CNA Financial Corporation (NYSE:CNA) – Research analysts at William Blair upped their Q4 2017 earnings per share (EPS) estimates for CNA Financial Corporation in a report issued on Monday. William Blair analyst A. Klauber now anticipates that the insurance provider will post earnings of $0.75 per share for the quarter, up from their prior forecast of $0.69. William Blair also issued estimates for CNA Financial Corporation’s Q1 2018 earnings at $0.67 EPS, Q2 2018 earnings at $0.72 EPS and Q4 2018 earnings at $0.63 EPS.
CNA Financial Corporation (NYSE:CNA) last announced its earnings results on Monday, October 30th. The insurance provider reported $0.58 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by ($0.27). The firm had revenue of $2.42 billion during the quarter, compared to analysts’ expectations of $2.37 billion. CNA Financial Corporation had a net margin of 9.67% and a return on equity of 7.14%. During the same period in the prior year, the company posted $1.15 EPS.
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Several other analysts have also issued reports on the stock. Zacks Investment Research upgraded shares of CNA Financial Corporation from a “sell” rating to a “hold” rating in a report on Wednesday. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $55.00 price target on shares of CNA Financial Corporation in a research note on Wednesday. ValuEngine lowered shares of CNA Financial Corporation from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, BidaskClub lowered shares of CNA Financial Corporation from a “buy” rating to a “hold” rating in a research note on Friday, August 25th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $46.67.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 29th. Investors of record on Monday, November 13th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.22%. The ex-dividend date of this dividend is Friday, November 10th. CNA Financial Corporation’s dividend payout ratio is presently 35.50%.
In related news, CFO D Craig Mense sold 23,450 shares of the stock in a transaction on Monday, August 14th. The stock was sold at an average price of $52.66, for a total transaction of $1,234,877.00. Following the completion of the sale, the chief financial officer now directly owns 130,548 shares of the company’s stock, valued at $6,874,657.68. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.53% of the stock is owned by company insiders.
A number of large investors have recently added to or reduced their stakes in CNA. UBS Asset Management Americas Inc. purchased a new position in CNA Financial Corporation in the first quarter worth $353,000. Ameriprise Financial Inc. increased its position in shares of CNA Financial Corporation by 26.1% in the first quarter. Ameriprise Financial Inc. now owns 24,721 shares of the insurance provider’s stock valued at $1,092,000 after buying an additional 5,124 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of CNA Financial Corporation by 14.7% in the first quarter. JPMorgan Chase & Co. now owns 7,122 shares of the insurance provider’s stock valued at $314,000 after buying an additional 913 shares in the last quarter. SG Americas Securities LLC increased its position in shares of CNA Financial Corporation by 6.1% in the first quarter. SG Americas Securities LLC now owns 3,914 shares of the insurance provider’s stock valued at $173,000 after buying an additional 224 shares in the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of CNA Financial Corporation by 3.6% in the first quarter. Principal Financial Group Inc. now owns 6,228 shares of the insurance provider’s stock valued at $275,000 after buying an additional 219 shares in the last quarter. Hedge funds and other institutional investors own 99.89% of the company’s stock.
CNA Financial Corporation 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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