CNA Financial Is On The Road To Be Valued At $50 Per Share With An Attractive 6% Implied Dividend Yield [Seeking Alpha]
CNA Financial Corporation (CNA)
Last cna financial corporation earnings: 2/10 06:00 am
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US:NYSE Investor Relations:
investor.cna.com
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Source: Seeking Alpha
Summary Executive Summary On the 5th of November, CNA Financial ( CNA ) reported its quarterly results for the third quarter of the year. Experiencing lower catastrophe losses than the same period last year, the core income grew by about 83% to $305 million in Q3 2018. On a year-to-date basis, the net profit rose by 32.7% to $897 million, benefiting from a lower corporate tax rate and lower catastrophe losses. Furthermore, CNA Financial declared a quarterly dividend of $0.35 per share, in line with previous. Hence, the P&C insurer continued to reward its shareholders. With a safe and attractive dividend, a continuous improvement in the underwriting margins, CNA Financial is on the road to be valued by Mr. Market at $50 per share, or 1.2 times the actual book value per share. In my opinion, I still consider that a stock price equal to 1.0 times the book value is a fair price, regarding the historical valuation ratio average and because of the underlying risks of the company.
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CNA
News
- CNA Financial Co. (NYSE: CNA) had its price target raised by analysts at Keefe, Bruyette & Woods from $48.00 to $50.00. They now have a "market perform" rating on the stock.MarketBeat
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- SHAREHOLDER ALERT: Purcell & Lefkowitz LLP Announces Shareholder Investigation of CNA Financial Corporation (NYSE: CNA)PR Newswire
- CNA Financial (CNA) Down 4.9% Since Last Earnings Report: Can It Rebound? [Yahoo! Finance]Yahoo! Finance
CNA
Earnings
- 2/5/24 - Beat
CNA
Sec Filings
- 3/22/24 - Form ARS
- 3/22/24 - Form DEF
- 3/19/24 - Form 4
- CNA's page on the SEC website