Cna Financial (NYSE:CNA) issued its quarterly earnings results on Monday. The insurance provider reported $1.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.07 by $0.10, MarketWatch Earnings reports. The company had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.59 billion. Cna Financial had a net margin of 9.32% and a return on equity of 8.43%. During the same period in the previous year, the firm earned $0.58 EPS.
NYSE CNA traded down $0.29 during trading on Tuesday, hitting $47.19. 269,079 shares of the company’s stock traded hands, compared to its average volume of 230,732. The company has a market cap of $11.88 billion, a PE ratio of 13.96, a price-to-earnings-growth ratio of 2.08 and a beta of 1.05. Cna Financial has a 12-month low of $41.92 and a 12-month high of $55.62. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.23.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 5th. Shareholders of record on Monday, November 19th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.97%. The ex-dividend date of this dividend is Friday, November 16th. Cna Financial’s dividend payout ratio (DPR) is presently 41.42%.
A number of equities analysts recently weighed in on the stock. Zacks Investment Research raised shares of Cna Financial from a “sell” rating to a “hold” rating in a report on Tuesday, October 9th. ValuEngine downgraded shares of Cna Financial from a “hold” rating to a “sell” rating in a report 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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