CNA Financial Corporation (NYSE:CNA) issued its earnings results on Monday, July 31st. The insurance provider reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.13, reports. The company had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.35 billion. CNA Financial Corporation had a return on equity of 8.40% and a net margin of 11.72%. During the same quarter last year, the company earned $0.77 EPS.
CNA Financial Corporation (NYSE CNA) remained flat at $52.72 during mid-day trading on Friday. The company had a trading volume of 179,666 shares. CNA Financial Corporation has a 52-week low of $32.03 and a 52-week high of $53.67. The company’s 50-day moving average is $49.94 and its 200 day moving average is $45.70. The stock has a market cap of $14.29 billion, a P/E ratio of 12.83 and a beta of 1.23.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 30th. Shareholders of record on Monday, August 14th will be paid a $0.30 dividend. This is an increase from CNA Financial Corporation’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $1.20 dividend on an annualized basis and a yield of 2.28%. CNA Financial Corporation’s payout ratio is presently 24.33%.
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Several analysts recently issued reports on the company. BidaskClub raised CNA Financial Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday. Zacks Investment Research raised CNA Financial Corporation from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a research note on Tuesday, April 18th. Finally, Deutsche Bank AG downgraded CNA Financial Corporation from a “buy” rating to a “hold” rating and lifted their target price for the company from $45.00 to $46.00 in a research note on Tuesday, May 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. CNA Financial Corporation presently has an average rating of “Hold” and an average target price of $47.00.
About CNA Financial Corporation
CNA Financial Corporation is an insurance holding company. The Company’s segments include Specialty, Commercial, International, Life & Group Non-Core, and Corporate & Other Non-Core. Its Specialty segment provides a range of professional, financial, and specialty property, and casualty products and services.
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