Equities research analysts expect Cna Financial Corp (NYSE:CNA) to post earnings of $1.08 per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Cna Financial’s earnings. The lowest EPS estimate is $0.94 and the highest is $1.22. Cna Financial posted earnings of $0.58 per share in the same quarter last year, which suggests a positive year over year growth rate of 86.2%. The firm is expected to announce its next earnings results on Monday, October 29th.
Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Cna Financial.
Cna Financial (NYSE:CNA) last released its earnings results on Monday, July 30th. The insurance provider reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.01. The business had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.82 billion. Cna Financial had a return on equity of 8.43% and a net margin of 9.32%. Cna Financial’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.88 earnings per share.
Institutional investors have recently bought and sold shares of the stock. Strs Ohio bought a new position in Cna Financial during the second quarter worth about $517,000. Janney Montgomery Scott LLC bought a new stake in shares of Cna Financial during the second quarter worth approximately $309,000. GAM Holding AG bought a new stake in shares of Cna Financial during the second quarter worth approximately $1,001,000. Martingale Asset Management L P boosted its holdings in shares of Cna Financial by 263.9% during the second quarter. Martingale Asset Management L P now owns 88,574 shares of the insurance provider’s stock worth $4,047,000 after acquiring an additional 64,237 shares during the period. Finally, Clinton Group Inc. bought a new stake in shares of Cna Financial during the second quarter worth approximately $1,451,000. Institutional investors and hedge funds own 99.50% of the company’s stock.
Shares of NYSE:CNA traded up $0.69 during midday trading on Thursday, reaching $45.97. The company had a trading volume of 118,873 shares, compared to its average volume of 181,634. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.25 and a current ratio of 0.25. The company has a market cap of $12.22 billion, a P/E ratio of 13.60, a P/E/G ratio of 2.17 and a beta of 1.12. Cna Financial has a 1-year low of $44.27 and a 1-year high of $55.62.
The business also recently announced a quarterly dividend, which was paid on Wednesday, August 29th. Investors of record on Monday, August 13th were given a $0.35 dividend. The ex-dividend date of this dividend was Friday, August 10th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.05%. This is an increase from Cna Financial’s previous quarterly dividend of $0.30. Cna Financial’s payout ratio is currently 41.42%.
About Cna Financial
CNA Financial Corporation provides commercial property and casualty insurance products primarily in the United States. It operates through Specialty, Commercial, International, Life & Group, and Corporate & Other segments. The company's property insurance products include property, marine, boiler, and machinery coverages; and casualty insurance products comprise workers compensation, general and product liability, commercial auto, and umbrella coverages.
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