CNA Financial (CNA) Projected to Post Earnings on Monday

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

CNA Financial (NYSE:CNA) last announced its earnings results on Monday, November 4th. The insurance provider reported $1.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.01. CNA Financial had a return on equity of 13.30% and a net margin of 9.26%. The firm had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.15 billion. During the same quarter in the prior year, the business earned $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 Trading Up 1.2 %

NYSE:CNA opened at $48.70 on Monday. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.28. The company’s 50 day moving average is $48.60 and its 200-day moving average is $48.96. The firm has a market cap of $13.19 billion, a price-to-earnings ratio of 10.15, a P/E/G ratio of 6.02 and a beta of 0.67. CNA Financial has a 12 month low of $42.33 and a 12 month high of $52.36.

CNA Financial Dividend Announcement

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

Wall Street Analyst Weigh In

CNA has been the topic of a number of research analyst reports. Bank of America raised their target price on CNA Financial from $45.00 to $48.00 and gave the company an “underperform” rating in a report on Thursday, October 10th. StockNews.com raised shares of CNA Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, November 13th. Finally, Keefe, Bruyette & Woods reduced their price target on shares of CNA Financial from $55.00 to $54.00 and set a “market perform” rating for the company in a report on Friday, January 10th.

Insiders Place Their Bets

In related news, EVP Douglas Worman sold 22,973 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $48.75, for a total value of $1,119,933.75. Following the sale, the executive vice president now 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 legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.30% of the company’s stock.

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.