$0.78 Earnings Per Share Expected for CNA Financial Corporation (CNA) This Quarter
Analysts expect CNA Financial Corporation (NYSE:CNA) to post $0.78 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for CNA Financial Corporation’s earnings, with the lowest EPS estimate coming in at $0.72 and the highest estimate coming in at $0.86. CNA Financial Corporation posted earnings of $0.82 per share during the same quarter last year, which suggests a negative year over year growth rate of 4.9%. The business is scheduled to report its next earnings results on Monday, February 5th.
Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that follow CNA Financial Corporation.
CNA Financial Corporation (NYSE:CNA) last posted its earnings results on Monday, October 30th. The insurance provider reported $0.58 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by ($0.27). CNA Financial Corporation had a return on equity of 7.14% and a net margin of 9.67%. The firm had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.37 billion. During the same period in the previous year, the company posted $1.15 EPS.
Several equities research analysts have recently weighed in on the stock. BidaskClub raised shares of CNA Financial Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th. Zacks Investment Research raised shares of CNA Financial Corporation from a “hold” rating to a “buy” rating and set a $62.00 price objective on the stock in a report on Tuesday. Keefe, Bruyette & Woods reissued a “hold” rating and set a $55.00 price objective on shares of CNA Financial Corporation in a report on Wednesday, November 1st. Finally, ValuEngine lowered shares of CNA Financial Corporation from a “strong-buy” rating to a “buy” rating in a report on Monday, October 2nd. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $50.50.
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In other CNA Financial Corporation news, CFO D Craig Mense sold 23,450 shares of the stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $52.66, for a total transaction of $1,234,877.00. Following the sale, the chief financial officer now owns 130,548 shares of the company’s stock, valued at approximately $6,874,657.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.53% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently modified their holdings of CNA. Acrospire Investment Management LLC boosted its stake in shares of CNA Financial Corporation by 111.1% in the 2nd quarter. Acrospire Investment Management LLC now owns 2,090 shares of the insurance provider’s stock valued at $102,000 after purchasing an additional 1,100 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its stake in shares of CNA Financial Corporation by 87.4% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 2,774 shares of the insurance provider’s stock valued at $146,000 after purchasing an additional 1,294 shares during the last quarter. Parallel Advisors LLC boosted its stake in shares of CNA Financial Corporation by 3.6% in the 2nd quarter. Parallel Advisors LLC now owns 3,131 shares of the insurance provider’s stock valued at $163,000 after purchasing an additional 110 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of CNA Financial Corporation by 6.1% in the 1st quarter. SG Americas Securities LLC now owns 3,914 shares of the insurance provider’s stock valued at $173,000 after purchasing an additional 224 shares during the last quarter. Finally, Koch Industries Inc. bought a new position in shares of CNA Financial Corporation in the 2nd quarter valued at about $203,000. 99.86% of the stock is currently owned by institutional investors.
CNA Financial Corporation (NYSE CNA) traded down $0.24 on Monday, hitting $54.29. 124,500 shares of the stock traded hands, compared to its average volume of 197,839. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.22. CNA Financial Corporation has a fifty-two week low of $37.51 and a fifty-two week high of $55.62. The company has a market cap of $14,660.00, a price-to-earnings ratio of 17.31, a price-to-earnings-growth ratio of 3.56 and a beta of 1.34.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 29th. Shareholders of record on Monday, November 13th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date is Friday, November 10th. CNA Financial Corporation’s dividend payout ratio is currently 35.61%.
About CNA Financial Corporation
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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