Langen Mcalenn Comments on Cna Financial Corp’s Q1 2018 Earnings (CNA)

Cna Financial Corp (NYSE:CNA) – Stock analysts at Langen Mcalenn issued their Q1 2018 earnings per share estimates for shares of Cna Financial in a report issued on Monday. Langen Mcalenn analyst R. Glasspiegel expects that the insurance provider will earn $0.82 per share for the quarter. Langen Mcalenn also issued estimates for Cna Financial’s Q2 2018 earnings at $0.93 EPS, Q3 2018 earnings at $1.21 EPS and Q4 2018 earnings at $0.80 EPS.

Cna Financial (NYSE:CNA) last released its quarterly earnings data on Monday, February 12th. The insurance provider reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.23. The business had revenue of $2.42 billion for the quarter, compared to analyst estimates 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 last year, the firm posted $0.82 earnings per share.

A number of other analysts have also commented on CNA. Zacks Investment Research lowered Cna Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. Keefe, Bruyette & Woods reissued a “hold” rating and set 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 equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $53.33.

Shares of Cna Financial (NYSE CNA) opened at $52.11 on Wednesday. The firm has a market capitalization of $13,976.46, a PE ratio of 15.25, a P/E/G ratio of 2.73 and a beta of 1.23. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.23 and a quick ratio of 0.23. Cna Financial has a 12 month low of $40.76 and a 12 month high of $55.62.

Several hedge funds have recently made changes to their positions in CNA. JPMorgan Chase & Co. boosted its stake in shares of Cna Financial by 235.8% during the second quarter. JPMorgan Chase & Co. now owns 23,916 shares of the insurance provider’s stock valued at $1,166,000 after purchasing an additional 16,794 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of Cna Financial by 15.5% during the second quarter. Wells Fargo & Company MN now owns 36,924 shares of the insurance provider’s stock worth $1,801,000 after acquiring an additional 4,968 shares during the last quarter. Alliancebernstein L.P. raised its position in shares of Cna Financial by 113.9% during the second quarter. Alliancebernstein L.P. now owns 38,330 shares of the insurance provider’s stock worth $1,869,000 after acquiring an additional 20,413 shares during the last quarter. Teachers Advisors LLC raised its position in shares of Cna Financial by 48.7% during the second quarter. Teachers Advisors LLC now owns 48,218 shares of the insurance provider’s stock worth $2,351,000 after acquiring an additional 15,787 shares during the last quarter. Finally, TIAA CREF Investment Management LLC raised its position in shares of Cna Financial by 22.6% during the second quarter. TIAA CREF Investment Management LLC now owns 69,695 shares of the insurance provider’s stock worth $3,398,000 after acquiring an additional 12,831 shares during the last quarter. 99.82% of the stock is currently owned by hedge funds and other institutional investors.

The company 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 dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date is Friday, February 23rd. Cna Financial’s payout ratio is 36.25%.

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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.

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

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