Q2 2024 EPS Estimates for CNA Financial Co. (NYSE:CNA) Cut by Zacks Research

CNA Financial Co. (NYSE:CNAFree Report) – Equities researchers at Zacks Research cut their Q2 2024 EPS estimates for CNA Financial in a research report issued on Thursday, March 28th. Zacks Research analyst T. De now anticipates that the insurance provider will post earnings per share of $1.49 for the quarter, down from their previous forecast of $1.50. The consensus estimate for CNA Financial’s current full-year earnings is $5.01 per share. Zacks Research also issued estimates for CNA Financial’s Q3 2024 earnings at $1.10 EPS, Q4 2024 earnings at $1.15 EPS, Q3 2025 earnings at $1.02 EPS, Q4 2025 earnings at $1.13 EPS and FY2025 earnings at $4.81 EPS.

A number of other equities research analysts have also weighed in on CNA. Keefe, Bruyette & Woods lifted their price objective on shares of CNA Financial from $46.00 to $48.00 and gave the company a “market perform” rating in a report on Monday, February 12th. StockNews.com upgraded CNA Financial from a “hold” rating to a “buy” rating in a report on Wednesday, February 14th. Finally, Bank of America cut CNA Financial from a “neutral” rating to an “underperform” rating and increased their price objective for the stock from $39.00 to $43.00 in a research note on Tuesday, February 6th.

Read Our Latest Report on CNA

CNA Financial Stock Up 1.3 %

Shares of CNA opened at $45.42 on Friday. The firm has a market capitalization of $12.30 billion, a P/E ratio of 10.25, a P/E/G ratio of 1.79 and a beta of 0.64. CNA Financial has a 12-month low of $36.41 and a 12-month high of $47.37. The firm has a fifty day moving average price of $44.55 and a 200-day moving average price of $42.17. 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 (NYSE:CNAGet Free Report) last posted its quarterly earnings data on Monday, February 5th. The insurance provider reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.23. CNA Financial had a return on equity of 14.33% and a net margin of 9.06%. The company had revenue of $3.51 billion during the quarter, compared to analysts’ expectations of $2.95 billion. During the same quarter in the previous year, the business earned $1.01 EPS.

Hedge Funds Weigh In On CNA Financial

Hedge funds and other institutional investors have recently modified their holdings of the business. CENTRAL TRUST Co bought a new position in CNA Financial in the fourth quarter worth approximately $25,000. Geneos Wealth Management Inc. lifted its stake in shares of CNA Financial by 258.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 555 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 400 shares during the last quarter. Blue Trust Inc. bought a new stake in CNA Financial during the fourth quarter valued at about $27,000. MetLife Investment Management LLC purchased a new position in CNA Financial in the first quarter valued at about $27,000. Finally, Credit Suisse AG bought a new position in CNA Financial in the second quarter worth about $38,000. 98.45% of the stock is currently owned by institutional investors.

CNA Financial Increases Dividend

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

CNA Financial Company Profile

(Get Free Report)

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.

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Earnings History and Estimates for CNA Financial (NYSE:CNA)

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