CNA Financial (NYSE:CNA) Releases Earnings Results, Beats Expectations By $0.11 EPS

CNA Financial (NYSE:CNA) posted its quarterly earnings data on Monday. The insurance provider reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.11, FiscalAI reports. The company had revenue of $3.83 billion during the quarter, compared to analysts’ expectations of $2.97 billion. CNA Financial had a return on equity of 11.57% and a net margin of 8.08%.

CNA Financial Stock Up 0.1%

CNA stock opened at $52.54 on Monday. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.27. The business has a 50 day moving average price of $48.12 and a two-hundred day moving average price of $47.33. The company has a market cap of $14.21 billion, a price-to-earnings ratio of 11.75, a P/E/G ratio of 7.17 and a beta of 0.28. CNA Financial has a twelve month low of $41.53 and a twelve month high of $55.71.

Analysts Set New Price Targets

CNA has been the topic of several research reports. Weiss Ratings upgraded CNA Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, July 17th. Zacks Research upgraded shares of CNA Financial from a “strong sell” rating to a “hold” rating in a report on Thursday, July 16th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, CNA Financial has an average rating of “Moderate Buy”.

Institutional Investors Weigh In On CNA Financial

Large investors have recently made changes to their positions in the stock. State of Wyoming bought a new position in shares of CNA Financial in the second quarter valued at $53,000. Quantbot Technologies LP bought a new stake in CNA Financial during the second quarter worth $55,000. CIBC Private Wealth Group LLC lifted its stake in CNA Financial by 142.7% in the third quarter. CIBC Private Wealth Group LLC now owns 1,223 shares of the insurance provider’s stock valued at $57,000 after acquiring an additional 719 shares during the last quarter. EverSource Wealth Advisors LLC lifted its stake in CNA Financial by 28.5% in the second quarter. EverSource Wealth Advisors LLC now owns 1,435 shares of the insurance provider’s stock valued at $67,000 after acquiring an additional 318 shares during the last quarter. Finally, Federation des caisses Desjardins du Quebec grew its position in shares of CNA Financial by 33.3% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 1,952 shares of the insurance provider’s stock valued at $93,000 after acquiring an additional 488 shares during the period. Institutional investors and hedge funds own 98.45% of the company’s stock.

About CNA Financial

CNA Financial Corporation is a leading U.S.-based commercial property and casualty insurance company offering a broad portfolio of risk management and insurance solutions. The company underwrites coverage for businesses of all sizes across a variety of industry sectors, including manufacturing, healthcare, energy, technology, construction and real estate. In addition to core property and casualty insurance, CNA delivers specialized products such as surety bonds, professional liability, environmental liability and commercial auto coverage.

Headquartered in Chicago, Illinois, CNA traces its origins to the founding of Continental Casualty Company in 1897.