CNA Financial Corp. Announces Quarterly Dividend of $0.20 (CNA)
CNA Financial Corp. (NYSE:CNA) declared a quarterly dividend on Tuesday, October 29th, Stock Ratings Network.com reports. Stockholders of record on Tuesday, November 12th will be given a dividend of $0.20 per share on Tuesday, November 26th. This represents a $0.80 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend is Thursday, November 7th.
A number of research firms have recently commented on CNA. Analysts at Zacks downgraded shares of CNA Financial Corp. from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, October 22nd. They now have a $41.90 price target on the stock. On a related note, analysts at TheStreet upgraded shares of CNA Financial Corp. from a “hold” rating to a “buy” rating in a research note to investors on Tuesday, October 22nd. Finally, analysts at TheStreet upgraded shares of CNA Financial Corp. from a “hold” rating to a “buy” rating in a research note to investors on Monday, October 14th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. CNA Financial Corp. presently has an average rating of “Buy” and a consensus target price of $39.30.
CNA Financial Corp. (NYSE:CNA) traded up 0.15% on Tuesday, hitting $40.61. 142,189 shares of the company’s stock traded hands. CNA Financial Corp. has a 1-year low of $25.95 and a 1-year high of $37.48. The stock has a 50-day moving average of $35.8 and a 200-day moving average of $33.75. The company has a market cap of $10.952 billion and a P/E ratio of 16.69.
CNA Financial Corp. (NYSE:CNA) last released its earnings data on Monday, October 28th. The company reported $1.00 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.74 by $0.26. The company had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.53 billion. During the same quarter last year, the company posted $0.80 earnings per share. CNA Financial Corp.’s revenue was up 1.8% compared to the same quarter last year. Analysts expect that CNA Financial Corp. will post $3.18 EPS for the current fiscal year.
CNA Financial Corporation (NYSE:CNA) is an insurance holding company.
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