DOWLING & PARTN Estimates CNA Financial FY2028 Earnings

CNA Financial Corporation (NYSE:CNA) – Analysts at DOWLING & PARTN issued their FY2028 earnings per share estimates for shares of CNA Financial in a note issued to investors on Tuesday, September 29th. DOWLING & PARTN analyst D. Lukpanov anticipates that the insurance provider will post earnings per share of $5.00 for the year. The consensus estimate for CNA Financial’s current full-year earnings is $4.19 per share.

CNA Financial (NYSE:CNA) last issued its earnings results on Monday, August 3rd. The insurance provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.08 by $0.11. The firm had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $2.97 billion. CNA Financial had a return on equity of 11.34% and a net margin of 8.16%.During the same quarter in the prior year, the business earned $1.23 earnings per share.

Several other equities research analysts have also commented on the company. 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 shares of CNA Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, July 17th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

CNA Financial Stock Up 0.9%

Shares of CNA stock opened at $46.31 on Thursday. The stock has a 50 day moving average of $49.40 and a 200 day moving average of $47.64. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.27. The stock has a market cap of $12.53 billion, a P/E ratio of 10.18, a P/E/G ratio of 6.12 and a beta of 0.26. CNA Financial has a twelve month low of $41.53 and a twelve month high of $55.71.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in CNA. First Trust Advisors LP raised its position in shares of CNA Financial by 34.6% during the 1st quarter. First Trust Advisors LP now owns 2,101,092 shares of the insurance provider’s stock worth $96,482,000 after purchasing an additional 540,448 shares during the last quarter. BlackRock Inc. acquired a new stake in CNA Financial in the 2nd quarter worth about $80,193,000. CORDA Investment Management LLC. boosted its holdings in CNA Financial by 3.2% in the 2nd quarter. CORDA Investment Management LLC. now owns 753,707 shares of the insurance provider’s stock worth $36,638,000 after buying an additional 23,488 shares during the last quarter. Quantinno Capital Management LP increased its stake in CNA Financial by 48.9% during the 1st quarter. Quantinno Capital Management LP now owns 685,247 shares of the insurance provider’s stock worth $31,467,000 after buying an additional 225,030 shares in the last quarter. Finally, Norges Bank purchased a new stake in CNA Financial during the 4th quarter worth approximately $16,677,000. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Insider Buying and Selling

In other CNA Financial news, EVP Mark James sold 8,273 shares of the stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $53.15, for a total transaction of $439,709.95. Following the transaction, the executive vice president owned 26,446 shares in the company, valued at approximately $1,405,604.90. This represents a 23.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Daniel Franzetti sold 22,656 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $53.09, for a total value of $1,202,807.04. Following the completion of the sale, the chief accounting officer directly owned 68,032 shares in the company, valued at approximately $3,611,818.88. The trade was a 24.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.29% of the company’s stock.

CNA Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 3rd. Investors of record on Monday, August 17th were issued a $0.48 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a $1.92 dividend on an annualized basis and a yield of 4.1%. CNA Financial’s dividend payout ratio is presently 42.20%.

CNA Financial Company Profile

CNA Financial Corporation (NYSE: CNA) is a commercial property and casualty insurance company headquartered in Chicago, Illinois. Through its CNA Insurance operations, the company provides insurance products and risk-management services to businesses, professional organizations and other commercial customers.

CNA’s offerings include commercial property and casualty coverage, specialty insurance, professional liability, management liability, cyber insurance, workers’ compensation, marine insurance, surety and other risk solutions.