Zacks: Brokerages Expect Cna Financial Corp (CNA) Will Post Quarterly Sales of $2.36 Billion

Analysts forecast that Cna Financial Corp (NYSE:CNA) will post $2.36 billion in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Cna Financial’s earnings, with the highest sales estimate coming in at $2.36 billion and the lowest estimate coming in at $2.35 billion. Cna Financial posted sales of $2.37 billion during the same quarter last year, which suggests a negative year-over-year growth rate of 0.4%. The company is scheduled to report its next earnings results on Monday, February 5th.

According to Zacks, analysts expect that Cna Financial will report full year sales of $2.36 billion for the current year, with estimates ranging from $9.37 billion to $9.38 billion. For the next year, analysts expect that the company will report sales of $9.50 billion per share, with estimates ranging from $9.35 billion to $9.64 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Cna Financial.

Cna Financial (NYSE:CNA) last issued its quarterly earnings data on Monday, October 30th. The insurance provider reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.27). The firm had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.37 billion. Cna Financial had a return on equity of 7.14% and a net margin of 9.67%. During the same quarter last year, the company posted $1.15 EPS.

Several research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Cna Financial from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a research report on Thursday, January 4th. ValuEngine downgraded shares of Cna Financial from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $55.00 price target on shares of Cna Financial in a research report on Wednesday, November 1st. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $53.33.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. UBS Asset Management Americas Inc. raised its position in shares of Cna Financial by 5.2% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 8,415 shares of the insurance provider’s stock worth $410,000 after purchasing an additional 415 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Cna Financial by 7.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,230 shares of the insurance provider’s stock worth $401,000 after purchasing an additional 565 shares during the last quarter. Aberdeen Asset Management PLC UK raised its position in shares of Cna Financial by 7.1% during the 2nd quarter. Aberdeen Asset Management PLC UK now owns 8,743 shares of the insurance provider’s stock worth $426,000 after purchasing an additional 579 shares during the last quarter. Citigroup Inc. raised its position in shares of Cna Financial by 3.7% during the 2nd quarter. Citigroup Inc. now owns 17,029 shares of the insurance provider’s stock worth $830,000 after purchasing an additional 606 shares during the last quarter. Finally, Acrospire Investment Management LLC raised its position in shares of Cna Financial by 111.1% during the 2nd 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 during the last quarter. Hedge funds and other institutional investors own 99.69% of the company’s stock.

Shares of Cna Financial (CNA) traded up $0.02 during trading on Thursday, hitting $53.52. 4,958 shares of the company’s stock were exchanged, compared to its average volume of 202,873. The firm has a market capitalization of $14,337.12, a P/E ratio of 15.83, a P/E/G ratio of 2.81 and a beta of 1.32. Cna Financial has a 1-year low of $40.51 and a 1-year high of $55.62. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.23 and a current ratio of 0.23.

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Cna Financial Company Profile

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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