Cna Financial Corp (NYSE:CNA) announced a quarterly dividend on Monday, May 1st. Shareholders of record on Monday, May 15th will be given a dividend of 0.25 per share by the insurance provider on Wednesday, May 31st. This represents a $1.00 annualized dividend and a yield of 2.27%. The ex-dividend date of this dividend is Thursday, May 11th.
Cna Financial Corp has raised its dividend payment by an average of 7.7% annually over the last three years. Cna Financial Corp has a dividend payout ratio of 30.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Cna Financial Corp to earn $3.32 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 30.1%.
Cna Financial Corp (NYSE:CNA) traded down 0.61% during mid-day trading on Friday, reaching $44.09. The company’s stock had a trading volume of 203,977 shares. The firm has a 50 day moving average price of $44.54 and a 200-day moving average price of $42.10. The company has a market capitalization of $11.95 billion, a PE ratio of 11.34 and a beta of 1.12. Cna Financial Corp has a 1-year low of $29.38 and a 1-year high of $46.44.
Cna Financial Corp (NYSE:CNA) last posted its quarterly earnings results on Monday, May 1st. The insurance provider reported $0.87 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.08. The company had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $2.02 billion. Cna Financial Corp had a return on equity of 7.43% and a net margin of 9.17%. The firm’s quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.64 EPS. On average, equities analysts predict that Cna Financial Corp will post $3.39 EPS for the current fiscal year.
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In related news, Director Joseph Rosenberg sold 15,000 shares of the firm’s stock in a transaction on Wednesday, May 3rd. The stock was sold at an average price of $45.02, for a total transaction of $675,300.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Dino Robusto bought 12,000 shares of the stock in a transaction on Tuesday, February 21st. The shares were purchased at an average price of $41.84 per share, with a total value of $502,080.00. Following the acquisition, the chief executive officer now owns 12,000 shares in the company, valued at approximately $502,080. The disclosure for this purchase can be found here. Company insiders own 0.52% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. State Street Corp boosted its position in shares of Cna Financial Corp by 3.4% in the first quarter. State Street Corp now owns 324,656 shares of the insurance provider’s stock valued at $14,345,000 after buying an additional 10,812 shares during the last quarter. Morgan Stanley boosted its position in shares of Cna Financial Corp by 16.7% in the first quarter. Morgan Stanley now owns 76,584 shares of the insurance provider’s stock valued at $3,382,000 after buying an additional 10,933 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Cna Financial Corp by 3.9% in the first quarter. Vanguard Group Inc. now owns 550,006 shares of the insurance provider’s stock valued at $24,294,000 after buying an additional 20,462 shares during the last quarter. Finally, Teachers Advisors LLC boosted its position in shares of Cna Financial Corp by 10.6% in the first quarter. Teachers Advisors LLC now owns 32,431 shares of the insurance provider’s stock valued at $1,432,000 after buying an additional 3,114 shares during the last quarter. Institutional investors own 99.12% of the company’s stock.
A number of research analysts have recently weighed in on the company. Zacks Investment Research raised Cna Financial Corp from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a research note on Tuesday, April 18th. Deutsche Bank AG downgraded Cna Financial Corp from a “buy” rating to a “hold” rating and increased their price target for the company from $45.00 to $46.00 in a research note on Tuesday, May 2nd.
Cna Financial Corp 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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