CNA Financial (NYSE:CNA) Posts Quarterly Earnings Results, Beats Estimates By $0.23 EPS

CNA Financial (NYSE:CNAGet Free Report) posted its earnings results on Monday. The insurance provider reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.23, MarketWatch Earnings reports. CNA Financial had a return on equity of 13.76% and a net margin of 8.42%. During the same quarter last year, the business posted $1.01 EPS.

CNA Financial Price Performance

CNA stock opened at $46.42 on Tuesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.27 and a quick ratio of 0.27. The firm has a market capitalization of $12.58 billion, a P/E ratio of 11.63, a P/E/G ratio of 1.69 and a beta of 0.63. The business’s 50-day moving average is $42.69 and its two-hundred day moving average is $40.88. CNA Financial has a 1 year low of $36.17 and a 1 year high of $46.87.

Institutional Investors Weigh In On CNA Financial

Hedge funds have recently bought and sold shares of the stock. American Century Companies Inc. raised its position in shares of CNA Financial by 6.9% during the 3rd quarter. American Century Companies Inc. now owns 6,188 shares of the insurance provider’s stock worth $243,000 after acquiring an additional 402 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in shares of CNA Financial during the 3rd quarter worth about $447,000. Royal Bank of Canada raised its position in shares of CNA Financial by 6.7% during the 3rd quarter. Royal Bank of Canada now owns 158,309 shares of the insurance provider’s stock worth $6,230,000 after acquiring an additional 9,888 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of CNA Financial by 14.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 22,752 shares of the insurance provider’s stock worth $895,000 after acquiring an additional 2,909 shares in the last quarter. Finally, Qube Research & Technologies Ltd raised its position in shares of CNA Financial by 32.0% during the 3rd quarter. Qube Research & Technologies Ltd now owns 30,207 shares of the insurance provider’s stock worth $1,189,000 after acquiring an additional 7,323 shares in the last quarter. Institutional investors and hedge funds own 98.44% of the company’s stock.

Wall Street Analysts Forecast Growth

CNA has been the topic of several research reports. StockNews.com raised CNA Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, November 8th. Bank of America lowered CNA Financial from a “neutral” rating to an “underperform” rating and increased their target price for the stock from $39.00 to $43.00 in a research note on Tuesday.

View Our Latest Stock Analysis on CNA Financial

CNA Financial Company Profile

(Get Free Report)

CNA Financial Corporation provides commercial property and casualty insurance products in the United States and internationally. It operates through Specialty, Commercial, International, Life & Group, and Corporate & Other segments. The company offers professional liability coverages and risk management services to various professional firms, including architects, real estate agents, and accounting and law firms; directors and officers, employment practices, fiduciary, and fidelity and cyber coverages to small and mid-size firms, public and privately held firms, and not-for-profit organizations; professional and general liability, as well as associated casualty coverages for healthcare industry; surety and fidelity bonds; and warranty and alternative risks products.

Further Reading

Earnings History for CNA Financial (NYSE:CNA)

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