CNA Financial Corporation (CNA) to Issue Annual Dividend of $2.00 on March 12th

CNA Financial Corporation (NYSE:CNA) declared an annual dividend on Monday, February 9th. Investors of record on Monday, February 23rd will be paid a dividend of 2.00 per share by the insurance provider on Thursday, March 12th. This represents a dividend yield of 407.0%. The ex-dividend date of this dividend is Monday, February 23rd.

CNA Financial has raised its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 9 years. CNA Financial has a payout ratio of 38.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect CNA Financial to earn $4.74 per share next year, which means the company should continue to be able to cover its $1.92 annual dividend with an expected future payout ratio of 40.5%.

CNA Financial Price Performance

Shares of CNA opened at $50.07 on Friday. The business’s 50-day moving average is $47.72 and its two-hundred day moving average is $46.95. The company has a market capitalization of $13.55 billion, a P/E ratio of 10.68, a P/E/G ratio of 9.07 and a beta of 0.37. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.28 and a current ratio of 0.28. CNA Financial has a fifty-two week low of $43.29 and a fifty-two week high of $51.34.

CNA Financial (NYSE:CNA) last issued its quarterly earnings data on Monday, February 9th. The insurance provider reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.04). The company had revenue of $3.83 billion during the quarter, compared to analyst estimates of $2.88 billion. CNA Financial had a net margin of 8.53% and a return on equity of 12.23%. During the same period last year, the firm earned $1.25 EPS. Research analysts predict that CNA Financial will post 4.64 earnings per share for the current year.

Insider Activity at CNA Financial

In other news, Chairman Dino Robusto sold 6,250 shares of the firm’s stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $47.62, for a total value of $297,625.00. Following the transaction, the chairman owned 661,838 shares in the company, valued at $31,516,725.56. This trade represents a 0.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in CNA. Lloyd Advisory Services LLC. acquired a new stake in CNA Financial during the 4th quarter worth $25,000. Alpine Bank Wealth Management lifted its stake in shares of CNA Financial by 70.0% in the third quarter. Alpine Bank Wealth Management now owns 556 shares of the insurance provider’s stock worth $26,000 after buying an additional 229 shares in the last quarter. Covestor Ltd boosted its position in CNA Financial by 129.7% during the third quarter. Covestor Ltd now owns 712 shares of the insurance provider’s stock worth $33,000 after acquiring an additional 402 shares during the last quarter. Allworth Financial LP grew its stake in CNA Financial by 102.3% during the 2nd quarter. Allworth Financial LP now owns 785 shares of the insurance provider’s stock valued at $37,000 after acquiring an additional 397 shares in the last quarter. Finally, Ameriflex Group Inc. grew its stake in CNA Financial by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 820 shares of the insurance provider’s stock valued at $38,000 after acquiring an additional 410 shares in the last quarter. 98.45% of the stock is owned by institutional investors and hedge funds.

CNA Financial Company Profile

CNA Financial Corporation is a leading U.S.-based commercial property and casualty insurance company offering a broad portfolio of risk management and insurance solutions. The company underwrites coverage for businesses of all sizes across a variety of industry sectors, including manufacturing, healthcare, energy, technology, construction and real estate. In addition to core property and casualty insurance, CNA delivers specialized products such as surety bonds, professional liability, environmental liability and commercial auto coverage.

Headquartered in Chicago, Illinois, CNA traces its origins to the founding of Continental Casualty Company in 1897.