Q1 2018 Earnings Estimate for CNA Financial (CNA) Issued By Langen Mcalenn

CNA Financial (NYSE:CNA) – Stock analysts at Langen Mcalenn raised their Q1 2018 earnings per share estimates for CNA Financial in a research report issued to clients and investors on Wednesday, April 11th. Langen Mcalenn analyst R. Glasspiegel now anticipates that the insurance provider will post earnings per share of $0.83 for the quarter, up from their previous estimate of $0.82. Langen Mcalenn also issued estimates for CNA Financial’s FY2018 earnings at $3.80 EPS.

A number of other equities analysts also recently weighed in on CNA. Zacks Investment Research upgraded shares of CNA Financial from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a report on Thursday, January 4th. ValuEngine upgraded shares of CNA Financial from a “buy” rating to a “strong-buy” rating in a report on Thursday, March 1st. Three research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. CNA Financial currently has an average rating of “Buy” and an average target price of $53.33.



Shares of CNA opened at $49.02 on Thursday. The firm has a market cap of $13,314.07, a P/E ratio of 14.50, a PEG ratio of 2.48 and a beta of 1.20. CNA Financial has a 1-year low of $43.25 and a 1-year high of $55.62. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.23 and a current ratio of 0.23.

CNA Financial (NYSE:CNA) last issued its earnings results on Monday, February 12th. The insurance provider reported $1.05 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.23. The business had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.36 billion. CNA Financial had a net margin of 9.42% and a return on equity of 7.64%. During the same period in the previous year, the company earned $0.82 earnings per share.

Several large investors have recently added to or reduced their stakes in the business. Macquarie Group Ltd. increased its holdings in shares of CNA Financial by 1.6% in the fourth quarter. Macquarie Group Ltd. now owns 69,800 shares of the insurance provider’s stock valued at $3,703,000 after purchasing an additional 1,100 shares during the last quarter. Vident Investment Advisory LLC increased its holdings in shares of CNA Financial by 6.5% in the fourth quarter. Vident Investment Advisory LLC now owns 47,268 shares of the insurance provider’s stock valued at $2,508,000 after purchasing an additional 2,882 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of CNA Financial in the fourth quarter valued at $308,000. Verition Fund Management LLC acquired a new position in shares of CNA Financial in the fourth quarter valued at $229,000. Finally, Cornerstone Capital Management Holdings LLC. increased its holdings in shares of CNA Financial by 61.1% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 165,994 shares of the insurance provider’s stock valued at $8,805,000 after purchasing an additional 62,927 shares during the last quarter. Hedge funds and other institutional investors own 99.64% of the company’s stock.

In related news, EVP Scott L. Weber sold 1,486 shares of the business’s stock in a transaction on Friday, March 2nd. The shares were sold at an average price of $49.83, for a total transaction of $74,047.38. Following the transaction, the executive vice president now directly owns 2,382 shares in the company, valued at $118,695.06. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Larry A. Haefner sold 7,457 shares of the business’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $53.25, for a total transaction of $397,085.25. Following the transaction, the executive vice president now owns 42,460 shares in the company, valued at $2,260,995. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by insiders.

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 14th. Investors of record on Monday, February 26th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $1.20 dividend on an annualized basis and a yield of 2.45%. CNA Financial’s payout ratio is 35.50%.

COPYRIGHT VIOLATION WARNING: This story was published by Dakota Financial News and is the property of of Dakota Financial News. If you are accessing this story on another website, it was copied illegally and republished in violation of US & international copyright law. The original version of this story can be read at https://dakotafinancialnews.com/2018/04/13/q1-2018-earnings-estimate-for-cna-financial-cna-issued-by-langen-mcalenn.html.

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.

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

Receive News & Ratings for CNA Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CNA Financial and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply