Langen Mcalenn Comments on CNA Financial Corporation’s Q3 2018 Earnings (NYSE:CNA)
CNA Financial Corporation (NYSE:CNA) – Investment analysts at Langen Mcalenn upped their Q3 2018 earnings per share estimates for shares of CNA Financial Corporation in a research report issued on Tuesday. Langen Mcalenn analyst R. Glasspiegel now expects that the insurance provider will post earnings per share of $1.06 for the quarter, up from their previous estimate of $1.04.
CNA has been the topic of several other research reports. Zacks Investment Research upgraded shares of CNA Financial Corporation from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a report on Tuesday, April 18th. BidaskClub lowered shares of CNA Financial Corporation from a “buy” rating to a “hold” rating in a report on Monday. Finally, Deutsche Bank AG lowered shares of CNA Financial Corporation from a “buy” rating to a “hold” rating and upped their price objective for the company from $45.00 to $46.00 in a report on Tuesday, May 2nd. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. The company has a consensus rating of “Hold” and an average target price of $47.00.
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CNA Financial Corporation (NYSE:CNA) traded up 0.63% during mid-day trading on Thursday, hitting $53.07. 177,735 shares of the company were exchanged. The company has a market capitalization of $14.38 billion, a P/E ratio of 12.92 and a beta of 1.23. The company’s 50-day moving average is $48.97 and its 200 day moving average is $45.19. CNA Financial Corporation has a 12-month low of $31.59 and a 12-month high of $53.13.
CNA Financial Corporation (NYSE:CNA) last released its quarterly earnings data on Monday, July 31st. The insurance provider reported $0.88 EPS for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.13. CNA Financial Corporation had a net margin of 11.72% and a return on equity of 8.40%. The business had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.35 billion. During the same quarter in the prior year, the company earned $0.77 EPS.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 30th. Stockholders of record on Monday, August 14th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $1.20 annualized dividend and a dividend yield of 2.26%. This is a positive change from CNA Financial Corporation’s previous quarterly dividend of $0.25. CNA Financial Corporation’s dividend payout ratio is currently 24.33%.
Several institutional investors have recently made changes to their positions in the stock. Parallel Advisors LLC raised its position in shares of CNA Financial Corporation by 16.5% in the first quarter. Parallel Advisors LLC now owns 3,021 shares of the insurance provider’s stock valued at $136,000 after buying an additional 427 shares in the last quarter. Neuburgh Advisers LLC bought a new position in shares of CNA Financial Corporation during the first quarter valued at $144,000. SG Americas Securities LLC raised its position in shares of CNA Financial Corporation by 6.1% in the first quarter. SG Americas Securities LLC now owns 3,914 shares of the insurance provider’s stock valued at $173,000 after buying an additional 224 shares in the last quarter. Mckinley Capital Management LLC Delaware bought a new position in shares of CNA Financial Corporation during the first quarter valued at $173,000. Finally, Glen Harbor Capital Management LLC bought a new position in shares of CNA Financial Corporation during the first quarter valued at $197,000. Hedge funds and other institutional investors own 99.55% of the company’s stock.
CNA Financial Corporation Company Profile
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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