Q1 2024 Earnings Estimate for CNA Financial Co. Issued By Zacks Research (NYSE:CNA)

CNA Financial Co. (NYSE:CNA) – Research analysts at Zacks Research lifted their Q1 2024 earnings estimates for shares of CNA Financial in a note issued to investors on Friday, April 19th. Zacks Research analyst T. De now forecasts 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 posted its quarterly earnings results on Monday, February 5th. The insurance provider reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.23. CNA Financial had a return on equity of 14.33% and a net margin of 9.06%. The business had revenue of $3.51 billion for the quarter, compared to analyst estimates of $2.95 billion. During the same period last year, the company earned $1.01 EPS.

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

CNA Financial Trading Up 0.3 %

NYSE:CNA opened at $44.56 on Monday. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.25. CNA Financial has a 1-year low of $36.41 and a 1-year high of $47.37. The firm has a market capitalization of $12.07 billion, a price-to-earnings ratio of 10.06, a PEG ratio of 1.77 and a beta of 0.64. The business’s 50-day moving average price is $44.22 and its two-hundred day moving average price is $42.68.

CNA Financial Increases Dividend

The firm also recently declared a None dividend, which was paid on Thursday, March 7th. Shareholders of record on Tuesday, February 20th were issued a $2.44 dividend. This is an increase from CNA Financial’s previous None dividend of $1.62. This represents a dividend yield of 3.8%. The ex-dividend date of this dividend was Friday, February 16th. CNA Financial’s dividend payout ratio is 39.73%.

Hedge Funds Weigh In On CNA Financial

Several institutional investors have recently modified their holdings of the business. Loews Corp increased its stake in CNA Financial by 1.8% during the 3rd quarter. Loews Corp now owns 248,414,738 shares of the insurance provider’s stock worth $9,775,120,000 after purchasing an additional 4,456,050 shares in the last quarter. Donald Smith & CO. Inc. increased its position in shares of CNA Financial by 20.3% during the fourth quarter. Donald Smith & CO. Inc. now owns 1,178,228 shares of the insurance provider’s stock worth $49,851,000 after acquiring an additional 199,209 shares in the last quarter. Private Management Group Inc. raised its holdings in shares of CNA Financial by 8.3% during the third quarter. Private Management Group Inc. now owns 875,207 shares of the insurance provider’s stock worth $34,439,000 after acquiring an additional 66,795 shares during the period. CORDA Investment Management LLC. lifted its position in CNA Financial by 0.4% in the 4th quarter. CORDA Investment Management LLC. now owns 631,186 shares of the insurance provider’s stock valued at $26,705,000 after acquiring an additional 2,775 shares in the last quarter. Finally, Norges Bank acquired a new position in CNA Financial in the 4th quarter worth $14,296,000. Institutional investors own 98.45% of the company’s stock.

About CNA Financial

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.