Brokerages expect that CNA Financial (NYSE:CNA) will post earnings of $0.98 per share for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for CNA Financial’s earnings. The highest EPS estimate is $1.08 and the lowest is $0.85. CNA Financial posted earnings per share of $0.88 during the same quarter last year, which would suggest a positive year over year growth rate of 11.4%. The business is expected to announce its next earnings results on Monday, July 30th.
Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that that provide coverage for CNA Financial.
CNA Financial (NYSE:CNA) last released its quarterly earnings results on Monday, April 30th. The insurance provider reported $1.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.16. CNA Financial had a return on equity of 8.06% and a net margin of 9.54%. The company had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.38 billion. During the same period in the previous year, the company posted $0.87 earnings per share.
Several research firms have commented on CNA. ValuEngine downgraded CNA Financial from a “buy” rating to a “hold” rating in a report on Monday. Zacks Investment Research downgraded CNA Financial from a “buy” rating to a “hold” rating in a report on Tuesday, April 17th.
CNA Financial opened at $49.30 on Tuesday, Marketbeat Ratings reports. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.23 and a current ratio of 0.23. CNA Financial has a 12 month low of $49.13 and a 12 month high of $49.49. The firm has a market capitalization of $13.47 billion, a price-to-earnings ratio of 14.59, a P/E/G ratio of 2.38 and a beta of 1.20.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 30th. Shareholders of record on Monday, May 14th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.43%. The ex-dividend date of this dividend is Friday, May 11th. CNA Financial’s dividend payout ratio (DPR) is 35.50%.
In other CNA Financial news, EVP Douglas Worman sold 11,396 shares of the business’s stock in a transaction on Thursday, May 3rd. The stock was sold at an average price of $47.66, for a total value of $543,133.36. Following the sale, the executive vice president now directly owns 17,273 shares of the company’s stock, valued at $823,231.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Scott L. Weber sold 1,486 shares of the business’s stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $49.83, for a total value of $74,047.38. Following the completion of the sale, the executive vice president now directly owns 2,382 shares in the company, valued at $118,695.06. The disclosure for this sale can be found here. Insiders own 0.18% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Wells Fargo & Company MN raised its stake in shares of CNA Financial by 85.6% in the fourth quarter. Wells Fargo & Company MN now owns 79,150 shares of the insurance provider’s stock worth $4,198,000 after purchasing an additional 36,495 shares during the last quarter. Lazard Asset Management LLC purchased a new position in shares of CNA Financial in the fourth quarter worth $2,060,000. Assetmark Inc. raised its stake in shares of CNA Financial by 182.3% in the fourth quarter. Assetmark Inc. now owns 16,777 shares of the insurance provider’s stock worth $890,000 after purchasing an additional 10,835 shares during the last quarter. Capital Fund Management S.A. purchased a new position in shares of CNA Financial in the fourth quarter worth $297,000. Finally, Global Financial Private Capital LLC purchased a new stake in CNA Financial during the fourth quarter valued at $902,000. Hedge funds and other institutional investors own 99.72% 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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