CNA Financial (NYSE:CNA) Announces Earnings Results, Misses Estimates By $0.07 EPS

CNA Financial (NYSE:CNA - Get Free Report) released its quarterly earnings data on Monday. The insurance provider reported $1.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.37 by ($0.07), Briefing.com reports. The business had revenue of $3.44 billion for the quarter, compared to the consensus estimate of $2.94 billion. CNA Financial had a net margin of 9.06% and a return on equity of 14.33%. During the same quarter in the prior year, the business posted $1.19 earnings per share.

CNA Financial Stock Down 0.9 %

Shares of CNA stock traded down $0.38 during trading hours on Tuesday, reaching $44.16. 262,060 shares of the company's stock were exchanged, compared to its average volume of 216,017. The stock has a market cap of $11.96 billion, a PE ratio of 10.07, a PEG ratio of 1.76 and a beta of 0.63. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.25. The stock's fifty day moving average price is $44.05 and its two-hundred day moving average price is $42.95. CNA Financial has a 1 year low of $36.41 and a 1 year high of $47.37.

CNA Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Monday, May 20th will be paid a $0.44 dividend. The ex-dividend date is Friday, May 17th. This is a boost from CNA Financial's previous quarterly dividend of $0.42. This represents a $1.76 dividend on an annualized basis and a yield of 3.99%. CNA Financial's dividend payout ratio (DPR) is 39.73%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Keefe, Bruyette & Woods increased their target price on CNA Financial from $48.00 to $50.00 and gave the company a "market perform" rating in a research report on Wednesday, April 10th. Bank of America downgraded shares of CNA Financial from a "neutral" rating to an "underperform" rating and boosted their target price for the stock from $39.00 to $43.00 in a report on Tuesday, February 6th. Finally, StockNews.com upgraded shares of CNA Financial from a "hold" rating to a "buy" rating in a report on Wednesday, February 14th.

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.