Cna Financial Corp (CNA) Expected to Post Earnings of $0.98 Per Share
Equities research analysts expect Cna Financial Corp (NYSE:CNA) to report earnings per share (EPS) of $0.98 for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Cna Financial’s earnings. The lowest EPS estimate is $0.91 and the highest is $1.12. Cna Financial posted earnings of $1.05 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 6.7%. The company is expected to report its next earnings report on Monday, February 11th.
Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that follow Cna Financial.
Cna Financial (NYSE:CNA) last issued its quarterly earnings results on Monday, November 5th. The insurance provider reported $1.17 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.10. The firm had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.59 billion. Cna Financial had a return on equity of 9.91% and a net margin of 11.00%. During the same period in the prior year, the business posted $0.58 earnings per share.
CNA traded up $0.31 during trading on Friday, hitting $47.06. 248,019 shares of the stock were exchanged, compared to its average volume of 247,930. The company has a market capitalization of $12.77 billion, a P/E ratio of 13.92, a PEG ratio of 2.26 and a beta of 1.05. Cna Financial has a 1 year low of $41.92 and a 1 year high of $55.39. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.23.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 5th. Shareholders of record on Monday, November 19th will be issued a dividend of $0.35 per share. The ex-dividend date is Friday, November 16th. This represents a $1.40 annualized dividend and a yield of 2.97%. Cna Financial’s payout ratio is currently 41.42%.
In other Cna Financial news, EVP Larry A. Haefner sold 11,358 shares of the firm’s stock in a transaction on Wednesday, November 7th. The stock was sold at an average price of $47.73, for a total transaction of $542,117.34. Following the transaction, the executive vice president now directly owns 58,007 shares in the company, valued at approximately $2,768,674.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.18% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Advisors Asset Management Inc. increased its holdings in Cna Financial by 10.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 11,485 shares of the insurance provider’s stock worth $524,000 after purchasing an additional 1,132 shares during the period. Dynamic Technology Lab Private Ltd boosted its position in Cna Financial by 9.1% during the 2nd quarter. Dynamic Technology Lab Private Ltd now owns 14,434 shares of the insurance provider’s stock valued at $660,000 after acquiring an additional 1,209 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its position in Cna Financial by 20.8% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 7,280 shares of the insurance provider’s stock valued at $332,000 after acquiring an additional 1,256 shares in the last quarter. Standard Life Aberdeen plc boosted its position in Cna Financial by 17.6% during the 2nd quarter. Standard Life Aberdeen plc now owns 9,339 shares of the insurance provider’s stock valued at $426,000 after acquiring an additional 1,397 shares in the last quarter. Finally, Macquarie Group Ltd. boosted its position in Cna Financial by 2.1% during the 2nd quarter. Macquarie Group Ltd. now owns 69,000 shares of the insurance provider’s stock valued at $3,152,000 after acquiring an additional 1,400 shares in the last quarter. Institutional investors own 99.59% of the company’s stock.
Cna Financial Company Profile
CNA Financial Corporation provides commercial property and casualty insurance products primarily in the United States. It operates through Specialty, Commercial, International, Life & Group, and Corporate & Other segments. The company's property insurance products include property, marine, boiler, and machinery coverages; and casualty insurance products comprise workers compensation, general and product liability, commercial auto, and umbrella coverages.
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