Cna Financial Corp (CNA) Expected to Post Q4 2017 Earnings of $0.68 Per Share

Cna Financial Corp (NYSE:CNA) – Analysts at Langen Mcalenn dropped their Q4 2017 earnings per share estimates for shares of Cna Financial in a research note issued to investors on Tuesday. Langen Mcalenn analyst R. Glasspiegel now anticipates that the insurance provider will post earnings of $0.68 per share for the quarter, down from their previous estimate of $0.72. Langen Mcalenn also issued estimates for Cna Financial’s FY2018 earnings at $3.75 EPS.

Cna Financial (NYSE:CNA) last announced its quarterly earnings data on Monday, October 30th. The insurance provider reported $0.58 EPS for the quarter, missing the Zacks’ consensus estimate of $0.85 by ($0.27). Cna Financial had a net margin of 9.67% and a return on equity of 7.14%. The firm had revenue of $2.42 billion during the quarter, compared to analysts’ expectations of $2.37 billion. During the same period in the prior year, the company posted $1.15 earnings per share.

A number of other equities research analysts also recently commented on the stock. Zacks Investment Research raised shares of Cna Financial from a “hold” rating to a “buy” rating and set a $61.00 price objective on the stock in a research report on Friday, November 17th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $55.00 target price on shares of Cna Financial in a report on Wednesday, November 1st. Finally, ValuEngine cut shares of Cna Financial from a “strong-buy” rating to a “buy” rating in a report on Friday, December 1st. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Cna Financial has a consensus rating of “Hold” and a consensus price target of $53.33.

Shares of Cna Financial (CNA) opened at $53.06 on Wednesday. Cna Financial has a 52-week low of $40.41 and a 52-week high of $55.62. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.23 and a quick ratio of 0.23. The company has a market cap of $14,390.00, a P/E ratio of 15.74, a price-to-earnings-growth ratio of 2.91 and a beta of 1.32.

Several institutional investors have recently modified their holdings of CNA. Acrospire Investment Management LLC boosted its holdings in shares of Cna Financial by 111.1% in the 2nd quarter. Acrospire Investment Management LLC now owns 2,090 shares of the insurance provider’s stock valued at $102,000 after buying an additional 1,100 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in shares of Cna Financial by 87.4% in the 3rd 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 in the last quarter. Koch Industries Inc. acquired a new position in shares of Cna Financial in the 2nd quarter valued at $203,000. Magnetar Financial LLC acquired a new position in shares of Cna Financial in the 3rd quarter valued at $204,000. Finally, SG Americas Securities LLC boosted 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 valued at $220,000 after buying an additional 1,205 shares in the last quarter. Institutional investors and hedge funds own 99.69% of the company’s stock.

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About Cna Financial

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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