CNA Financial (CNA) to Release Quarterly Earnings on Monday

CNA Financial (NYSE:CNA) is anticipated to announce its earnings results before the market opens on Monday, February 3rd. Analysts expect the company to announce earnings of $1.11 per share and revenue of $3,628,000.00 billion for the quarter.

CNA Financial (NYSE:CNA) last posted its earnings results on Monday, November 4th. The insurance provider reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.01. The company had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.15 billion. CNA Financial had a net margin of 9.26% and a return on equity of 13.30%. During the same quarter in the previous year, the company posted $1.06 earnings per share. On average, analysts expect CNA Financial to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

CNA Financial Stock Up 1.2 %

NYSE CNA opened at $48.70 on Monday. The stock’s 50 day simple moving average is $48.60 and its 200 day simple moving average is $48.96. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.26 and a quick ratio of 0.26. CNA Financial has a one year low of $42.33 and a one year high of $52.36. The firm has a market cap of $13.19 billion, a PE ratio of 10.15, a price-to-earnings-growth ratio of 6.02 and a beta of 0.67.

CNA Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 5th. Stockholders of record on Monday, November 18th were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 3.61%. The ex-dividend date of this dividend was Monday, November 18th. CNA Financial’s payout ratio is presently 36.67%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. StockNews.com upgraded shares of CNA Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, November 13th. 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 research report on Friday, January 10th. Finally, Bank of America increased their price target on shares of CNA Financial from $45.00 to $48.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th.

Insider Activity at CNA Financial

In related news, EVP Douglas Worman sold 22,973 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $48.75, for a total transaction of $1,119,933.75. Following the completion of the sale, the executive vice president now directly owns 133,777 shares of the company’s stock, valued at $6,521,628.75. The trade was a 14.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.30% of the stock is owned by company insiders.

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.