CNA Financial Co. (NYSE:CNA) Expected to Post Q1 2024 Earnings of $1.36 Per Share

CNA Financial Co. (NYSE:CNA) – Research analysts at Zacks Research lifted their Q1 2024 EPS estimates for shares of CNA Financial in a report issued on Friday, April 19th. Zacks Research analyst T. De now forecasts that the insurance provider will earn $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.

A number of other equities analysts have also recently weighed in on the company. Keefe, Bruyette & Woods lifted their price target on CNA Financial from $48.00 to $50.00 and gave the stock a “market perform” rating in a research note on Wednesday, April 10th. Bank of America cut CNA Financial from a “neutral” rating to an “underperform” rating and lifted their target price for the company from $39.00 to $43.00 in a research note on Tuesday, February 6th. Finally, StockNews.com raised CNA Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, February 14th.

CNA Financial Price Performance

Shares of NYSE CNA opened at $44.44 on Monday. CNA Financial has a fifty-two week low of $36.41 and a fifty-two week high of $47.37. The firm’s 50-day simple moving average is $44.25 and its 200 day simple moving average is $42.65. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.25. The stock has a market cap of $12.04 billion, a P/E ratio of 10.03, a P/E/G ratio of 1.77 and a beta of 0.64.

CNA Financial (NYSE:CNA) last announced its quarterly earnings data 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 firm had revenue of $3.51 billion for the quarter, compared to analysts’ expectations of $2.95 billion. During the same period last year, the business posted $1.01 earnings per share.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CNA. GAMMA Investing LLC boosted its stake in shares of CNA Financial by 28.5% during the 1st quarter. GAMMA Investing LLC now owns 1,144 shares of the insurance provider’s stock worth $52,000 after acquiring an additional 254 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in CNA Financial by 2.6% during the 4th quarter. Public Employees Retirement System of Ohio now owns 11,613 shares of the insurance provider’s stock worth $491,000 after purchasing an additional 289 shares during the last quarter. Mariner LLC lifted its holdings in CNA Financial by 3.8% during the 3rd quarter. Mariner LLC now owns 8,102 shares of the insurance provider’s stock worth $319,000 after purchasing an additional 296 shares during the last quarter. Signaturefd LLC lifted its holdings in CNA Financial by 12.7% during the 4th quarter. Signaturefd LLC now owns 2,994 shares of the insurance provider’s stock worth $127,000 after purchasing an additional 337 shares during the last quarter. Finally, Captrust Financial Advisors lifted its holdings in CNA Financial by 25.7% during the 2nd quarter. Captrust Financial Advisors now owns 1,732 shares of the insurance provider’s stock worth $78,000 after purchasing an additional 354 shares during the last quarter. 98.45% of the stock is currently owned by institutional investors.

CNA Financial Increases Dividend

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

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.