CNA Financial Co. (CNA) to Issue Quarterly Dividend of $0.44 on June 6th

CNA Financial Co. (NYSE:CNA) announced a quarterly dividend on Monday, May 6th, Zacks reports. Investors of record on Monday, May 20th will be paid a dividend of 0.44 per share by the insurance provider on Thursday, June 6th. This represents a $1.76 annualized dividend and a dividend yield of 3.99%. The ex-dividend date is Friday, May 17th. This is an increase from CNA Financial’s previous quarterly dividend of $0.42.

CNA Financial has increased its dividend by an average of 4.3% annually over the last three years. CNA Financial has a dividend payout ratio of 33.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect CNA Financial to earn $5.00 per share next year, which means the company should continue to be able to cover its $1.76 annual dividend with an expected future payout ratio of 35.2%.

CNA Financial Trading Down 0.9 %

Shares of CNA Financial stock opened at $44.16 on Wednesday. The firm has a market capitalization of $11.96 billion, a PE ratio of 9.97, a price-to-earnings-growth ratio of 1.76 and a beta of 0.63. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.25. The firm’s 50 day moving average is $44.05 and its 200 day moving average is $42.99. CNA Financial has a 1 year low of $36.41 and a 1 year high of $47.37.

CNA Financial (NYSE:CNA) last posted its earnings results on Monday, May 6th. The insurance provider reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.37 by ($0.07). CNA Financial had a return on equity of 14.33% and a net margin of 9.06%. The business had revenue of $3.44 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same period in the previous year, the firm earned $1.19 earnings per share. Equities research analysts forecast that CNA Financial will post 5.03 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Bank of America lowered shares of CNA Financial from a “neutral” rating to an “underperform” rating and boosted their target price for the stock from $39.00 to $43.00 in a report on Tuesday, February 6th. StockNews.com raised shares of CNA Financial from a “hold” rating to a “buy” rating in a report on Wednesday, February 14th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of CNA Financial from $48.00 to $50.00 and gave the stock a “market perform” rating in a report on Wednesday, April 10th.

CNA Financial Company Profile

CNA Financial Corporation provides commercial property and casualty insurance products in the United States and internationally. It operates through Specialty, Commercial, International, Life & Group, and Corporate & Other segments. The company 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 and cyber 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 casualty coverages for healthcare industry; surety and fidelity bonds; and warranty and alternative risks products.