Q3 2017 EPS Estimates for CNA Financial Corp. (CNA) Decreased by William Blair
CNA Financial Corp. (NYSE:CNA) – Equities researchers at William Blair reduced their Q3 2017 earnings estimates for shares of CNA Financial Corp. in a research report issued on Wednesday. William Blair analyst A. Klauber now forecasts that the firm will earn $0.77 per share for the quarter, down from their prior estimate of $0.94. William Blair also issued estimates for CNA Financial Corp.’s Q4 2017 earnings at $0.62 EPS, FY2017 earnings at $2.58 EPS and FY2018 earnings at $2.13 EPS.
Several other analysts have also commented on the stock. Zacks Investment Research raised shares of CNA Financial Corp. from a “hold” rating to a “buy” rating and set a $38.00 price objective on the stock in a research report on Monday, October 3rd. Keefe, Bruyette & Woods began coverage on shares of CNA Financial Corp. in a research note on Friday, October 7th. They issued a “market perform” rating and a $39.00 target price for the company.
Shares of CNA Financial Corp. (NYSE:CNA) opened at 38.87 on Monday. The stock’s 50 day moving average is $36.25 and its 200-day moving average is $33.28. CNA Financial Corp. has a one year low of $27.99 and a one year high of $39.25. The company has a market cap of $10.51 billion, a P/E ratio of 19.23 and a beta of 1.10.
CNA Financial Corp. (NYSE:CNA) last issued its quarterly earnings results on Monday, October 31st. The company reported $1.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.82 by $0.33. CNA Financial Corp. had a net margin of 5.93% and a return on equity of 5.14%. During the same quarter in the prior year, the firm posted $0.77 earnings per share.
A number of institutional investors have recently modified their holdings of the stock. River Road Asset Management LLC boosted its position in shares of CNA Financial Corp. by 86.9% in the third quarter. River Road Asset Management LLC now owns 1,106,398 shares of the company’s stock valued at $38,071,000 after buying an additional 514,415 shares in the last quarter. LSV Asset Management boosted its position in shares of CNA Financial Corp. by 1.4% in the third quarter. LSV Asset Management now owns 807,584 shares of the company’s stock valued at $27,788,000 after buying an additional 10,900 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of CNA Financial Corp. by 58.5% in the first quarter. Renaissance Technologies LLC now owns 651,000 shares of the company’s stock valued at $20,949,000 after buying an additional 240,300 shares in the last quarter. First Trust Advisors LP boosted its position in CNA Financial Corp. by 872.4% in the third quarter. First Trust Advisors LP now owns 410,868 shares of the company’s stock worth $14,138,000 after buying an additional 368,614 shares in the last quarter. Finally, Pacifica Capital Investments LLC boosted its position in CNA Financial Corp. by 0.3% in the second quarter. Pacifica Capital Investments LLC now owns 388,306 shares of the company’s stock worth $12,201,000 after buying an additional 981 shares in the last quarter. 98.92% of the stock is owned by institutional investors.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 30th. Investors of record on Monday, November 14th will be paid a dividend of $0.25 per share. The ex-dividend date is Wednesday, November 9th. This represents a $1.00 annualized dividend and a yield of 2.57%. CNA Financial Corp.’s dividend payout ratio is currently 49.75%.
CNA Financial Corp. 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. The Specialty segment provides an array of professional, financial, and specialty property and casualty products and services.
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