28. The company has a market capitalization of $12.11 billion, a PE ratio of 10.01, a PEG ratio of 6.37 and a beta of 0.35. CNA Financial has a 1-year low of $42.77 and a 1-year high of $50.72. The company’s fifty day moving average is $47.12 and its 200 day moving average is $46.86.

CNA Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 4th. Investors of record on Monday, May 18th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Monday, May 18th. CNA Financial’s dividend payout ratio is currently 40.94%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on CNA shares. Wall Street Zen lowered CNA Financial from a “buy” rating to a “hold” rating in a research report on Sunday, February 15th. Weiss Ratings raised CNA Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 5th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Insider Activity

In other CNA Financial news, SVP Jeffrey John Neuenschwander sold 3,287 shares of the stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $45.97, for a total value of $151,103.39. Following the sale, the senior vice president directly owned 7,277 shares of the company’s stock, valued at $334,523.69. This trade represents a 31.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.29% of the company’s stock.

Institutional Investors Weigh In On CNA Financial

Several large investors have recently added to or reduced their stakes in the stock. Invesco Ltd. increased its position in CNA Financial by 1.7% in the fourth quarter. Invesco Ltd. now owns 114,144 shares of the insurance provider’s stock worth $5,449,000 after buying an additional 1,939 shares during the period. Corient Private Wealth LLC increased its position in CNA Financial by 635.9% in the fourth quarter. Corient Private Wealth LLC now owns 43,029 shares of the insurance provider’s stock worth $2,054,000 after buying an additional 37,182 shares during the period. Mercer Global Advisors Inc. ADV increased its position in CNA Financial by 19.2% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 16,208 shares of the insurance provider’s stock worth $774,000 after buying an additional 2,606 shares during the period. XTX Topco Ltd acquired a new stake in CNA Financial in the fourth quarter worth $1,586,000. Finally, Voloridge Investment Management LLC increased its position in CNA Financial by 92.3% in the fourth quarter. Voloridge Investment Management LLC now owns 62,613 shares of the insurance provider’s stock worth $2,989,000 after buying an additional 30,060 shares during the period. 98.45% of the stock is owned by institutional investors and hedge funds.

About CNA Financial

CNA Financial Corporation is a leading U.S.-based commercial property and casualty insurance company offering a broad portfolio of risk management and insurance solutions. The company underwrites coverage for businesses of all sizes across a variety of industry sectors, including manufacturing, healthcare, energy, technology, construction and real estate. In addition to core property and casualty insurance, CNA delivers specialized products such as surety bonds, professional liability, environmental liability and commercial auto coverage.

Headquartered in Chicago, Illinois, CNA traces its origins to the founding of Continental Casualty Company in 1897.