CNA Financial (NYSE:CNA) Announces Earnings Results

CNA Financial (NYSE:CNA) issued its earnings results on Monday. The insurance provider reported $0.83 EPS for the quarter, missing the consensus estimate of $1.30 by ($0.47), FiscalAI reports. CNA Financial had a return on equity of 12.23% and a net margin of 8.53%.The company had revenue of $3.68 billion for the quarter, compared to analysts’ expectations of $2.93 billion.

CNA Financial Price Performance

NYSE:CNA opened at $48.04 on Monday. CNA Financial has a 12-month low of $43.29 and a 12-month high of $50.72. The firm has a market cap of $12.97 billion, a price-to-earnings ratio of 10.24, a price-to-earnings-growth ratio of 6.92 and a beta of 0.35. The company’s 50-day moving average is $47.23 and its two-hundred day moving average is $46.88. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.26.

CNA Financial Announces Dividend

The company also recently announced an annual dividend, which was paid on Thursday, March 12th. Shareholders of record on Monday, February 23rd were issued a $2.00 dividend. This represents a yield of 409.0%. The ex-dividend date was Monday, February 23rd. CNA Financial’s dividend payout ratio is 40.94%.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Weiss Ratings upgraded shares of CNA Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, February 5th. Wall Street Zen lowered shares of CNA Financial from a “buy” rating to a “hold” rating in a research report on Sunday, February 15th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, CNA Financial has an average rating of “Moderate Buy”.

Insider Activity at CNA Financial

In related news, SVP Jeffrey John Neuenschwander sold 3,287 shares of the company’s stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $45.97, for a total transaction of $151,103.39. Following the transaction, the senior vice president owned 7,277 shares of the company’s stock, valued at approximately $334,523.69. This represents a 31.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.29% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Parallel Advisors LLC increased its stake in CNA Financial by 39.8% in the fourth quarter. Parallel Advisors LLC now owns 6,306 shares of the insurance provider’s stock valued at $301,000 after purchasing an additional 1,795 shares during the last quarter. Armistice Capital LLC acquired a new stake in CNA Financial in the 4th quarter worth about $300,000. Sherbrooke Park Advisers LLC acquired a new stake in CNA Financial in the 3rd quarter worth about $292,000. Meeder Asset Management Inc. purchased a new stake in CNA Financial in the 4th quarter valued at about $292,000. Finally, Royal Bank of Canada grew its holdings in CNA Financial by 34.8% in the 4th quarter. Royal Bank of Canada now owns 6,119 shares of the insurance provider’s stock valued at $292,000 after buying an additional 1,578 shares during the period. Hedge funds and other institutional investors own 98.45% of the company’s stock.

About CNA Financial

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.