Brokerages expect Cna Financial Corp (NYSE:CNA) to announce $2.38 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued 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 business is expected to announce its next quarterly earnings results on Monday, May 7th.
According to Zacks, 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 forecast that the business will report sales of $9.85 billion per share, with estimates ranging from $9.42 billion to $10.27 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Cna Financial.
Cna Financial (NYSE:CNA) last announced its quarterly earnings results on Monday, February 12th. The insurance provider reported $1.05 earnings per share (EPS) for the quarter, beating the 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 business had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter last year, the firm posted $0.82 EPS.
In other news, EVP Larry A. Haefner sold 7,457 shares of Cna Financial stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $53.25, for a total transaction of $397,085.25. Following the completion of the sale, the executive vice president now owns 42,460 shares of the company’s stock, valued at $2,260,995. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.53% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently bought and sold shares of the company. DekaBank Deutsche Girozentrale lifted its holdings in shares of Cna Financial by 87.4% during the third quarter. DekaBank Deutsche Girozentrale now owns 2,774 shares of the insurance provider’s stock worth $146,000 after buying an additional 1,294 shares in the last quarter. Raymond James Trust N.A. acquired a new stake in shares of Cna Financial during the fourth quarter worth $211,000. Magnetar Financial LLC acquired a new stake in shares of Cna Financial during the third quarter worth $204,000. Verition Fund Management LLC acquired a new stake in shares of Cna Financial during the fourth quarter worth $229,000. Finally, SG Americas Securities LLC lifted its holdings in shares of Cna Financial by 37.9% during the third quarter. SG Americas Securities LLC now owns 4,386 shares of the insurance provider’s stock worth $220,000 after buying an additional 1,205 shares in the last quarter. 99.71% of the stock is owned by institutional investors.
Shares of Cna Financial (NYSE:CNA) opened at $53.27 on Wednesday. Cna Financial has a twelve month low of $41.48 and a twelve month high of $55.62. The stock has a market capitalization of $14,537.26, a price-to-earnings ratio of 16.09, a price-to-earnings-growth ratio of 2.70 and a beta of 1.23. 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 announced a quarterly dividend, which will be paid on Wednesday, March 14th. Stockholders of record on Monday, February 26th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date is Friday, February 23rd. Cna Financial’s dividend payout ratio is currently 36.25%.
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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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