Brokerages expect that CNA Financial (NYSE:CNA) will announce $2.38 billion in sales for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for CNA Financial’s earnings. The highest sales estimate is $2.39 billion and the lowest is $2.36 billion. CNA Financial posted sales of $2.29 billion in the same quarter last year, which would indicate a positive year over year growth rate of 3.9%. The firm is scheduled to report its next earnings report on Monday, May 7th.
On average, analysts expect that CNA Financial will report full-year sales of $2.38 billion for the current fiscal year, with estimates ranging from $9.45 billion to $9.72 billion. For the next fiscal year, analysts anticipate that the business will report sales of $9.85 billion per share, with estimates ranging from $9.42 billion to $10.27 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover CNA Financial.
CNA Financial (NYSE:CNA) last announced its quarterly earnings data on Monday, February 12th. The insurance provider reported $1.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.23. CNA Financial had a return on equity of 7.64% and a net margin of 9.42%. The company had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same quarter last year, the firm earned $0.82 EPS.
Shares of NYSE:CNA traded down $0.48 during trading on Tuesday, hitting $49.35. 277,931 shares of the stock were exchanged, compared to its average volume of 239,723. CNA Financial has a 1-year low of $43.03 and a 1-year high of $55.62. The firm has a market capitalization of $13,384.61, a PE ratio of 14.60, a PEG ratio of 2.49 and a beta of 1.19. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.22.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 14th. Stockholders of record on Monday, February 26th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 2.43%. The ex-dividend date of this dividend was Friday, February 23rd. CNA Financial’s payout ratio is presently 35.50%.
In related news, EVP Scott L. Weber sold 1,486 shares of the business’s stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $49.83, for a total value of $74,047.38. Following the sale, the executive vice president now owns 2,382 shares of the company’s stock, valued at approximately $118,695.06. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Larry A. Haefner sold 7,457 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $53.25, for a total value of $397,085.25. Following the completion of the sale, the executive vice president now directly owns 42,460 shares in the company, valued at approximately $2,260,995. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by company insiders.
A number of hedge funds have recently made changes to their positions in CNA. The Manufacturers Life Insurance Company boosted its stake in CNA Financial by 7.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,230 shares of the insurance provider’s stock valued at $401,000 after buying an additional 565 shares in the last quarter. Sei Investments Co. boosted its stake in CNA Financial by 41.8% in the 3rd quarter. Sei Investments Co. now owns 10,592 shares of the insurance provider’s stock valued at $533,000 after buying an additional 3,121 shares in the last quarter. New York State Common Retirement Fund boosted its stake in CNA Financial by 9.5% in the 3rd quarter. New York State Common Retirement Fund now owns 159,800 shares of the insurance provider’s stock valued at $8,030,000 after buying an additional 13,800 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its stake in CNA Financial by 87.4% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 2,774 shares of the insurance provider’s stock valued at $146,000 after buying an additional 1,294 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in CNA Financial by 1.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 321,921 shares of the insurance provider’s stock valued at $16,175,000 after buying an additional 4,981 shares in the last quarter. 99.64% of the stock is currently owned by institutional investors and hedge funds.
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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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