CNA Financial Corporation (NYSE:CNA) – Equities research analysts at Langen Mcalenn lowered their FY2018 earnings estimates for shares of CNA Financial Corporation in a report issued on Wednesday. Langen Mcalenn analyst R. Glasspiegel now anticipates that the insurance provider will post earnings per share of $3.40 for the year, down from their prior estimate of $3.45.

A number of other analysts have also commented on the stock. Zacks Investment Research lowered shares of CNA Financial Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. ValuEngine raised shares of CNA Financial Corporation from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $50.00 price objective on shares of CNA Financial Corporation in a research note on Thursday, August 3rd. Finally, BidaskClub lowered shares of CNA Financial Corporation from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 13th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $47.00.

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CNA Financial Corporation (NYSE CNA) opened at 50.25 on Friday. CNA Financial Corporation has a 12 month low of $32.50 and a 12 month high of $53.67. The firm’s 50-day moving average is $50.50 and its 200-day moving average is $47.18. The firm has a market cap of $13.62 billion, a PE ratio of 12.23 and a beta of 1.24.

CNA Financial Corporation (NYSE:CNA) last announced its earnings results on Monday, July 31st. The insurance provider reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.13. The company had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.35 billion. CNA Financial Corporation had a net margin of 11.72% and a return on equity of 8.40%. During the same quarter in the previous year, the business posted $0.77 earnings per share.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Acrospire Investment Management LLC lifted its position in shares of CNA Financial Corporation by 111.1% in the second quarter. Acrospire Investment Management LLC now owns 2,090 shares of the insurance provider’s stock worth $102,000 after purchasing an additional 1,100 shares in the last quarter. Parallel Advisors LLC lifted its position in shares of CNA Financial Corporation by 16.5% in the first quarter. Parallel Advisors LLC now owns 3,021 shares of the insurance provider’s stock worth $136,000 after purchasing an additional 427 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of CNA Financial Corporation by 6.1% in the first quarter. SG Americas Securities LLC now owns 3,914 shares of the insurance provider’s stock worth $173,000 after purchasing an additional 224 shares in the last quarter. Koch Industries Inc. purchased a new stake in shares of CNA Financial Corporation in the second quarter worth approximately $203,000. Finally, Harbour Capital Advisors LLC purchased a new stake in shares of CNA Financial Corporation in the first quarter worth approximately $206,000. 99.56% of the stock is owned by institutional investors and hedge funds.

In other news, CFO D Craig Mense sold 23,450 shares of the stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $52.66, for a total value of $1,234,877.00. Following the completion of the sale, the chief financial officer now directly owns 130,548 shares of the company’s stock, valued at $6,874,657.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.53% of the stock is currently owned by corporate insiders.

About CNA Financial Corporation

CNA Financial Corporation is an insurance holding company. The Company’s segments include Specialty, Commercial, International, Life & Group Non-Core, and Corporate & Other Non-Core. Its Specialty segment provides a range of professional, financial, and specialty property, and casualty products and services.

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

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