CNA Financial Co. to Post Q1 2024 Earnings of $1.36 Per Share, Zacks Research Forecasts (NYSE:CNA)

CNA Financial Co. (NYSE:CNA) – Analysts at Zacks Research increased their Q1 2024 EPS estimates for shares of CNA Financial in a report released on Friday, April 19th. Zacks Research analyst T. De now expects that the insurance provider will post earnings of $1.36 per share for the quarter, up from their prior estimate of $1.32. The consensus estimate for CNA Financial’s current full-year earnings is $5.03 per share. Zacks Research also issued estimates for CNA Financial’s Q3 2024 earnings at $1.11 EPS, Q4 2024 earnings at $1.16 EPS, FY2024 earnings at $5.12 EPS, Q1 2025 earnings at $1.48 EPS, Q2 2025 earnings at $1.23 EPS, Q4 2025 earnings at $1.14 EPS, FY2025 earnings at $4.87 EPS and FY2026 earnings at $4.85 EPS.

CNA Financial (NYSE:CNA) last announced its earnings results on Monday, February 5th. The insurance provider reported $1.33 EPS for the quarter, topping the consensus estimate of $1.10 by $0.23. The firm had revenue of $3.51 billion for the quarter, compared to analysts’ expectations of $2.95 billion. CNA Financial had a return on equity of 14.33% and a net margin of 9.06%. During the same quarter in the previous year, the company earned $1.01 earnings per share.

CNA has been the topic of several other reports. StockNews.com upgraded shares of CNA Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, February 14th. Bank of America lowered shares of CNA Financial from a “neutral” rating to an “underperform” rating and increased their target price for the company from $39.00 to $43.00 in a research note on Tuesday, February 6th. Finally, Keefe, Bruyette & Woods raised their target price on shares of CNA Financial from $48.00 to $50.00 and gave the stock a “market perform” rating in a report on Wednesday, April 10th.

CNA Financial Stock Up 0.3 %

CNA opened at $44.56 on Monday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.26 and a current ratio of 0.26. The company has a market capitalization of $12.07 billion, a PE ratio of 10.06, a P/E/G ratio of 1.77 and a beta of 0.64. The stock’s fifty day moving average is $44.22 and its 200-day moving average is $42.68. CNA Financial has a one year low of $36.41 and a one year high of $47.37.

CNA Financial Increases Dividend

The business also recently declared a None dividend, which was paid on Thursday, March 7th. Investors of record on Tuesday, February 20th were paid a $2.44 dividend. The ex-dividend date was Friday, February 16th. This represents a yield of 3.8%. This is a boost from CNA Financial’s previous None dividend of $1.62. CNA Financial’s dividend payout ratio (DPR) is currently 39.73%.

Institutional Trading of CNA Financial

Hedge funds have recently bought and sold shares of the company. CWM LLC raised its holdings in shares of CNA Financial by 84.7% during the third quarter. CWM LLC now owns 1,398 shares of the insurance provider’s stock valued at $55,000 after acquiring an additional 641 shares during the period. Impact Partnership Wealth LLC acquired a new stake in CNA Financial during the 3rd quarter valued at $322,000. Greenwood Capital Associates LLC lifted its holdings in shares of CNA Financial by 4.4% in the third quarter. Greenwood Capital Associates LLC now owns 19,796 shares of the insurance provider’s stock valued at $779,000 after purchasing an additional 827 shares in the last quarter. Uncommon Cents Investing LLC acquired a new stake in shares of CNA Financial in the third quarter worth $250,000. Finally, Bfsg LLC purchased a new position in shares of CNA Financial during the third quarter valued at $254,000. 98.45% of the stock is owned by hedge funds and other institutional investors.

CNA Financial Company Profile

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.