Cna Financial (NYSE:CNA) Issues Quarterly Earnings Results

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Cna Financial (NYSE:CNA) posted its earnings results on Monday. The insurance provider reported $1.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.06, Briefing.com reports. Cna Financial had a net margin of 8.39% and a return on equity of 7.74%. During the same quarter last year, the company posted $0.99 EPS.

CNA stock opened at $46.31 on Tuesday. The stock’s 50-day moving average price is $47.69. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.24 and a current ratio of 0.24. Cna Financial has a 52-week low of $41.49 and a 52-week high of $48.87. The stock has a market cap of $12.88 billion, a price-to-earnings ratio of 14.94, a P/E/G ratio of 2.30 and a beta of 0.83.

In other news, CEO Dino Robusto sold 1,094 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $45.65, for a total transaction of $49,941.10. Following the sale, the chief executive officer now directly owns 302,384 shares of the company’s stock, valued at approximately $13,803,829.60. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.23% of the company’s stock.

Separately, Zacks Investment Research lowered shares of Cna Financial from a “hold” rating to a “sell” rating and set a $50.00 target price on the stock. in a research note on Tuesday, July 2nd.

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.

Further Reading: NASDAQ

Earnings History for Cna Financial (NYSE:CNA)

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