CNA Financial (NYSE:CNA) Posts Quarterly Earnings Results, Beats Estimates By $0.14 EPS

CNA Financial (NYSE:CNA) released its earnings results on Monday. The insurance provider reported $1.25 EPS for the quarter, beating the consensus estimate of $1.11 by $0.14, Zacks reports. CNA Financial had a net margin of 9.26% and a return on equity of 13.30%.

CNA Financial Trading Down 1.3 %

Shares of CNA opened at $48.97 on Wednesday. The stock has a market capitalization of $13.26 billion, a P/E ratio of 10.20 and a beta of 0.66. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.28. The firm has a fifty day simple moving average of $48.53 and a two-hundred day simple moving average of $49.09. CNA Financial has a twelve month low of $42.33 and a twelve month high of $52.36.

CNA Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Monday, February 24th will be given a dividend of $0.46 per share. The ex-dividend date is Monday, February 24th. This represents a $1.84 annualized dividend and a yield of 3.76%. This is a boost from CNA Financial’s previous quarterly dividend of $0.44. CNA Financial’s dividend payout ratio is presently 36.67%.

Analyst Ratings Changes

Several equities analysts recently commented on CNA shares. StockNews.com lowered shares of CNA Financial from a “buy” rating to a “hold” rating in a report on Tuesday. Keefe, Bruyette & Woods reduced their target price on shares of CNA Financial from $55.00 to $54.00 and set a “market perform” rating on the stock in a report on Friday, January 10th.

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.