Wall Street brokerages forecast that Cna Financial Corp (NYSE:CNA) will post earnings per share (EPS) of $0.82 for the current quarter, according to Zacks. Two analysts have provided estimates for Cna Financial’s earnings. The lowest EPS estimate is $0.68 and the highest is $1.02. Cna Financial also posted earnings of $0.82 per share during the same quarter last year. The firm is expected to issue its next quarterly earnings results before the market opens on Monday, February 12th.
Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Cna Financial.
CNA has been the topic of several research reports. Zacks Investment Research cut Cna Financial from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $55.00 price target on shares of Cna Financial in a research note on Wednesday, November 1st. Finally, ValuEngine lowered Cna Financial from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Cna Financial presently has a consensus rating of “Hold” and a consensus target price of $53.33.
Shares of Cna Financial (NYSE CNA) traded down $1.59 during midday trading on Friday, reaching $51.61. The company’s stock had a trading volume of 84,376 shares, compared to its average volume of 187,365. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.23 and a current ratio of 0.23. The firm has a market capitalization of $14,426.61, a P/E ratio of 16.89, a price-to-earnings-growth ratio of 2.82 and a beta of 1.23. Cna Financial has a 12-month low of $40.76 and a 12-month high of $55.62.
Several large investors have recently added to or reduced their stakes in the business. UBS Asset Management Americas Inc. raised its holdings in shares of Cna Financial by 5.2% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 8,415 shares of the insurance provider’s stock valued at $410,000 after acquiring an additional 415 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Cna Financial by 7.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,230 shares of the insurance provider’s stock worth $401,000 after buying an additional 565 shares during the last quarter. Citigroup Inc. grew its position in shares of Cna Financial by 3.7% in the 2nd quarter. Citigroup Inc. now owns 17,029 shares of the insurance provider’s stock worth $830,000 after buying an additional 606 shares during the last quarter. Advisors Asset Management Inc. boosted its position in shares of Cna Financial by 13.3% during the third quarter. Advisors Asset Management Inc. now owns 10,145 shares of the insurance provider’s stock valued at $510,000 after purchasing an additional 1,187 shares in the last quarter. Finally, SG Americas Securities LLC boosted its position in shares of Cna Financial by 37.9% during the third quarter. SG Americas Securities LLC now owns 4,386 shares of the insurance provider’s stock valued at $220,000 after purchasing an additional 1,205 shares in the last quarter. 99.82% of the stock is currently owned by hedge funds and other institutional investors.
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About Cna Financial
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.
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