CNA Financial (NYSE:CNA) Announces Quarterly Earnings Results

Key Points

• CNA Financial reported quarterly EPS of $0.75, missing analyst expectations of $1.21 by $0.46. Revenue reached $3.82 billion, exceeding the $3.02 billion consensus estimate.
• The stock opened at $48.64, with a market capitalization of approximately $13.16 billion and a price-to-earnings ratio of 10.69. CNA posted an 11.34% return on equity and an 8.16% net margin.
• Two executives sold shares worth a combined roughly $1.64 million, reducing their holdings by about 24% each. Analyst sentiment remains favorable, with CNA carrying a “Moderate Buy” consensus rating.

CNA Financial (NYSE:CNA - Get Free Report) issued its quarterly earnings data on Monday. The insurance provider reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.21 by ($0.46), FiscalAI reports. The company had revenue of $3.82 billion for the quarter, compared to analyst estimates of $3.02 billion. CNA Financial had a return on equity of 11.34% and a net margin of 8.16%.

CNA Financial Stock Performance

Shares of CNA Financial stock opened at $48.64 on Monday. CNA Financial has a 1 year low of $41.53 and a 1 year high of $55.71. The stock has a market cap of $13.16 billion, a price-to-earnings ratio of 10.69, a PEG ratio of 5.42 and a beta of 0.22. The firm's 50-day moving average is $47.69 and its 200 day moving average is $47.71. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.27 and a quick ratio of 0.27.

Insider Buying and Selling at CNA Financial

In other news, CAO Daniel Franzetti sold 22,656 shares of the company's stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $53.09, for a total value of $1,202,807.04. Following the completion of the sale, the chief accounting officer directly owned 68,032 shares in the company, valued at $3,611,818.88. This represents a 24.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Mark James sold 8,273 shares of the stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $53.15, for a total value of $439,709.95. Following the sale, the executive vice president owned 26,446 shares of the company's stock, valued at $1,405,604.90. This represents a 23.83% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.29% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Zacks Research upgraded shares of CNA Financial from a "strong sell" rating to a "hold" rating in a research report on Thursday, July 16th. Weiss Ratings raised shares of CNA Financial from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, October 16th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, CNA Financial currently has a consensus rating of "Moderate Buy".

About CNA Financial

CNA Financial Corporation NYSE: CNA is a commercial property and casualty insurance company serving businesses, professionals and organizations. Its offerings include commercial property, casualty, workers' compensation, professional liability, management liability, cyber, surety, marine and other specialty insurance products.

The company distributes its products primarily through independent agents, brokers and other insurance intermediaries. CNA serves customers across the United States and Canada, as well as selected international markets, including the United Kingdom and Europe.

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