According to Zacks, “CNA Financial is one of the versatile property and casualty insurers and has been maintaining a good track record of its combined ratio over the past few years, thus leading to underwriting profitability. Moreover, with the rising interest rate environment, the company has been displaying improving investment results over a considerable period of time. CNA Financial also remains committed to enhancing its shareholder value via an effective capital deployment. However, exposure to catastrophe loss poses an inherent risk to the P&C business, rendering volatility to the company’s earnings. Also, rising expenses might weigh on desired margin expansion. The company also witnessed its 2019 estimates move south in the last 60 days. Shares of CNA Financial have underperformed the industry year to date. A Zacks Rank #3 (Hold) and an Earnings ESP of 0.00% makes prediction difficult as it reports first quarter earnings results on Apr 29.”
NYSE:CNA opened at $44.50 on Wednesday. Cna Financial has a one year low of $41.49 and a one year high of $51.46. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.24 and a quick ratio of 0.24. The stock has a market capitalization of $12.07 billion, a PE ratio of 14.31, a price-to-earnings-growth ratio of 2.23 and a beta of 0.87.
Cna Financial (NYSE:CNA) last posted its quarterly earnings results on Monday, February 11th. The insurance provider reported ($0.08) EPS for the quarter, missing the consensus estimate of $0.81 by ($0.89). Cna Financial had a net margin of 8.02% and a return on equity of 7.42%. The business had revenue of $2.22 billion during the quarter, compared to the consensus estimate of $2.59 billion. During the same quarter in the prior year, the firm posted $1.05 EPS. Research analysts forecast that Cna Financial will post 3.98 earnings per share for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Meeder Asset Management Inc. bought a new position in shares of Cna Financial during the 4th quarter worth approximately $26,000. First Mercantile Trust Co. raised its stake in shares of Cna Financial by 41.0% during the 4th quarter. First Mercantile Trust Co. now owns 1,960 shares of the insurance provider’s stock worth $87,000 after acquiring an additional 570 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Cna Financial during the 3rd quarter worth approximately $223,000. Hilltop Holdings Inc. raised its stake in shares of Cna Financial by 25.2% during the 4th quarter. Hilltop Holdings Inc. now owns 5,562 shares of the insurance provider’s stock worth $246,000 after acquiring an additional 1,120 shares in the last quarter. Finally, Raymond James Trust N.A. bought a new position in shares of Cna Financial during the 1st quarter worth approximately $276,000. Hedge funds and other institutional investors own 99.66% of the company’s stock.
About Cna Financial
CNA Financial Corporation provides commercial property and casualty insurance products primarily in the United States. It offers professional liability coverages and risk management services to various professional firms, including architects, real estate agents, and accounting and law firms; directors and officers, employment practices, fiduciary, and fidelity coverages to small and mid-size firms, public and privately held firms, and not-for-profit organizations; professional and general liability, as well as associated standard property and casualty coverages for healthcare industry; surety and fidelity bonds; and warranty and alternative risks products.
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