Q2 2024 EPS Estimates for CNA Financial Co. (NYSE:CNA) Raised by Analyst

CNA Financial Co. (NYSE:CNA) – Investment analysts at William Blair raised their Q2 2024 earnings per share estimates for shares of CNA Financial in a research note issued to investors on Tuesday, May 7th. William Blair analyst A. Klauber now anticipates that the insurance provider will post earnings of $1.30 per share for the quarter, up from their previous estimate of $1.23. The consensus estimate for CNA Financial’s current full-year earnings is $5.03 per share. William Blair also issued estimates for CNA Financial’s Q3 2025 earnings at $1.30 EPS and Q4 2025 earnings at $1.31 EPS.

CNA Financial (NYSE:CNA) last posted its quarterly earnings results on Monday, May 6th. The insurance provider reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.37 by ($0.07). CNA Financial had a return on equity of 14.33% and a net margin of 9.06%. The business had revenue of $3.44 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same period in the prior year, the business posted $1.19 earnings per share.

A number of other research analysts have also recently commented on CNA. StockNews.com cut CNA Financial from a “buy” rating to a “hold” rating in a report on Wednesday. Bank of America lowered shares of CNA Financial from a “neutral” rating to an “underperform” rating and boosted their price objective for the company from $39.00 to $43.00 in a report on Tuesday, February 6th. Finally, Keefe, Bruyette & Woods increased their target price on shares of CNA Financial from $48.00 to $50.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 10th.

CNA Financial Trading Up 1.4 %

Shares of CNA stock opened at $44.79 on Thursday. CNA Financial has a twelve month low of $36.41 and a twelve month high of $47.37. The stock has a market cap of $12.13 billion, a price-to-earnings ratio of 10.11, a PEG ratio of 1.76 and a beta of 0.63. The company’s 50-day moving average price is $44.06 and its 200-day moving average price is $43.00. 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 Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 6th. Stockholders of record on Monday, May 20th will be given a dividend of $0.44 per share. This is a boost from CNA Financial’s previous quarterly dividend of $0.42. This represents a $1.76 annualized dividend and a dividend yield of 3.93%. The ex-dividend date is Friday, May 17th. CNA Financial’s dividend payout ratio is currently 39.73%.

Insider Activity

In related news, CAO Daniel Paul Franzetti sold 23,301 shares of CNA Financial stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $44.78, for a total transaction of $1,043,418.78. Following the sale, the chief accounting officer now directly owns 63,996 shares in the company, valued at approximately $2,865,740.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.31% of the company’s stock.

Hedge Funds Weigh In On CNA Financial

Institutional investors have recently bought and sold shares of the company. Loews Corp raised its position in shares of 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 during the last quarter. Norges Bank acquired a new position in CNA Financial in the 4th quarter valued at about $14,296,000. Donald Smith & CO. Inc. lifted its holdings in CNA Financial by 20.3% in the 4th quarter. Donald Smith & CO. Inc. now owns 1,178,228 shares of the insurance provider’s stock valued at $49,851,000 after purchasing an additional 199,209 shares in the last quarter. New York State Common Retirement Fund boosted its stake in shares of CNA Financial by 93.6% during the 4th quarter. New York State Common Retirement Fund now owns 306,500 shares of the insurance provider’s stock worth $12,968,000 after purchasing an additional 148,174 shares during the last quarter. Finally, WBI Investments Inc. purchased a new position in shares of CNA Financial during the third quarter valued at approximately $2,939,000. 98.45% of the stock is owned by institutional investors and hedge funds.

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.