Stock News Spotlight: CNA Financial Corporation (NYSE:CNA)

CNA Financial Corporation (NYSE:CNA) stock identified change of 25.38% away from 52-week low price and recently located move of 0.67% off 52-week high price. It has market worth of $13.84BM and dividend yield of 2.76%. CNA stock has been recorded 13.44% away from 50 day moving average and 9.82% away from 200 day moving average. Moving closer, we can see that shares have been trading 11.86% off 20-day moving average.

On Feb.10, 2020, CNA Financial Corporation (NYSE:CNA) revealed fourth quarter 2019 net income of $273 million, or $1.00 per share, and core income of $265 million, or $0.97 per share.   Net income for the full year 2019 was $1.0 billion, or $3.67 per share, and core income was $979 million, or $3.59 per share.  Property & Casualty Operations combined ratio for the fourth quarter was 95.6% and the underlying combined ratio was 94.9%.  Net investment income, after tax, was $443 million for the fourth quarter of 2019, including $56 million from limited partnership and common stock investments.

Excluding third party captives, Property & Casualty Operations generated gross written premium growth of 8% and net written premium growth of 6% for the fourth quarter of 2019.

Our Life & Group and Corporate & Other segments produced core losses for the fourth quarter of 2019 of $(4) million and $(68) million, respectively, with the latter driven by a $48 million after-tax non-economic charge related to asbestos and environmental pollution.

The Financial sector company, CNA Financial Corporation noticed change of 8.45% to $50.81 along volume of 502018 shares in recent session compared to an average volume of 196.54K. The stock observed return of 11.77% in 5 days trading activity. The stock was at 12.56% over one month performance. CNA’s shares are at 13.90% for the quarter and driving a 14.17% return over the course of the past year and is now at 13.39% since this point in 2018.

The average volatility for the week at 2.08% and for month was at 1.78%. There are 272.46M shares outstanding and 270.83M shares are floated in market. Right now the stock beta is 0.77.

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