Q4 2017 Earnings Forecast for Cna Financial Corp (CNA) Issued By Langen Mcalenn
Cna Financial Corp (NYSE:CNA) – Equities research analysts at Langen Mcalenn reduced their Q4 2017 EPS estimates for shares of Cna Financial in a research note issued to investors on Tuesday. Langen Mcalenn analyst R. Glasspiegel now expects that the insurance provider will post earnings of $0.68 per share for the quarter, down from their previous estimate 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 earnings results on Monday, October 30th. The insurance provider reported $0.58 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.27). Cna Financial had a net margin of 9.67% and a return on equity of 7.14%. The firm had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.37 billion. During the same period in the prior year, the business earned $1.15 earnings per share.
Cna Financial (NYSE:CNA) opened at $53.49 on Wednesday. The company has a quick ratio of 0.23, a current ratio of 0.23 and a debt-to-equity ratio of 0.22. Cna Financial has a 1-year low of $40.51 and a 1-year high of $55.62. The company has a market cap of $14,337.12, a PE ratio of 15.83, a price-to-earnings-growth ratio of 2.81 and a beta of 1.32.
Institutional investors and hedge funds have recently bought and sold shares of the company. Citadel Advisors LLC acquired a new stake in shares of Cna Financial in the 3rd quarter valued at approximately $1,183,000. Allianz Asset Management GmbH boosted its stake in shares of 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 purchasing an additional 105,815 shares in the last quarter. Prudential Financial Inc. boosted its stake in shares of Cna Financial by 19.5% in the 3rd quarter. Prudential Financial Inc. now owns 173,911 shares of the insurance provider’s stock valued at $8,739,000 after purchasing an additional 28,400 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Cna Financial in the 3rd quarter valued at approximately $838,000. Finally, Towle & Co. boosted its stake in shares of 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 purchasing an additional 11,227 shares in the last quarter. Institutional investors own 99.69% of the company’s stock.
WARNING: This piece of content was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of United States and international copyright laws. The original version of this piece of content can be read at https://www.thecerbatgem.com/2018/01/18/q4-2017-earnings-forecast-for-cna-financial-corp-cna-issued-by-langen-mcalenn.html.
Cna Financial 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. Its Specialty segment provides a range of professional, financial, and specialty property, and casualty products and services.
Receive News & Stock Ratings for Cna Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cna Financial and related stocks with our FREE daily email newsletter.