Cna Financial (CNA) Issues Quarterly Earnings Results

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Cna Financial (NYSE:CNA) released its earnings results on Monday. The insurance provider reported $1.17 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.10, MarketWatch Earnings reports. Cna Financial had a return on equity of 8.43% and a net margin of 9.32%. The firm had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.59 billion. During the same period in the prior year, the company earned $0.58 earnings per share.

Shares of CNA opened at $47.19 on Wednesday. Cna Financial has a 52 week low of $41.92 and a 52 week high of $55.62. The firm has a market capitalization of $11.88 billion, a PE ratio of 13.96, a PEG ratio of 2.08 and a beta of 1.05. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.25 and a quick ratio of 0.25.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 5th. Stockholders of record on Monday, November 19th will be paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date of this dividend is Friday, November 16th. Cna Financial’s payout ratio is 41.42%.

Several research firms have weighed in on CNA. Zacks Investment Research upgraded Cna Financial from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a research note on Monday, October 15th. ValuEngine cut Cna Financial from a “hold” rating to a “sell” rating in a research note on Friday, August 3rd.

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Cna Financial Company Profile

CNA Financial Corporation provides commercial property and casualty insurance products primarily in the United States. It operates through Specialty, Commercial, International, Life & Group, and Corporate & Other segments. The company's property insurance products include property, marine, boiler, and machinery coverages; and casualty insurance products comprise workers compensation, general and product liability, commercial auto, and umbrella coverages.

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Earnings History for Cna Financial (NYSE:CNA)

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