Revenue Update on Cna Financial Corp(NYSE:CNA)

Cna Financial Corp(NYSE:CNA) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 1, 2016. Company reported revenue of $2.35B. Analysts estimated a revenue of $2.18B. Earnings per share were $0.74. Analysts had estimated an EPS of $0.75.

Cna Financial Corp (CNA) made into the market gainers list on Mondays trading session with the shares advancing 0.24% or 0.08 points. Due to strong positive momentum, the stock ended at $32.85, which is also near the day’s high of $32.93. The stock began the session at $32.83 and the volume stood at 1,05,654 shares. The 52-week high of the shares is $39.64 and the 52 week low is $27.99. The company has a current market capitalization of $8,885 M and it has 27,04,83,160 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Mar 11, 2016, Corp Loews (10% owner) purchased 105,100 shares at $30.23 per share price.Also, On May 14, 2015, Jonathan D Kantor (EVP, Gen. Counsel & Sec.) sold 40,276 shares at $39.15 per share price.On Feb 12, 2015, D Craig Mense (EVP & CFO) sold 25,000 shares at $42.09 per share price, according to the Form-4 filing with the securities and exchange commission.

CNA Financial Corporation (CNAF) is an insurance holding company. Collectively CNAF and its subsidiaries are referred to as CNA or the Company. CNA’s core business commercial property and casualty insurance operations is reported in three business segments: Specialty Commercial and International. Its non-core businesses are managed in two business segments: Life & Group Non-Core and Corporate & Other Non-Core. The Company’s insurance products primarily include commercial property and casualty coverages including surety. Its services include risk management information services warranty and claims administration. The Company’s Life & Group Non-Core segment primarily includes the results of the Company’s individual and group long term care businesses that are in run-off. Long term care policies provide benefits for nursing home assisted living and home health care subject to various daily and lifetime caps.

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