Cna Financial Corp (NYSE:CNA) – Analysts at William Blair lifted their FY2018 EPS estimates for shares of Cna Financial in a report issued on Monday. William Blair analyst A. Klauber now anticipates that the insurance provider will post earnings of $3.55 per share for the year, up from their previous forecast of $2.83. William Blair also issued estimates for Cna Financial’s Q4 2018 earnings at $0.92 EPS, Q1 2019 earnings at $0.76 EPS, Q2 2019 earnings at $0.81 EPS, Q3 2019 earnings at $0.91 EPS, Q4 2019 earnings at $0.87 EPS and FY2019 earnings at $3.35 EPS.
Other research analysts have also recently issued research reports about the company. ValuEngine cut Cna Financial from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. Zacks Investment Research raised Cna Financial from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a research note on Thursday, January 4th. Finally, 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. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Cna Financial has a consensus rating of “Hold” and a consensus price target of $53.33.
Cna Financial (NYSE:CNA) last issued its quarterly earnings data on Monday, February 12th. The insurance provider reported $1.05 EPS for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.23. The firm had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.36 billion. Cna Financial had a return on equity of 7.68% and a net margin of 9.42%. During the same period in the prior year, the business earned $0.82 EPS.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 14th. Stockholders of record on Monday, February 26th will be paid a $0.30 dividend. The ex-dividend date is Friday, February 23rd. This represents a $1.20 annualized dividend and a dividend yield of 2.32%. Cna Financial’s payout ratio is 36.25%.
Large investors have recently added to or reduced their stakes in the company. Citadel Advisors LLC bought a new position in shares of Cna Financial in the third quarter worth $1,183,000. Allianz Asset Management GmbH grew its stake in shares of Cna Financial by 33.8% in the third quarter. Allianz Asset Management GmbH now owns 418,684 shares of the insurance provider’s stock worth $21,039,000 after purchasing an additional 105,815 shares in the last quarter. Prudential Financial Inc. grew its stake in shares of Cna Financial by 19.5% in the third quarter. Prudential Financial Inc. now owns 173,911 shares of the insurance provider’s stock worth $8,739,000 after purchasing an additional 28,400 shares in the last quarter. Mackenzie Financial Corp bought a new position in shares of Cna Financial in the third quarter worth $2,830,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in Cna Financial during the third quarter valued at about $838,000. 99.82% of the stock is owned by institutional investors.
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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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