$0.98 Earnings Per Share Expected for Cna Financial Corp (CNA) This Quarter
Wall Street analysts forecast that Cna Financial Corp (NYSE:CNA) will announce earnings per share of $0.98 for the current quarter, according to Zacks. Two analysts have provided estimates for Cna Financial’s earnings. The highest EPS estimate is $1.08 and the lowest is $0.85. Cna Financial posted earnings per share of $0.88 in the same quarter last year, which would suggest a positive year-over-year growth rate of 11.4%. The firm is expected to announce its next earnings results before the market opens on Monday, July 30th.
Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow Cna Financial.
Cna Financial (NYSE:CNA) last announced its quarterly earnings data on Monday, April 30th. The insurance provider reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.16. Cna Financial had a return on equity of 8.06% and a net margin of 9.54%. The company had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.38 billion. During the same quarter in the prior year, the firm earned $0.87 EPS.
Shares of NYSE:CNA traded down $0.40 on Friday, reaching $47.32. 159,705 shares of the company traded hands, compared to its average volume of 228,325. Cna Financial has a fifty-two week low of $45.10 and a fifty-two week high of $55.62. The company has a market capitalization of $12.87 billion, a PE ratio of 13.97, a price-to-earnings-growth ratio of 2.28 and a beta of 1.16. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.23 and a current ratio of 0.23.
In other news, EVP Douglas Worman sold 11,396 shares of the stock in a transaction on Thursday, May 3rd. The stock was sold at an average price of $47.66, for a total value of $543,133.36. Following the completion of the sale, the executive vice president now owns 17,273 shares in the company, valued at $823,231.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Dino Robusto sold 2,036 shares of the stock in a transaction on Wednesday, May 23rd. The shares were sold at an average price of $48.63, for a total value of $99,010.68. Following the completion of the sale, the chief executive officer now owns 142,277 shares of the company’s stock, valued at approximately $6,918,930.51. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its holdings in shares of Cna Financial by 2.8% in the first quarter. BlackRock Inc. now owns 1,038,284 shares of the insurance provider’s stock valued at $51,240,000 after purchasing an additional 28,015 shares in the last quarter. Allianz Asset Management GmbH lifted its holdings in shares of Cna Financial by 43.9% in the first quarter. Allianz Asset Management GmbH now owns 657,337 shares of the insurance provider’s stock valued at $32,439,000 after purchasing an additional 200,582 shares in the last quarter. Systematic Financial Management LP lifted its holdings in shares of Cna Financial by 43.6% in the first quarter. Systematic Financial Management LP now owns 637,540 shares of the insurance provider’s stock valued at $31,463,000 after purchasing an additional 193,597 shares in the last quarter. Prudential Financial Inc. lifted its holdings in shares of Cna Financial by 70.8% in the first quarter. Prudential Financial Inc. now owns 331,811 shares of the insurance provider’s stock valued at $16,375,000 after purchasing an additional 137,500 shares in the last quarter. Finally, Denali Advisors LLC lifted its holdings in shares of Cna Financial by 27.1% in the second quarter. Denali Advisors LLC now owns 325,300 shares of the insurance provider’s stock valued at $14,860,000 after purchasing an additional 69,300 shares in the last quarter. Institutional investors own 99.26% of the company’s stock.
Cna Financial Company Profile
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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