CNA Financial Co. (NYSE:CNA) Declares Quarterly Dividend of $0.44

CNA Financial Co. (NYSE:CNA - Get Free Report) announced a quarterly dividend on Monday, May 6th, Zacks reports. Stockholders of record on Monday, May 20th will be paid a dividend of 0.44 per share by the insurance provider on Thursday, June 6th. This represents a $1.76 annualized dividend and a dividend yield of 3.99%. The ex-dividend date of this dividend is Friday, May 17th. This is an increase from CNA Financial's previous quarterly dividend of $0.42.

CNA Financial has increased its dividend by an average of 4.3% annually over the last three years. CNA Financial has a payout ratio of 33.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect CNA Financial to earn $5.00 per share next year, which means the company should continue to be able to cover its $1.76 annual dividend with an expected future payout ratio of 35.2%.

CNA Financial Stock Performance

Shares of NYSE CNA traded down $0.38 during midday trading on Tuesday, reaching $44.16. The company's stock had a trading volume of 262,060 shares, compared to its average volume of 216,017. The stock has a market capitalization of $11.96 billion, a P/E ratio of 10.07, a PEG ratio of 1.76 and a beta of 0.63. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.26 and a quick ratio of 0.26. The firm has a 50 day moving average price of $44.05 and a 200-day moving average price of $42.95. CNA Financial has a 12-month low of $36.41 and a 12-month high of $47.37.

CNA Financial (NYSE:CNA - Get Free Report) last posted its quarterly earnings data on Monday, May 6th. The insurance provider reported $1.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.37 by ($0.07). CNA Financial had a return on equity of 14.33% and a net margin of 9.06%. The company had revenue of $3.44 billion for the quarter, compared to analysts' expectations of $2.94 billion. During the same quarter last year, the business posted $1.19 EPS. As a group, equities analysts predict that CNA Financial will post 5.03 earnings per share for the current year.

Wall Street Analyst Weigh In

CNA has been the topic of a number of research reports. Keefe, Bruyette & Woods boosted their price objective on CNA Financial from $48.00 to $50.00 and gave the company a "market perform" rating in a research note on Wednesday, April 10th. StockNews.com raised shares of CNA Financial from a "hold" rating to a "buy" rating in a report on Wednesday, February 14th. Finally, Bank of America cut shares of CNA Financial from a "neutral" rating to an "underperform" rating and boosted their target price for the company from $39.00 to $43.00 in a report on Tuesday, February 6th.

CNA Financial Company Profile

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.