CNA Financial (NYSE:CNA) Posts Quarterly Earnings Results, Misses Expectations By $0.07 EPS

CNA Financial (NYSE:CNAGet Rating) released its quarterly earnings results on Monday. The insurance provider reported $1.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.23 by ($0.07), MarketWatch Earnings reports. CNA Financial had a net margin of 10.09% and a return on equity of 8.81%. During the same quarter last year, the business earned $0.96 EPS.

Shares of NYSE:CNA traded down $2.56 during mid-day trading on Tuesday, reaching $44.88. The stock had a trading volume of 294,266 shares, compared to its average volume of 129,175. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.22. The firm has a market cap of $12.17 billion, a PE ratio of 10.18, a price-to-earnings-growth ratio of 2.16 and a beta of 0.75. The firm has a 50 day simple moving average of $47.38 and a two-hundred day simple moving average of $46.04. CNA Financial has a twelve month low of $41.44 and a twelve month high of $50.33.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 2nd. Stockholders of record on Monday, May 16th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.57%. The ex-dividend date of this dividend is Friday, May 13th. This is a positive change from CNA Financial’s previous quarterly dividend of $0.38. CNA Financial’s dividend payout ratio (DPR) is 36.28%.

CNA has been the topic of several research analyst reports. William Blair reissued a “market perform” rating on shares of CNA Financial in a research note on Monday, February 7th. StockNews.com began coverage on shares of CNA Financial in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Zacks Investment Research raised shares of CNA Financial from a “sell” rating to a “hold” rating and set a $51.00 price target on the stock in a research report on Monday, April 11th.

Several hedge funds and other institutional investors have recently bought and sold shares of CNA. LPL Financial LLC boosted its position in CNA Financial by 12.0% during the third quarter. LPL Financial LLC now owns 4,992 shares of the insurance provider’s stock worth $209,000 after purchasing an additional 533 shares during the period. Wells Fargo & Company MN raised its stake in CNA Financial by 422.0% during the second quarter. Wells Fargo & Company MN now owns 5,773 shares of the insurance provider’s stock worth $263,000 after acquiring an additional 4,667 shares in the last quarter. Cetera Investment Advisers boosted its holdings in CNA Financial by 6.2% in the fourth quarter. Cetera Investment Advisers now owns 7,566 shares of the insurance provider’s stock valued at $334,000 after acquiring an additional 440 shares during the last quarter. JustInvest LLC bought a new stake in CNA Financial in the fourth quarter valued at approximately $444,000. Finally, Citigroup Inc. boosted its holdings in shares of CNA Financial by 2.4% during the 4th quarter. Citigroup Inc. now owns 11,686 shares of the insurance provider’s stock worth $515,000 after buying an additional 272 shares in the last quarter. Institutional investors own 99.04% of the company’s stock.

CNA Financial Company Profile (Get Rating)

CNA Financial Corporation provides commercial property and casualty insurance products primarily in the United States. It operates through Specialty, Commercial, International, Life & Group, and Corporate & Other segments. The company offers professional liability coverages and risk management services to various professional firms, including architects, real estate agents, and accounting and law firms; directors and officers, employment practices, fiduciary, and fidelity coverages to small and mid-size firms, public and privately held firms, and not-for-profit organizations; professional and general liability, as well as associated standard property and casualty coverages for healthcare industry; surety and fidelity bonds; and warranty and alternative risks products.

Further Reading

Earnings History for CNA Financial (NYSE:CNA)

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