Cna Financial Corp (NYSE:CNA) – Equities research analysts at Langen Mcalenn increased their Q1 2019 EPS estimates for Cna Financial in a research note issued to investors on Tuesday, November 6th. Langen Mcalenn analyst R. Glasspiegel now forecasts that the insurance provider will post earnings per share of $1.11 for the quarter, up from their previous forecast of $1.07. Langen Mcalenn also issued estimates for Cna Financial’s Q2 2019 earnings at $1.09 EPS, Q3 2019 earnings at $1.21 EPS and Q4 2019 earnings at $1.13 EPS.
A number of other analysts have also commented on CNA. Zacks Investment Research lowered Cna Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, July 17th. ValuEngine lowered Cna Financial from a “hold” rating to a “sell” rating in a research note on Friday, August 3rd.
Cna Financial stock opened at $48.27 on Thursday. The company has a current ratio of 0.24, a quick ratio of 0.25 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $12.97 billion, a price-to-earnings ratio of 14.28, a PEG ratio of 2.28 and a beta of 1.05. Cna Financial has a fifty-two week low of $41.92 and a fifty-two week high of $55.39.
Cna Financial (NYSE:CNA) last posted its earnings results on Monday, November 5th. The insurance provider reported $1.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.07 by $0.10. The company had revenue of $2.62 billion for the quarter, compared to analyst estimates of $2.59 billion. Cna Financial had a return on equity of 9.91% and a net margin of 11.00%. During the same quarter in the prior year, the company earned $0.58 earnings per share.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 5th. Investors of record on Monday, November 19th will be paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date is Friday, November 16th. Cna Financial’s payout ratio is currently 41.42%.
In related news, EVP Larry A. Haefner sold 11,358 shares of the stock in a transaction on Wednesday, November 7th. The stock was sold at an average price of $47.73, for a total transaction of $542,117.34. Following the sale, the executive vice president now owns 58,007 shares of the company’s stock, valued at $2,768,674.11. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.18% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Trexquant Investment LP acquired a new stake in shares of Cna Financial in the second quarter valued at approximately $223,000. Campbell & CO Investment Adviser LLC purchased a new position in Cna Financial during the 3rd quarter worth approximately $228,000. Raymond James Trust N.A. raised its position in Cna Financial by 42.6% during the 2nd quarter. Raymond James Trust N.A. now owns 6,019 shares of the insurance provider’s stock worth $275,000 after buying an additional 1,799 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Cna Financial during the 2nd quarter worth approximately $288,000. Finally, Janney Montgomery Scott LLC purchased a new position in Cna Financial during the 2nd quarter worth approximately $309,000. 99.52% of the stock is currently owned by institutional investors and hedge funds.
About Cna Financial
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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