$0.78 EPS Expected for Cna Financial Corp (CNA) This Quarter

Analysts expect Cna Financial Corp (NYSE:CNA) to report $0.78 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have issued estimates for Cna Financial’s earnings, with the highest EPS estimate coming in at $0.86 and the lowest estimate coming in at $0.72. Cna Financial reported earnings per share of $0.82 in the same quarter last year, which indicates a negative year over year growth rate of 4.9%. The company is scheduled to announce its next quarterly earnings results on Monday, February 5th.

Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that follow Cna Financial.

Cna Financial (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 Zacks’ consensus estimate of $0.85 by ($0.27). The firm had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.37 billion. Cna Financial had a return on equity of 7.14% and a net margin of 9.67%. During the same period last year, the company posted $1.15 EPS.

A number of equities analysts have recently commented on the stock. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $50.00 price target on shares of Cna Financial in a report on Thursday, September 21st. ValuEngine lowered shares of Cna Financial from a “strong-buy” rating to a “buy” rating in a report on Monday, October 2nd. Finally, Zacks Investment Research raised shares of Cna Financial from a “sell” rating to a “hold” rating in a report on Wednesday, November 1st. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. Cna Financial has a consensus rating of “Buy” and an average target price of $54.00.

Shares of Cna Financial (NYSE CNA) traded up $0.10 during trading hours on Friday, hitting $53.05. 211,497 shares of the stock were exchanged, compared to its average volume of 176,903. The company has a market cap of $14,390.00, a price-to-earnings ratio of 15.74, a price-to-earnings-growth ratio of 3.45 and a beta of 1.32. Cna Financial has a 1 year low of $39.96 and a 1 year high of $55.62. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.22.

Institutional investors have recently made changes to their positions in the company. Citadel Advisors LLC purchased a new stake in shares of Cna Financial in the 3rd quarter valued at $1,183,000. Victory Capital Management Inc. boosted its position in Cna Financial by 15.4% during the 2nd quarter. Victory Capital Management Inc. now owns 172,232 shares of the insurance provider’s stock valued at $8,396,000 after buying an additional 23,040 shares during the period. Prudential Financial Inc. boosted its position in Cna Financial by 19.5% during the 3rd quarter. Prudential Financial Inc. now owns 173,911 shares of the insurance provider’s stock valued at $8,739,000 after buying an additional 28,400 shares during the period. Arrow Investment Advisors LLC purchased a new stake in Cna Financial during the 2nd quarter valued at $722,000. Finally, Allianz Asset Management GmbH boosted its position in Cna Financial by 33.8% during the 3rd quarter. Allianz Asset Management GmbH now owns 418,684 shares of the insurance provider’s stock valued at $21,039,000 after buying an additional 105,815 shares during the period. 99.69% of the stock is owned by institutional investors.

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Cna Financial 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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Earnings History and Estimates for Cna Financial (NYSE:CNA)

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