CNA Financial Corporation (CNA) to Issue Quarterly Dividend of $0.30
CNA Financial Corporation (NYSE:CNA) declared a quarterly dividend on Friday, October 27th, NASDAQ reports. Shareholders of record on Monday, November 13th will be paid a dividend of 0.30 per share by the insurance provider on Wednesday, November 29th. This represents a $1.20 annualized dividend and a yield of 2.18%. The ex-dividend date of this dividend is Friday, November 10th.
CNA Financial Corporation has increased its dividend by an average of 7.7% annually over the last three years. CNA Financial Corporation has a dividend payout ratio of 39.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect CNA Financial Corporation to earn $3.42 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 35.1%.
CNA Financial Corporation (NYSE CNA) opened at $54.98 on Friday. CNA Financial Corporation has a 52-week low of $35.67 and a 52-week high of $55.33. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.24 and a current ratio of 0.23. The stock has a market cap of $14,909.31, a price-to-earnings ratio of 17.45, a price-to-earnings-growth ratio of 3.59 and a beta of 1.34.
CNA Financial Corporation (NYSE:CNA) last issued its quarterly earnings data on Monday, October 30th. The insurance provider reported $0.58 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by ($0.27). CNA Financial Corporation had a return on equity of 7.14% and a net margin of 9.67%. The business had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.37 billion. During the same period in the previous year, the business posted $1.15 earnings per share. equities analysts anticipate that CNA Financial Corporation will post 3.07 earnings per share for the current fiscal year.
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In other news, CFO D Craig Mense sold 23,450 shares of CNA Financial Corporation stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $52.66, for a total value of $1,234,877.00. Following 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 SEC, which can be accessed through this hyperlink. 0.53% of the stock is owned by insiders.
Several research analysts have issued reports on the stock. Zacks Investment Research raised shares of CNA Financial Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $55.00 target price on shares of CNA Financial Corporation in a report on Wednesday. ValuEngine downgraded shares of CNA Financial Corporation from a “strong-buy” rating to a “buy” rating in a report on Monday, October 2nd. Finally, BidaskClub downgraded shares of CNA Financial Corporation from a “buy” rating to a “hold” rating in a report on Friday, August 25th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. CNA Financial Corporation has a consensus rating of “Hold” and a consensus target price of $46.67.
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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