CNA Financial Corporation (CNA) Scheduled to Post Earnings on Monday
CNA Financial Corporation (NYSE:CNA) is scheduled to be releasing its earnings data before the market opens on Monday, October 30th. Analysts expect CNA Financial Corporation to post earnings of $0.85 per share for the quarter.
CNA Financial Corporation (NYSE:CNA) last announced its quarterly earnings results on Monday, July 31st. The insurance provider reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.13. The firm had revenue of $2.32 billion for the quarter, compared to the consensus estimate of $2.35 billion. CNA Financial Corporation had a return on equity of 8.40% and a net margin of 11.72%. During the same quarter in the previous year, the business earned $0.77 earnings per share. On average, analysts expect CNA Financial Corporation to post $2.61 EPS for the current fiscal year and $3.21 EPS for the next fiscal year.
CNA Financial Corporation (NYSE CNA) opened at 50.49 on Monday. CNA Financial Corporation has a 12 month low of $34.51 and a 12 month high of $53.67. The firm’s 50-day moving average price is $49.52 and its 200-day moving average price is $48.18. The firm has a market cap of $13.68 billion, a P/E ratio of 12.29 and a beta of 1.25.
In other CNA Financial Corporation news, CFO D Craig Mense sold 23,450 shares of the stock in a transaction dated 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 owns 130,548 shares in the company, valued at approximately $6,874,657.68. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.53% of the company’s stock.
Several equities research analysts have commented on CNA shares. ValuEngine upgraded shares of CNA Financial Corporation from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Zacks Investment Research lowered shares of CNA Financial Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. BidaskClub lowered shares of CNA Financial Corporation from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 13th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $50.00 price objective on shares of CNA Financial Corporation in a research note on Thursday, September 21st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $45.00.
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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.
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