Analysts expect that Cna Financial Corp (NYSE:CNA) will post $2.59 billion in sales for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Cna Financial’s earnings. Cna Financial reported sales of $2.42 billion during the same quarter last year, which would suggest a positive year over year growth rate of 7%. The business is scheduled to issue its next earnings results before the market opens on Monday, November 5th.
According to Zacks, analysts expect that Cna Financial will report full year sales of $10.31 billion for the current year, with estimates ranging from $10.30 billion to $10.32 billion. For the next year, analysts anticipate that the business will report sales of $10.76 billion, with estimates ranging from $10.63 billion to $10.90 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Cna Financial.
Cna Financial (NYSE:CNA) last released its earnings results on Monday, July 30th. The insurance provider reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.01. Cna Financial had a net margin of 9.32% and a return on equity of 8.43%. The business had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.82 billion. During the same period in the previous year, the firm earned $0.88 EPS. The business’s revenue for the quarter was up 3.9% on a year-over-year basis.
NYSE CNA opened at $43.94 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.25 and a current ratio of 0.25. Cna Financial has a 12 month low of $43.06 and a 12 month high of $55.62. The company has a market capitalization of $12.39 billion, a P/E ratio of 13.00, a price-to-earnings-growth ratio of 2.20 and a beta of 1.10.
Institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA increased its position in shares of Cna Financial by 395.1% in the first quarter. BNP Paribas Arbitrage SA now owns 2,936 shares of the insurance provider’s stock worth $145,000 after acquiring an additional 2,343 shares in the last quarter. Trexquant Investment LP purchased a new position in shares of Cna Financial in the second quarter worth approximately $223,000. Raymond James Trust N.A. increased its position in shares of Cna Financial by 42.6% in the second quarter. Raymond James Trust N.A. now owns 6,019 shares of the insurance provider’s stock worth $275,000 after acquiring an additional 1,799 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Cna Financial in the second quarter worth approximately $288,000. Finally, GSA Capital Partners LLP purchased a new position in shares of Cna Financial in the first quarter worth approximately $317,000. 99.50% of the stock is currently 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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