CNA Financial Corporation (NYSE:CNA) Announces Quarterly Dividend of $0.48

CNA Financial Corporation (NYSE:CNA) declared a quarterly dividend on Friday, May 1st. Shareholders of record on Monday, May 18th will be paid a dividend of 0.48 per share by the insurance provider on Thursday, June 4th. This represents a c) dividend on an annualized basis and a yield of 4.4%. The ex-dividend date is Monday, May 18th.

CNA Financial has raised its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 9 years. CNA Financial has a payout ratio of 38.6% meaning its dividend is sufficiently covered by earnings. Analysts expect CNA Financial to earn $5.01 per share next year, which means the company should continue to be able to cover its $1.92 annual dividend with an expected future payout ratio of 38.3%.

CNA Financial Price Performance

Shares of NYSE CNA opened at $43.73 on Friday. The business’s 50 day moving average price is $46.34 and its two-hundred day moving average price is $46.73. The company has a market cap of $11.83 billion, a PE ratio of 9.78, a price-to-earnings-growth ratio of 5.59 and a beta of 0.35. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.27. CNA Financial has a twelve month low of $42.48 and a twelve month high of $50.72.

CNA Financial (NYSE:CNA) last announced its quarterly earnings results on Monday, May 4th. The insurance provider reported $0.83 earnings per share for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.47). The business had revenue of $3.68 billion for the quarter, compared to analyst estimates of $2.93 billion. CNA Financial had a return on equity of 11.57% and a net margin of 8.08%.During the same period last year, the firm earned $1.03 EPS. On average, analysts predict that CNA Financial will post 4.33 EPS for the current year.

Insider Activity

In related news, SVP Jeffrey John Neuenschwander sold 3,287 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the senior vice president directly owned 7,277 shares in the company, valued at approximately $334,523.69. The trade was a 31.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.29% of the company’s stock.

Institutional Investors Weigh In On CNA Financial

Several institutional investors have recently made changes to their positions in CNA. Lloyd Advisory Services LLC. bought a new stake in shares of CNA Financial in the fourth quarter valued at approximately $25,000. Covestor Ltd boosted its stake in shares of CNA Financial by 129.7% in the third quarter. Covestor Ltd now owns 712 shares of the insurance provider’s stock valued at $33,000 after buying an additional 402 shares during the period. Ameriflex Group Inc. boosted its stake in shares of CNA Financial by 100.0% in the third quarter. Ameriflex Group Inc. now owns 820 shares of the insurance provider’s stock valued at $38,000 after buying an additional 410 shares during the period. Rothschild Investment LLC bought a new stake in shares of CNA Financial in the third quarter valued at approximately $48,000. Finally, Elevation Wealth Partners LLC bought a new stake in shares of CNA Financial in the fourth quarter valued at approximately $53,000. 98.45% of the stock is currently owned by institutional investors.

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.