CNA Financial Co. (NYSE:CNA) Declares Quarterly Dividend of $0.46

CNA Financial Co. (NYSE:CNA) announced a quarterly dividend on Monday, February 10th,Wall Street Journal reports. Investors of record on Monday, February 24th will be given a dividend of 0.46 per share by the insurance provider on Thursday, March 13th. This represents a $1.84 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date of this dividend is Monday, February 24th. This is an increase from CNA Financial’s previous quarterly dividend of $0.44.

CNA Financial has increased its dividend payment by an average of 5.0% annually over the last three years. CNA Financial has a dividend payout ratio of 29.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect CNA Financial to earn $4.79 per share next year, which means the company should continue to be able to cover its $1.76 annual dividend with an expected future payout ratio of 36.7%.

CNA Financial Price Performance

Shares of CNA Financial stock traded down $0.63 during trading on Tuesday, hitting $48.97. The stock had a trading volume of 590,292 shares, compared to its average volume of 252,096. CNA Financial has a 12 month low of $42.33 and a 12 month high of $52.36. The business’s 50-day moving average is $48.54 and its 200 day moving average is $49.09. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.28. The firm has a market cap of $13.26 billion, a price-to-earnings ratio of 10.20 and a beta of 0.66.

CNA Financial (NYSE:CNA) last posted its quarterly earnings data on Monday, February 10th. The insurance provider reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.14. CNA Financial had a net margin of 9.26% and a return on equity of 13.30%. As a group, sell-side analysts anticipate that CNA Financial will post 4.68 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have weighed in on CNA shares. Keefe, Bruyette & Woods lowered their price objective on CNA Financial from $55.00 to $54.00 and set a “market perform” rating for the company in a research report on Friday, January 10th. StockNews.com upgraded shares of CNA Financial from a “hold” rating to a “buy” rating in a report on Wednesday, November 13th.

About CNA Financial

CNA Financial Corporation provides commercial property and casualty insurance products in the United States and internationally. 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 and cyber 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 casualty coverages for healthcare industry; surety and fidelity bonds; and warranty and alternative risks products.