CNA Financial (NYSE:CNA) Releases Earnings Results, Misses Estimates By $0.46 EPS

CNA Financial (NYSE:CNA) announced its earnings results on Monday. The insurance provider reported $0.75 EPS for the quarter, missing the consensus estimate of $1.21 by ($0.46), FiscalAI reports. CNA Financial had a return on equity of 11.34% and a net margin of 8.16%. The business had revenue of $3.82 billion during the quarter, compared to analyst estimates of $3.02 billion.

CNA Financial Trading Down 0.1%

NYSE:CNA opened at $48.64 on Monday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.27 and a quick ratio of 0.27. The business’s 50-day simple moving average is $47.69 and its 200-day simple moving average is $47.71. CNA Financial has a fifty-two week low of $41.53 and a fifty-two week high of $55.71. The stock has a market capitalization of $13.16 billion, a PE ratio of 10.69, a price-to-earnings-growth ratio of 5.42 and a beta of 0.22.

Insider Buying and Selling

In other news, CAO Daniel Franzetti sold 22,656 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $53.09, for a total value of $1,202,807.04. Following the completion of the transaction, the chief accounting officer owned 68,032 shares in the company, valued at $3,611,818.88. This represents a 24.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Mark James sold 8,273 shares of the company’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $53.15, for a total transaction of $439,709.95. Following the completion of the transaction, the executive vice president directly owned 26,446 shares of the company’s stock, valued at approximately $1,405,604.90. The trade was a 23.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.29% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

CNA has been the subject of a number of research analyst reports. Zacks Research raised shares of CNA Financial from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 16th. Weiss Ratings upgraded shares of CNA Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, October 16th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, CNA Financial currently has a consensus rating of “Moderate Buy”.

CNA Financial Company Profile

CNA Financial Corporation (NYSE: CNA) is a commercial property and casualty insurance company serving businesses, professionals and organizations. Its offerings include commercial property, casualty, workers’ compensation, professional liability, management liability, cyber, surety, marine and other specialty insurance products.

The company distributes its products primarily through independent agents, brokers and other insurance intermediaries. CNA serves customers across the United States and Canada, as well as selected international markets, including the United Kingdom and Europe.