Cna Financial Corp Forecasted to Earn Q1 2018 Earnings of $0.81 Per Share (CNA)
Cna Financial Corp (NYSE:CNA) – Equities research analysts at William Blair raised their Q1 2018 EPS estimates for Cna Financial in a report issued on Monday. William Blair analyst A. Klauber now expects that the insurance provider will earn $0.81 per share for the quarter, up from their prior forecast of $0.67. William Blair also issued estimates for Cna Financial’s Q2 2018 earnings at $0.86 EPS and Q3 2018 earnings at $0.96 EPS.
Several other analysts have also recently commented on the stock. Zacks Investment Research upgraded shares of Cna Financial from a “hold” rating to a “buy” rating and set a $59.00 price target on the stock in a research note on Thursday, January 4th. ValuEngine cut shares of Cna Financial from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 1st. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $55.00 price target on shares of Cna Financial in a research note on Wednesday, November 1st. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Cna Financial presently has a consensus rating of “Hold” and an average price target of $53.33.
Cna Financial (NYSE:CNA) last released its earnings results on Monday, February 12th. The insurance provider reported $1.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.23. Cna Financial had a net margin of 9.67% and a return on equity of 7.14%. During the same quarter in the previous year, the business posted $0.82 EPS.
Hedge funds have recently made changes to their positions in the business. Citadel Advisors LLC purchased a new stake in Cna Financial in the 3rd quarter worth $1,183,000. Allianz Asset Management GmbH lifted its stake 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 worth $21,039,000 after purchasing an additional 105,815 shares in the last quarter. Prudential Financial Inc. increased its holdings 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 worth $8,739,000 after buying an additional 28,400 shares during the last quarter. Mackenzie Financial Corp bought a new stake in shares of Cna Financial in the 3rd quarter worth about $2,830,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in shares of Cna Financial in the 3rd quarter worth about $838,000. Institutional investors and hedge funds own 99.82% of the company’s stock.
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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.
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