CNA Financial (NYSE:CNA) Issues Earnings Results, Misses Estimates By $0.47 EPS

Key Points

• CNA Financial reported $0.83 EPS
• The company paid an annual dividend of $2.00 to shareholders of record on Feb. 23 (paid Mar. 12) and has a dividend payout ratio of 40.94%.
• Shares trade near $48 with a market cap of $12.97 billion and a P/E of 10.24; analysts' ratings are mixed but the consensus is a Moderate Buy, and institutional investors own about 98.45% of the stock.

CNA Financial (NYSE:CNA - Get Free Report) announced its quarterly earnings data on Monday. The insurance provider reported $0.83 EPS for the quarter, missing analysts' consensus estimates of $1.30 by ($0.47), FiscalAI reports. The company had revenue of $3.68 billion for the quarter, compared to analysts' expectations of $2.93 billion. CNA Financial had a net margin of 8.53% and a return on equity of 12.23%.

CNA Financial Trading Up 0.0%

Shares of CNA stock opened at $48.04 on Monday. CNA Financial has a 52-week low of $43.29 and a 52-week high of $50.72. The stock has a market cap of $12.97 billion, a price-to-earnings ratio of 10.24, a P/E/G ratio of 6.92 and a beta of 0.35. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.28 and a current ratio of 0.28. The firm has a fifty day moving average of $47.23 and a 200-day moving average of $46.88.

CNA Financial Announces Dividend

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

Insider Activity

In other news, SVP Jeffrey John Neuenschwander sold 3,287 shares of the stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $45.97, for a total value of $151,103.39. Following the completion of the transaction, the senior vice president owned 7,277 shares in the company, valued at approximately $334,523.69. This represents a 31.12% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.29% of the company's stock.

Hedge Funds Weigh In On CNA Financial

A number of hedge funds have recently made changes to their positions in the business. State of Wyoming bought a new stake in shares of CNA Financial in the 2nd quarter worth about $53,000. Quantbot Technologies LP bought a new stake in shares of CNA Financial in the 2nd quarter worth about $55,000. CIBC Private Wealth Group LLC grew its holdings in shares of CNA Financial by 142.7% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,223 shares of the insurance provider's stock worth $57,000 after purchasing an additional 719 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of CNA Financial by 28.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,435 shares of the insurance provider's stock worth $67,000 after purchasing an additional 318 shares during the last quarter. Finally, Federation des caisses Desjardins du Quebec grew its holdings in shares of CNA Financial by 33.3% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 1,952 shares of the insurance provider's stock worth $93,000 after purchasing an additional 488 shares during the last quarter. Institutional investors and hedge funds own 98.45% of the company's stock.

Analyst Upgrades and Downgrades

CNA has been the subject of several recent research reports. Weiss Ratings raised shares of CNA Financial from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, February 5th. Wall Street Zen cut shares of CNA Financial from a "buy" rating to a "hold" rating in a research note on Sunday, February 15th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy".

CNA Financial Company Profile

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.

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