CNA Financial Corporation (NYSE:CNA) announced its earnings results on Monday, July 31st. The insurance provider reported $0.88 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.13, reports. CNA Financial Corporation had a net margin of 11.72% and a return on equity of 8.40%. The company had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.35 billion. During the same period in the previous year, the firm posted $0.77 earnings per share.
CNA Financial Corporation (NYSE CNA) opened at 51.68 on Friday. The company’s 50-day moving average is $50.66 and its 200-day moving average is $46.16. The firm has a market cap of $14.01 billion, a PE ratio of 12.58 and a beta of 1.23. CNA Financial Corporation has a one year low of $32.03 and a one year high of $53.67.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 30th. Investors of record on Monday, August 14th will be issued a dividend of $0.30 per share. 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 2.32%. This is a boost from CNA Financial Corporation’s previous quarterly dividend of $0.25. CNA Financial Corporation’s payout ratio is currently 29.20%.
CNA has been the subject of a number of recent research reports. Zacks Investment Research raised shares of CNA Financial Corporation from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a research note on Monday, May 22nd. Deutsche Bank AG downgraded shares of CNA Financial Corporation from a “buy” rating to a “hold” rating and boosted their price target for the stock from $45.00 to $46.00 in a research note on Tuesday, May 2nd. BidaskClub raised shares of CNA Financial Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, August 9th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $50.00 price target on shares of CNA Financial Corporation in a research note on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $47.00.
In other CNA Financial Corporation news, CFO D Craig Mense sold 23,450 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $52.66, for a total transaction of $1,234,877.00. Following the completion of the transaction, the chief financial officer now owns 130,548 shares in the company, valued at approximately $6,874,657.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.53% of the stock is currently owned by company insiders.
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CNA Financial Corporation Company Profile
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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