CNA Financial Co. (NYSE:CNA – Get Rating) – William Blair lowered their Q3 2022 EPS estimates for CNA Financial in a note issued to investors on Monday, May 2nd. William Blair analyst A. Klauber now anticipates that the insurance provider will post earnings per share of $0.95 for the quarter, down from their prior forecast of $1.07. William Blair currently has a “Market Perform” rating on the stock. William Blair also issued estimates for CNA Financial’s Q4 2022 earnings at $0.97 EPS, FY2022 earnings at $4.15 EPS, Q1 2023 earnings at $1.17 EPS, Q2 2023 earnings at $1.20 EPS, Q3 2023 earnings at $1.09 EPS and FY2023 earnings at $4.60 EPS.
A number of other research firms have also recently weighed in on CNA. StockNews.com initiated coverage on CNA Financial in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Zacks Investment Research raised CNA Financial from a “sell” rating to a “hold” rating and set a $51.00 price objective on the stock in a research note on Monday, April 11th.
CNA Financial (NYSE:CNA – Get Rating) last issued its quarterly earnings results on Monday, May 2nd. The insurance provider reported $1.16 earnings per share for the quarter, missing the consensus estimate of $1.23 by ($0.07). CNA Financial had a net margin of 10.09% and a return on equity of 8.81%. During the same period in the prior year, the company earned $0.96 EPS.
Institutional investors have recently added to or reduced their stakes in the business. Allworth Financial LP purchased a new stake in CNA Financial in the first quarter valued at about $27,000. Signaturefd LLC raised its stake in CNA Financial by 103.5% in the first quarter. Signaturefd LLC now owns 578 shares of the insurance provider’s stock valued at $28,000 after buying an additional 294 shares during the last quarter. Advisor Group Holdings Inc. raised its stake in CNA Financial by 93.5% in the third quarter. Advisor Group Holdings Inc. now owns 778 shares of the insurance provider’s stock valued at $33,000 after buying an additional 376 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in CNA Financial in the fourth quarter valued at about $39,000. Finally, CENTRAL TRUST Co purchased a new stake in CNA Financial in the first quarter valued at about $45,000. Institutional investors own 99.04% of the company’s stock.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 2nd. Investors of record on Monday, May 16th will be paid a dividend of $0.40 per share. This is a boost from CNA Financial’s previous quarterly dividend of $0.38. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date of this dividend is Friday, May 13th. CNA Financial’s dividend payout ratio is 36.20%.
About CNA Financial (Get Rating)
CNA Financial Corporation provides commercial property and casualty insurance products primarily in the United States. 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 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 standard property and casualty coverages for healthcare industry; surety and fidelity bonds; and warranty and alternative risks products.
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