Cna Financial Corp (NYSE:CNA) declared a quarterly dividend on Friday, August 2nd, NASDAQ reports. Shareholders of record on Monday, August 19th will be given a dividend of 0.35 per share by the insurance provider on Thursday, September 5th. This represents a $1.40 dividend on an annualized basis and a yield of 2.95%. The ex-dividend date is Friday, August 16th.
Cna Financial has increased its dividend payment by an average of 9.1% annually over the last three years and has raised its dividend annually for the last 2 consecutive years. Cna Financial has a dividend payout ratio of 33.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Cna Financial to earn $4.07 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 34.4%.
CNA traded down $0.68 during midday trading on Wednesday, reaching $47.40. The company had a trading volume of 74 shares, compared to its average volume of 229,925. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $13.09 billion, a PE ratio of 15.33, a PEG ratio of 2.30 and a beta of 0.83. Cna Financial has a 12-month low of $41.49 and a 12-month high of $48.87. The business’s 50-day moving average price is $47.77.
Cna Financial (NYSE:CNA) last released its earnings results on Monday, August 5th. The insurance provider reported $1.08 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.02 by $0.06. The firm had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.35 billion. Cna Financial had a net margin of 8.44% and a return on equity of 7.83%. During the same period in the previous year, the company earned $0.99 earnings per share. Analysts anticipate that Cna Financial will post 4.18 EPS for the current year.
Separately, Zacks Investment Research cut shares of Cna Financial from a “hold” rating to a “sell” rating and set a $49.00 target price on the stock. in a research note on Tuesday, August 6th.
About Cna Financial
CNA Financial Corporation provides commercial property and casualty insurance products primarily in the United States. It 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 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 standard property and casualty coverages for healthcare industry; surety and fidelity bonds; and warranty and alternative risks products.
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