CNA Financial Co. (NYSE:CNA) Announces Quarterly Dividend of $0.44

CNA Financial Co. (NYSE:CNA - Get Free Report) announced a quarterly dividend on Monday, November 4th, RTT News reports. Stockholders of record on Monday, November 18th will be given a dividend of 0.44 per share by the insurance provider on Thursday, December 5th. This represents a $1.76 annualized dividend and a dividend yield of 3.76%.

CNA Financial has increased its dividend by an average of 4.3% annually over the last three years. CNA Financial has a payout ratio of 33.7% meaning its dividend is sufficiently covered by earnings. Analysts expect CNA Financial to earn $4.86 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 36.2%.

CNA Financial Stock Down 1.5 %

CNA Financial stock traded down $0.70 during midday trading on Monday, hitting $46.81. 409,226 shares of the stock were exchanged, compared to its average volume of 276,994. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $12.68 billion, a price-to-earnings ratio of 9.94, a price-to-earnings-growth ratio of 3.49 and a beta of 0.65. CNA Financial has a 52-week low of $38.32 and a 52-week high of $52.36. The business's 50-day moving average price is $49.69 and its 200-day moving average price is $47.29.

Analyst Ratings Changes

A number of brokerages recently commented on CNA. Bank of America increased their price target on CNA Financial from $45.00 to $48.00 and gave the company an "underperform" rating in a research report on Thursday, October 10th. Keefe, Bruyette & Woods lifted their target price on CNA Financial from $48.00 to $53.00 and gave the stock a "market perform" rating in a research note on Thursday, August 1st.

Insider Activity

In other news, EVP Mark Steven James sold 18,547 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $50.58, for a total transaction of $938,107.26. Following the completion of the transaction, the executive vice president now directly owns 22,917 shares of the company's stock, valued at $1,159,141.86. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Elizabeth Ann Aguinaga sold 26,160 shares of the company's stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $49.60, for a total transaction of $1,297,536.00. Following the sale, the executive vice president now directly owns 47,744 shares in the company, valued at approximately $2,368,102.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Mark Steven James sold 18,547 shares of the company's stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $50.58, for a total transaction of $938,107.26. Following the sale, the executive vice president now owns 22,917 shares in the company, valued at $1,159,141.86. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 49,151 shares of company stock valued at $2,449,311 in the last three months. Company insiders own 0.30% of the company's stock.

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.