Q4 2017 EPS Estimates for CNA Financial Corporation Increased by Analyst (CNA)

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.

ILLEGAL ACTIVITY NOTICE: “Q4 2017 EPS Estimates for CNA Financial Corporation Increased by Analyst (CNA)” was first published by Community Financial News and is owned by of Community Financial News. If you are accessing this piece on another site, it was illegally copied and republished in violation of international copyright and trademark laws. The correct version of this piece can be read at https://www.com-unik.info/2017/11/02/q4-2017-eps-estimates-for-cna-financial-corporation-increased-by-analyst-cna.html.

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.

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

What are top analysts saying about CNA Financial Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for CNA Financial Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit