Wall Street brokerages forecast that Cna Financial Corp (NYSE:CNA) will report sales of $2.36 billion for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Cna Financial’s earnings, with estimates ranging from $2.35 billion to $2.36 billion. Cna Financial posted sales of $2.37 billion in the same quarter last year, which would indicate a negative year over year growth rate of 0.4%. The firm is expected to issue its next quarterly earnings report on Monday, February 5th.

According to Zacks, analysts expect that Cna Financial will report full-year sales of $2.36 billion for the current year, with estimates ranging from $9.37 billion to $9.38 billion. For the next fiscal year, analysts forecast that the business will report sales of $9.50 billion per share, with estimates ranging from $9.35 billion to $9.64 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Cna Financial.

Cna Financial (NYSE:CNA) last announced its quarterly 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). The company had revenue of $2.42 billion during the quarter, compared to analysts’ expectations of $2.37 billion. Cna Financial had a net margin of 9.67% and a return on equity of 7.14%. During the same quarter last year, the firm posted $1.15 earnings per share.

Several brokerages have recently weighed in on CNA. ValuEngine cut Cna Financial from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 2nd. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $50.00 price target on shares of Cna Financial in a research report on Thursday, September 21st. Finally, Zacks Investment Research cut Cna Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $53.33.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Citadel Advisors LLC purchased a new position in Cna Financial during the third quarter worth about $1,183,000. Allianz Asset Management GmbH grew its position in Cna Financial by 33.8% during the third quarter. Allianz Asset Management GmbH now owns 418,684 shares of the insurance provider’s stock worth $21,039,000 after buying an additional 105,815 shares in the last quarter. Prudential Financial Inc. grew its position in Cna Financial by 19.5% during the third quarter. Prudential Financial Inc. now owns 173,911 shares of the insurance provider’s stock worth $8,739,000 after buying an additional 28,400 shares in the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in Cna Financial during the third quarter worth about $838,000. Finally, Towle & Co. grew its position in Cna Financial by 2.4% during the third quarter. Towle & Co. now owns 469,962 shares of the insurance provider’s stock worth $23,616,000 after buying an additional 11,227 shares in the last quarter. Institutional investors own 99.69% of the company’s stock.

Shares of Cna Financial (CNA) traded up $0.02 during midday trading on Thursday, hitting $53.52. The stock had a trading volume of 4,958 shares, compared to its average volume of 202,873. The stock has a market capitalization of $14,337.12, a PE ratio of 15.83, a PEG ratio of 2.81 and a beta of 1.32. Cna Financial has a one year low of $40.51 and a one year high of $55.62. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.23 and a current ratio of 0.23.

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About Cna Financial

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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