Cna Financial Corp (NYSE:CNA) declared a quarterly dividend on Tuesday, February 13th, Wall Street Journal reports. Shareholders of record on Monday, February 26th will be given a dividend of 0.30 per share by the insurance provider on Wednesday, March 14th. This represents a $1.20 annualized dividend and a yield of 2.30%. The ex-dividend date is Friday, February 23rd.
Cna Financial has increased its dividend payment by an average of 3.2% annually over the last three years. Cna Financial has a dividend payout ratio of 39.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Cna Financial to earn $3.77 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 31.8%.
Cna Financial (NYSE CNA) traded up $0.57 on Tuesday, reaching $52.11. The company’s stock had a trading volume of 410,276 shares, compared to its average volume of 247,346. The firm has a market capitalization of $13,341.90, a price-to-earnings ratio of 15.15, a price-to-earnings-growth ratio of 2.61 and a beta of 1.23. Cna Financial has a 52 week low of $40.76 and a 52 week high of $55.62. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.23 and a current ratio of 0.23.
Several research analysts have commented on CNA shares. Zacks Investment Research raised Cna Financial from a “hold” rating to a “buy” rating and set a $59.00 price target on the stock in a research report on Thursday, January 4th. ValuEngine lowered Cna Financial from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $55.00 price target on shares of Cna Financial in a research report on Wednesday, November 1st. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $53.33.
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About Cna Financial
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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