CNA Financial Corporation (NYSE:CNA) Announces $2.00 Annual Dividend

CNA Financial Corporation (NYSE:CNA) declared an annual dividend on Monday, February 9th. Stockholders of record on Monday, February 23rd will be paid a dividend of 2.00 per share by the insurance provider on Thursday, March 12th. This represents a dividend yield of 407.0%. The ex-dividend date of this dividend is Monday, February 23rd.

CNA Financial has increased its dividend by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 9 consecutive years. CNA Financial has a dividend payout ratio of 36.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect CNA Financial to earn $4.74 per share next year, which means the company should continue to be able to cover its $1.84 annual dividend with an expected future payout ratio of 38.8%.

CNA Financial Stock Performance

CNA opened at $49.08 on Tuesday. The firm’s fifty day simple moving average is $47.05 and its two-hundred day simple moving average is $46.69. CNA Financial has a 52-week low of $43.29 and a 52-week high of $51.34. The company has a market cap of $13.28 billion, a price-to-earnings ratio of 13.45, a PEG ratio of 4.81 and a beta of 0.37. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.26.

CNA Financial (NYSE:CNA) last released its quarterly earnings results on Monday, February 9th. The insurance provider reported $1.16 earnings per share for the quarter, missing the consensus estimate of $1.20 by ($0.04). The company had revenue of $3.83 billion for the quarter, compared to analyst estimates of $2.88 billion. CNA Financial had a return on equity of 12.78% and a net margin of 6.71%.During the same quarter last year, the company earned $1.25 EPS. Equities analysts anticipate that CNA Financial will post 4.64 earnings per share for the current fiscal year.

Insider Activity

In related news, Chairman Dino Robusto sold 6,250 shares of the firm’s stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $47.62, for a total transaction of $297,625.00. Following the completion of the sale, the chairman directly owned 661,838 shares in the company, valued at approximately $31,516,725.56. This trade represents a 0.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.36% of the company’s stock.

Institutional Trading of CNA Financial

Several institutional investors have recently made changes to their positions in the company. Lloyd Advisory Services LLC. purchased a new position in CNA Financial in the fourth quarter worth approximately $25,000. Alpine Bank Wealth Management lifted its stake in shares of CNA Financial by 70.0% in the 3rd quarter. Alpine Bank Wealth Management now owns 556 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 229 shares during the last quarter. Covestor Ltd grew its holdings in shares of CNA Financial by 129.7% during the 3rd quarter. Covestor Ltd now owns 712 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 402 shares during the period. Allworth Financial LP grew its holdings in shares of CNA Financial by 102.3% during the 2nd quarter. Allworth Financial LP now owns 785 shares of the insurance provider’s stock worth $37,000 after purchasing an additional 397 shares during the period. Finally, Ameriflex Group Inc. increased its position in shares of CNA Financial by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 820 shares of the insurance provider’s stock worth $38,000 after purchasing an additional 410 shares during the last quarter. Hedge funds and other institutional investors own 98.45% of the company’s stock.

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.