CNA Financial Corporation (CNA) Receiving Somewhat Favorable Media Coverage, Report Shows
News coverage about CNA Financial Corporation (NYSE:CNA) has been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. CNA Financial Corporation earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned media coverage about the insurance provider an impact score of 46.2570217439809 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news headlines that may have effected Accern Sentiment’s rankings:
- Cna Financial : The Institutes RiskBlock Alliance Conducts Workshop To Promote Blockchain in Insurance (4-traders.com)
- Insider Selling: CNA Financial Corporation (CNA) CFO Sells 23,450 Shares of Stock (americanbankingnews.com)
- Zacks: CNA Financial Corporation (CNA) Given $48.33 Consensus Price Target by Analysts (americanbankingnews.com)
- Head-To-Head Comparison: James River Group Holdings (JRVR) versus CNA Financial Corporation (NYSE:CNA) (americanbankingnews.com)
- IHS Markit Score Update: Drop in demand for ETFs holding Cna Financial Corp is a negative sign for its shares (finance.yahoo.com)
Shares of CNA Financial Corporation (NYSE:CNA) traded down 0.51% during trading on Tuesday, hitting $52.45. The stock had a trading volume of 138,141 shares. CNA Financial Corporation has a 52-week low of $32.03 and a 52-week high of $53.67. The firm has a market cap of $14.21 billion, a PE ratio of 12.76 and a beta of 1.23. The stock has a 50 day moving average of $50.34 and a 200 day moving average of $45.99.
CNA Financial Corporation (NYSE:CNA) last announced its earnings results on Monday, July 31st. The insurance provider reported $0.88 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.13. CNA Financial Corporation had a net margin of 11.72% and a return on equity of 8.40%. The business had revenue of $2.32 billion during the quarter, compared to the consensus estimate of $2.35 billion. During the same quarter last year, the firm earned $0.77 earnings per share. On average, equities analysts anticipate that CNA Financial Corporation will post $3.41 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 30th. Investors of record on Monday, August 14th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $1.20 annualized dividend and a dividend yield of 2.29%. This is an increase from CNA Financial Corporation’s previous quarterly dividend of $0.25. CNA Financial Corporation’s dividend payout ratio (DPR) is 29.20%.
A number of research firms have issued reports on CNA. BidaskClub upgraded CNA Financial Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, August 9th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $50.00 price target on shares of CNA Financial Corporation in a research note on Thursday, August 3rd. Zacks Investment Research downgraded CNA Financial Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Finally, Deutsche Bank AG downgraded CNA Financial Corporation from a “buy” rating to a “hold” rating and lifted their price target for the company from $45.00 to $46.00 in a research note on Tuesday, May 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $47.00.
In related news, CFO D Craig Mense sold 23,450 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $52.66, for a total transaction of $1,234,877.00. Following the completion of the sale, the chief financial officer now owns 130,548 shares of the company’s stock, valued at $6,874,657.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.53% of the stock is owned by company insiders.
CNA Financial Corporation Company Profile
CNA Financial Corporation is an insurance holding company. The Company’s segments include Specialty, Commercial, International, Life & Group Non-Core, and Corporate & Other Non-Core. Its Specialty segment provides a range of professional, financial, and specialty property, and casualty products and services.
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