Cna Financial Corp (NYSE:CNA) – Equities research analysts at William Blair lifted their FY2018 earnings per share (EPS) estimates for Cna Financial in a research note issued on Monday, November 5th. William Blair analyst A. Klauber now anticipates that the insurance provider will post earnings of $4.14 per share for the year, up from their prior estimate of $3.90. William Blair also issued estimates for Cna Financial’s Q4 2018 earnings at $0.95 EPS, Q1 2019 earnings at $1.05 EPS, Q3 2019 earnings at $1.03 EPS, Q4 2019 earnings at $1.05 EPS and FY2019 earnings at $4.05 EPS.
Several other research analysts also recently issued reports on CNA. Zacks Investment Research downgraded shares of Cna Financial from a “hold” rating to a “sell” rating in a report on Tuesday, July 17th. ValuEngine downgraded shares of Cna Financial from a “hold” rating to a “sell” rating in a report on Friday, August 3rd.
NYSE:CNA opened at $47.19 on Wednesday. Cna Financial has a 52-week low of $41.92 and a 52-week high of $55.62. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.23. The stock has a market cap of $11.88 billion, a PE ratio of 13.96, a P/E/G ratio of 2.08 and a beta of 1.05.
Cna Financial (NYSE:CNA) last posted its quarterly earnings data on Monday, November 5th. The insurance provider reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.10. Cna Financial had a net margin of 9.32% and a return on equity of 8.43%. The company had revenue of $2.62 billion for the quarter, compared to the consensus estimate of $2.59 billion. During the same quarter in the previous year, the firm posted $0.58 EPS.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. LSV Asset Management increased its stake in Cna Financial by 0.3% in the third quarter. LSV Asset Management now owns 1,551,279 shares of the insurance provider’s stock valued at $70,815,000 after acquiring an additional 4,200 shares during the period. Systematic Financial Management LP grew its stake in Cna Financial by 4.9% during the third quarter. Systematic Financial Management LP now owns 416,692 shares of the insurance provider’s stock worth $19,022,000 after buying an additional 19,293 shares during the last quarter. O Shaughnessy Asset Management LLC grew its stake in Cna Financial by 20.8% during the third quarter. O Shaughnessy Asset Management LLC now owns 7,280 shares of the insurance provider’s stock worth $332,000 after buying an additional 1,256 shares during the last quarter. CORDA Investment Management LLC. grew its stake in Cna Financial by 32.9% during the third quarter. CORDA Investment Management LLC. now owns 300,653 shares of the insurance provider’s stock worth $13,724,000 after buying an additional 74,445 shares during the last quarter. Finally, Wells Fargo & Company MN grew its stake in Cna Financial by 2.6% during the third quarter. Wells Fargo & Company MN now owns 113,520 shares of the insurance provider’s stock worth $5,182,000 after buying an additional 2,911 shares during the last quarter. 99.52% of the stock is currently owned by institutional investors and hedge funds.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 5th. Investors of record on Monday, November 19th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Friday, November 16th. This represents a $1.40 dividend on an annualized basis and a yield of 2.97%. Cna Financial’s payout ratio is currently 41.42%.
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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