Brokerages expect Cna Financial Corp (NYSE:CNA) to report $2.38 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Cna Financial’s earnings. The highest sales estimate is $2.39 billion and the lowest is $2.36 billion. Cna Financial posted sales of $2.29 billion in the same quarter last year, which would indicate a positive year over year growth rate of 3.9%. The firm is scheduled to issue its next quarterly earnings report on Monday, May 7th.
According to Zacks, analysts expect that Cna Financial will report full-year sales of $2.38 billion for the current year, with estimates ranging from $9.45 billion to $9.72 billion. For the next fiscal year, analysts anticipate that the company will report sales of $9.85 billion per share, with estimates ranging from $9.42 billion to $10.27 billion. Zacks’ sales 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 quarterly earnings results on Monday, February 12th. The insurance provider reported $1.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.23. Cna Financial had a return on equity of 7.64% and a net margin of 9.42%. The business had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same period last year, the company earned $0.82 EPS.
Several research firms have weighed in on CNA. ValuEngine cut Cna Financial from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. Zacks Investment Research upgraded Cna Financial from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a report on Thursday, January 4th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $55.00 price objective on shares of Cna Financial in a report on Wednesday, November 1st. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Cna Financial currently has an average rating of “Hold” and a consensus target price of $53.33.
Cna Financial (NYSE:CNA) opened at $53.27 on Wednesday. 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 has a 1 year low of $41.48 and a 1 year high of $55.62. The stock has a market capitalization of $14,537.26, a P/E ratio of 16.09, a P/E/G ratio of 2.70 and a beta of 1.23.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 14th. Stockholders of record on Monday, February 26th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date of this dividend is Friday, February 23rd. Cna Financial’s payout ratio is presently 36.25%.
In other news, EVP Larry A. Haefner sold 7,457 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $53.25, for a total value of $397,085.25. Following the completion of the transaction, the executive vice president now owns 42,460 shares in the company, valued at approximately $2,260,995. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.53% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale raised its stake in Cna Financial by 87.4% during the third quarter. DekaBank Deutsche Girozentrale now owns 2,774 shares of the insurance provider’s stock valued at $146,000 after buying an additional 1,294 shares during the last quarter. Magnetar Financial LLC purchased a new position in Cna Financial during the third quarter valued at $204,000. Raymond James Trust N.A. purchased a new position in Cna Financial during the fourth quarter valued at $211,000. SG Americas Securities LLC increased its holdings in shares of Cna Financial by 37.9% in the 3rd quarter. SG Americas Securities LLC now owns 4,386 shares of the insurance provider’s stock worth $220,000 after purchasing an additional 1,205 shares in the last quarter. Finally, Gotham Asset Management LLC bought a new stake in shares of Cna Financial in the 2nd quarter worth $221,000. Institutional investors own 99.71% of the company’s stock.
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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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