CNA Financial (NYSE:CNA) Releases Earnings Results

CNA Financial (NYSE:CNA) issued its quarterly earnings data on Monday. The insurance provider reported $1.16 earnings per share for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.04), FiscalAI reports. CNA Financial had a return on equity of 12.48% and a net margin of 8.53%.The firm had revenue of $3.83 billion during the quarter, compared to analyst estimates of $2.88 billion. During the same quarter last year, the company posted $1.25 EPS.

CNA Financial Stock Down 0.6%

Shares of CNA opened at $48.82 on Wednesday. The stock has a 50 day moving average price of $47.10 and a 200 day moving average price of $46.72. CNA Financial has a one year low of $43.29 and a one year high of $51.34. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.28 and a current ratio of 0.28. The stock has a market capitalization of $13.21 billion, a price-to-earnings ratio of 10.41, a PEG ratio of 4.74 and a beta of 0.37.

CNA Financial Announces Dividend

The company also recently declared an annual dividend, which will be paid on Thursday, March 12th. Stockholders of record on Monday, February 23rd will be paid a $2.00 dividend. The ex-dividend date of this dividend is Monday, February 23rd. This represents a dividend yield of 407.0%. CNA Financial’s payout ratio is currently 39.23%.

Wall Street Analysts Forecast Growth

CNA has been the subject of a number of analyst reports. Zacks Research cut CNA Financial from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 1st. Weiss Ratings upgraded CNA Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, February 5th. Finally, Wall Street Zen upgraded CNA Financial from a “hold” rating to a “buy” rating in a research report on Saturday. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $53.00.

Insiders Place Their Bets

In other CNA Financial news, Chairman Dino Robusto sold 6,250 shares of CNA Financial stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $47.62, for a total transaction of $297,625.00. Following the sale, the chairman owned 661,838 shares of the company’s stock, valued at $31,516,725.56. The trade was a 0.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.36% of the company’s stock.

Institutional Investors Weigh In On CNA Financial

A number of hedge funds have recently modified their holdings of the business. State of Wyoming acquired a new position in CNA Financial during the second quarter worth about $53,000. Quantbot Technologies LP acquired a new stake in CNA Financial in the 2nd quarter valued at about $55,000. CIBC Private Wealth Group LLC lifted its stake in CNA Financial by 142.7% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,223 shares of the insurance provider’s stock worth $57,000 after purchasing an additional 719 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of CNA Financial by 28.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,435 shares of the insurance provider’s stock worth $67,000 after purchasing an additional 318 shares during the last quarter. Finally, Lazard Asset Management LLC boosted its holdings in shares of CNA Financial by 6.8% during the 2nd quarter. Lazard Asset Management LLC now owns 3,957 shares of the insurance provider’s stock worth $184,000 after purchasing an additional 253 shares during the last quarter. 98.45% of the stock is currently 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.