Brokerages Anticipate CNA Financial Corporation (NYSE:CNA) to Announce $0.87 Earnings Per Share
Shares of CNA Financial Corporation (NYSE:CNA) have received a consensus broker rating score of 2.67 (Hold) from the six brokers that cover the stock, Zacks Investment Research reports. Five research analysts have rated the stock with a hold recommendation and one has given a strong buy recommendation to the company.
Brokerages have set a 1-year consensus price objective of $48.33 for the company and are forecasting that the company will post $0.87 EPS for the current quarter, according to Zacks. Zacks has also assigned CNA Financial Corporation an industry rank of 183 out of 265 based on the ratings given to related companies.
Several analysts have commented on CNA shares. 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. Deutsche Bank AG downgraded shares of CNA Financial Corporation from a “buy” rating to a “hold” rating and raised their target price for the stock from $45.00 to $46.00 in a report on Tuesday, May 2nd.
Hedge funds have recently bought and sold shares of the stock. Parametric Portfolio Associates LLC increased its stake in CNA Financial Corporation by 21.1% in the second quarter. Parametric Portfolio Associates LLC now owns 169,005 shares of the insurance provider’s stock worth $8,239,000 after buying an additional 29,421 shares during the period. California Public Employees Retirement System increased its stake in CNA Financial Corporation by 1.4% in the second quarter. California Public Employees Retirement System now owns 118,740 shares of the insurance provider’s stock worth $5,789,000 after buying an additional 1,600 shares during the period. Citigroup Inc. increased its stake in CNA Financial Corporation by 3.7% in the second quarter. Citigroup Inc. now owns 17,029 shares of the insurance provider’s stock worth $830,000 after buying an additional 606 shares during the period. UBS Asset Management Americas Inc. increased its stake in CNA Financial Corporation by 5.2% in the second quarter. UBS Asset Management Americas Inc. now owns 8,415 shares of the insurance provider’s stock worth $410,000 after buying an additional 415 shares during the period. Finally, Arrow Investment Advisors LLC acquired a new stake in CNA Financial Corporation during the second quarter worth about $722,000. Institutional investors own 99.55% of the company’s stock.
Shares of CNA Financial Corporation (CNA) opened at 52.72 on Friday. CNA Financial Corporation has a 12-month low of $32.03 and a 12-month high of $53.67. The stock’s 50 day moving average is $50.08 and its 200-day moving average is $45.79. The firm has a market cap of $14.29 billion, a price-to-earnings ratio of 12.83 and a beta of 1.23.
CNA Financial Corporation (NYSE:CNA) last announced its earnings results on Monday, July 31st. The insurance provider reported $0.88 EPS for the quarter, topping the consensus estimate of $0.75 by $0.13. The firm had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.35 billion. CNA Financial Corporation had a net margin of 11.72% and a return on equity of 8.40%. During the same period last year, the company posted $0.77 EPS. On average, analysts anticipate that CNA Financial Corporation will post $3.44 EPS for the current fiscal year.
The firm 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 $0.30 dividend. The ex-dividend date of this dividend is Thursday, August 10th. This is an increase from CNA Financial Corporation’s previous quarterly dividend of $0.25. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.28%. CNA Financial Corporation’s dividend payout ratio (DPR) is 29.20%.
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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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