Cna Financial Corp Forecasted to Post Q4 2017 Earnings of $0.68 Per Share (CNA)

Cna Financial Corp (NYSE:CNA) – Langen Mcalenn decreased their Q4 2017 earnings per share (EPS) estimates for shares of Cna Financial in a research report issued to clients and investors on Tuesday. Langen Mcalenn analyst R. Glasspiegel now anticipates that the insurance provider will earn $0.68 per share for the quarter, down from their prior forecast of $0.72. Langen Mcalenn also issued estimates for Cna Financial’s FY2018 earnings at $3.75 EPS.

Cna Financial (NYSE:CNA) last released its quarterly earnings data on Monday, October 30th. The insurance provider reported $0.58 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.85 by ($0.27). Cna Financial had a return on equity of 7.14% and a net margin of 9.67%. The firm had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.37 billion. During the same period last year, the business earned $1.15 EPS.

A number of other equities analysts have also issued reports on CNA. Zacks Investment Research upgraded shares of Cna Financial from a “hold” rating to a “strong-buy” rating and set a $61.00 target price for the company in a research report on Tuesday, November 28th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $55.00 target price on shares of Cna Financial in a research report on Wednesday, November 1st. Finally, ValuEngine lowered shares of Cna Financial from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 1st. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $53.33.

Shares of Cna Financial (NYSE:CNA) opened at $53.89 on Wednesday. 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 twelve month low of $40.51 and a twelve month high of $55.62. The firm has a market cap of $14,505.25, a PE ratio of 15.94, a P/E/G ratio of 2.84 and a beta of 1.32.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Robeco Institutional Asset Management B.V. grew its position in Cna Financial by 60.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,126,396 shares of the insurance provider’s stock valued at $56,601,000 after buying an additional 424,158 shares in the last quarter. First Trust Advisors LP grew its position in Cna Financial by 26.1% in the 3rd quarter. First Trust Advisors LP now owns 770,306 shares of the insurance provider’s stock valued at $38,708,000 after buying an additional 159,401 shares in the last quarter. Acadian Asset Management LLC grew its position in Cna Financial by 9.8% in the 4th quarter. Acadian Asset Management LLC now owns 556,913 shares of the insurance provider’s stock valued at $29,543,000 after buying an additional 49,788 shares in the last quarter. Towle & Co. grew its position in Cna Financial by 2.4% in the 3rd quarter. Towle & Co. now owns 469,962 shares of the insurance provider’s stock valued at $23,616,000 after buying an additional 11,227 shares in the last quarter. Finally, Allianz Asset Management GmbH grew its position in Cna Financial by 33.8% in the 3rd quarter. Allianz Asset Management GmbH now owns 418,684 shares of the insurance provider’s stock valued at $21,039,000 after buying an additional 105,815 shares in the last quarter. Hedge funds and other institutional investors own 99.69% of the company’s stock.

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About Cna Financial

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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