Notable News to Watch: CNA Financial Corporation (NYSE:CNA)

CNA Financial Corporation (NYSE:CNA) spotted trading -4.87% off 52-week high price. On the other end, the stock has been noted 16.70% away from the low price over the last 52-weeks. The stock changed -1.64% to recent value of $46.31. The stock transacted 309770 shares during most recent day however it has an average volume of 178.37K shares. The company has 271.94M of outstanding shares and 270.78M shares were floated in the market.

On Aug. 5, 2019, CNA Financial Corporation (NYSE:CNA) reported second quarter 2019 net income of $278 million, or $1.02 per share, and core income of $294 million, or $1.08 per share.  Net income for the six months ended June 30, 2019 was $620 million, or $2.28 per share, and core income was $612 million, or $2.25 per share.  Property & Casualty Operations combined ratio for the second quarter was 95.7% and the underlying combined ratio was 94.6%.  Net investment income, after tax, was $420 million for the second quarter of 2019, including $34 million from limited partnership and common stock investments.

The U.S. P&C segments, excluding third party captives, generated gross written premium growth of 10% and net written premium growth of 8% for the second quarter of 2019.  Gross written premium decreased (9)% and net written premium decreased (8)% for the International segment for the second quarter of 2019.

Core income (loss) for the second quarter of 2019 for our Life & Group and Corporate & Other segments was $7 millionand $(11) million, respectively.

CNA Financial declared a quarterly dividend of $0.35 per share, payable September 5, 2019 to stockholders of record on August 19, 2019.

Its earnings per share (EPS) expected to touch remained -17.30% for this year while earning per share for the next 5-years is expected to reach at 6.02%. CNA has a an operating margin of 11.40% while its profit margin remained 8.40% for the last 12 months.

The price moved ahead of -3.43% from the mean of 20 days, -1.73% from mean of 50 days SMA and performed 4.19% from mean of 200 days price. Company’s performance for the week was -3.42%, -3.44% for month and YTD performance remained 9.67%.

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Nattan Brooks

Nattan is a self-taught investor and follows the value investing approach to picking stocks. He possesses over 10 years of investment experience, an M.B.A. from Louisiana State University, and is also certified in Risk Management Assurance. Nattan is a Certified Internal Auditor, Data Miner, and author with a career broadly spanning over multiple business areas. He has exploited those observations and developed investment tactics within a fundamentally sound long-term investment strategy. He currently covers Earnings News category for our site.Address: 4188 Spadafore Drive, Erie, PennsylvaniaPhone number: 814-705-9247Email: [email protected] 

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