CNA Financial (NYSE:CNA) Issues Earnings Results, Beats Expectations By $0.11 EPS

CNA Financial (NYSE:CNA) posted its quarterly earnings data on Monday. The insurance provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.11, FiscalAI reports. The firm had revenue of $3.83 billion for the quarter, compared to analyst estimates of $2.97 billion. CNA Financial had a return on equity of 11.57% and a net margin of 8.08%.

CNA Financial Stock Performance

Shares of NYSE:CNA opened at $52.54 on Monday. The company’s 50 day simple moving average is $48.12 and its 200 day simple moving average is $47.33. The stock has a market capitalization of $14.21 billion, a price-to-earnings ratio of 11.75, a price-to-earnings-growth ratio of 7.17 and a beta of 0.28. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.26 and a quick ratio of 0.26. CNA Financial has a 1 year low of $41.53 and a 1 year high of $55.71.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on CNA shares. Zacks Research upgraded CNA Financial from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 16th. Weiss Ratings raised CNA Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, July 17th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Institutional Investors Weigh In On CNA Financial

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. AQR Capital Management LLC boosted its holdings in shares of CNA Financial by 14.6% in the 4th quarter. AQR Capital Management LLC now owns 2,784,682 shares of the insurance provider’s stock valued at $132,941,000 after purchasing an additional 354,076 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of CNA Financial by 31.8% during the 4th quarter. First Trust Advisors LP now owns 1,560,644 shares of the insurance provider’s stock worth $74,505,000 after buying an additional 376,752 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of CNA Financial by 0.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 890,953 shares of the insurance provider’s stock worth $42,534,000 after buying an additional 2,348 shares in the last quarter. UBS Group AG lifted its position in shares of CNA Financial by 70.8% during the 3rd quarter. UBS Group AG now owns 689,473 shares of the insurance provider’s stock worth $32,033,000 after buying an additional 285,850 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its position in shares of CNA Financial by 69.5% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 656,067 shares of the insurance provider’s stock worth $30,481,000 after buying an additional 268,917 shares during the last quarter. 98.45% of the stock is currently owned by institutional investors.

About CNA Financial

CNA Financial Corporation is a leading U.S.-based commercial property and casualty insurance company offering a broad portfolio of risk management and insurance solutions. The company underwrites coverage for businesses of all sizes across a variety of industry sectors, including manufacturing, healthcare, energy, technology, construction and real estate. In addition to core property and casualty insurance, CNA delivers specialized products such as surety bonds, professional liability, environmental liability and commercial auto coverage.

Headquartered in Chicago, Illinois, CNA traces its origins to the founding of Continental Casualty Company in 1897.