Cna Financial Corp (NYSE:CNA) – Research analysts at Langen Mcalenn raised their Q1 2019 EPS estimates for Cna Financial in a research note issued on Tuesday, November 6th. Langen Mcalenn analyst R. Glasspiegel now anticipates that the insurance provider will post earnings per share of $1.11 for the quarter, up from their previous estimate of $1.07. Langen Mcalenn also issued estimates for Cna Financial’s Q2 2019 earnings at $1.09 EPS, Q3 2019 earnings at $1.21 EPS and Q4 2019 earnings at $1.13 EPS.
Several other equities research analysts have also issued reports on CNA. Zacks Investment Research lowered shares of Cna Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, July 17th. ValuEngine lowered shares of Cna Financial from a “hold” rating to a “sell” rating in a research note on Friday, August 3rd.
Cna Financial (NYSE:CNA) last issued its earnings results on Monday, November 5th. The insurance provider reported $1.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.10. The company had revenue of $2.62 billion during the quarter, compared to analyst estimates of $2.59 billion. Cna Financial had a net margin of 11.00% and a return on equity of 9.91%. During the same quarter last year, the business posted $0.58 EPS.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 5th. Investors of record on Monday, November 19th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.93%. The ex-dividend date of this dividend is Friday, November 16th. Cna Financial’s payout ratio is presently 41.42%.
Hedge funds have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC acquired a new position in Cna Financial during the 2nd quarter worth $309,000. Natixis lifted its position in Cna Financial by 24.8% during the 2nd quarter. Natixis now owns 124,354 shares of the insurance provider’s stock worth $5,680,000 after acquiring an additional 24,736 shares during the last quarter. Strs Ohio acquired a new position in Cna Financial during the 2nd quarter worth $517,000. GAM Holding AG acquired a new position in Cna Financial during the 2nd quarter worth $1,001,000. Finally, Standard Life Aberdeen plc lifted its position in Cna Financial by 17.6% during the 2nd quarter. Standard Life Aberdeen plc now owns 9,339 shares of the insurance provider’s stock worth $426,000 after acquiring an additional 1,397 shares during the last quarter. 99.52% of the stock is owned by institutional investors and hedge funds.
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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