CNA Financial Corporation (NYSE:CNA) Plans Quarterly Dividend of $0.48

CNA Financial Corporation (NYSE:CNA) announced a quarterly dividend on Monday, August 3rd. Shareholders of record on Monday, August 17th will be given a dividend of 0.48 per share by the insurance provider on Thursday, September 3rd. This represents a c) annualized dividend and a yield of 3.6%. The ex-dividend date is Monday, August 17th.

CNA Financial has increased its dividend by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 9 consecutive years. CNA Financial has a payout ratio of 38.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect CNA Financial to earn $4.78 per share next year, which means the company should continue to be able to cover its $1.92 annual dividend with an expected future payout ratio of 40.2%.

CNA Financial Trading Up 1.9%

Shares of NYSE:CNA opened at $53.48 on Tuesday. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.27. CNA Financial has a 52-week low of $41.53 and a 52-week high of $55.71. The stock has a market cap of $14.47 billion, a price-to-earnings ratio of 11.97, a PEG ratio of 7.17 and a beta of 0.28. The business has a 50-day moving average price of $48.31 and a 200-day moving average price of $47.39.

CNA Financial (NYSE:CNA) last issued its quarterly earnings results on Monday, August 3rd. The insurance provider reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.11. CNA Financial had a net margin of 8.08% and a return on equity of 11.57%. The company had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $2.97 billion. During the same quarter in the prior year, the company earned $1.23 EPS. Equities analysts predict that CNA Financial will post 4.09 EPS for the current year.

Hedge Funds Weigh In On CNA Financial

Several institutional investors have recently modified their holdings of CNA. Lloyd Advisory Services LLC. acquired a new stake in shares of CNA Financial in the fourth quarter valued at $25,000. State of Wyoming purchased a new stake in CNA Financial during the 2nd quarter worth about $53,000. Quantbot Technologies LP purchased a new position in shares of CNA Financial in the 2nd quarter valued at about $55,000. CIBC Private Wealth Group LLC boosted its stake in shares of CNA Financial by 142.7% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,223 shares of the insurance provider’s stock valued at $57,000 after buying an additional 719 shares during the period. Finally, EverSource Wealth Advisors LLC grew its position in shares of CNA Financial by 28.5% during the second quarter. EverSource Wealth Advisors LLC now owns 1,435 shares of the insurance provider’s stock worth $67,000 after buying an additional 318 shares in the last quarter. Institutional investors and hedge funds own 98.45% of the company’s stock.

About CNA Financial

CNA Financial Corporation is a leading U.S.-based commercial property and casualty insurance company offering a broad portfolio of risk management and insurance solutions. The company underwrites coverage for businesses of all sizes across a variety of industry sectors, including manufacturing, healthcare, energy, technology, construction and real estate. In addition to core property and casualty insurance, CNA delivers specialized products such as surety bonds, professional liability, environmental liability and commercial auto coverage.

Headquartered in Chicago, Illinois, CNA traces its origins to the founding of Continental Casualty Company in 1897.