CNA Financial Co. Forecasted to Post Q2 2024 Earnings of $1.30 Per Share (NYSE:CNA)

CNA Financial Co. (NYSE:CNA) – William Blair lifted their Q2 2024 EPS estimates for CNA Financial in a research report issued on Tuesday, May 7th. William Blair analyst A. Klauber now anticipates that the insurance provider will earn $1.30 per share for the quarter, up from their previous forecast 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 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.07). CNA Financial had a net margin of 9.06% and a return on equity of 14.33%. 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 previous year, the company posted $1.19 earnings per share.

Several other brokerages have also recently issued reports on CNA. Keefe, Bruyette & Woods upped their target price on CNA Financial from $48.00 to $50.00 and gave the company a “market perform” rating in a report on Wednesday, April 10th. StockNews.com lowered CNA Financial from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Bank of America downgraded 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 report on Tuesday, February 6th.

CNA Financial Stock Up 1.4 %

CNA stock opened at $44.79 on Thursday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.26 and a current ratio of 0.26. CNA Financial has a one year low of $36.41 and a one year high of $47.37. The firm’s fifty day moving average is $44.06 and its 200 day moving average is $43.00. The firm has a market cap of $12.13 billion, a PE ratio of 10.11, a P/E/G ratio of 1.76 and a beta of 0.63.

Hedge Funds Weigh In On CNA Financial

Several hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC grew its stake in CNA Financial by 28.5% in the first quarter. GAMMA Investing LLC now owns 1,144 shares of the insurance provider’s stock worth $52,000 after purchasing an additional 254 shares in the last quarter. Signaturefd LLC grew its position in CNA Financial by 12.7% in the 4th quarter. Signaturefd LLC now owns 2,994 shares of the insurance provider’s stock valued at $127,000 after buying an additional 337 shares in the last quarter. Covestor Ltd increased its stake in CNA Financial by 36.2% during the 3rd quarter. Covestor Ltd now owns 1,903 shares of the insurance provider’s stock valued at $75,000 after buying an additional 506 shares during the period. CENTRAL TRUST Co bought a new position in shares of CNA Financial in the fourth quarter valued at approximately $25,000. Finally, Janiczek Wealth Management LLC increased its stake in shares of CNA Financial by 28.6% during the fourth quarter. Janiczek Wealth Management LLC now owns 2,716 shares of the insurance provider’s stock valued at $115,000 after acquiring an additional 604 shares during the period. 98.45% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at CNA Financial

In other CNA Financial news, CAO Daniel Paul Franzetti sold 23,301 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief accounting officer now directly owns 63,996 shares in the company, valued at approximately $2,865,740.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.31% of the company’s stock.

CNA Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 6th. Shareholders of record on Monday, May 20th will be issued a $0.44 dividend. The ex-dividend date of this dividend is Friday, May 17th. This represents a $1.76 dividend on an annualized basis and a yield of 3.93%. This is an increase from CNA Financial’s previous quarterly dividend of $0.42. CNA Financial’s dividend payout ratio (DPR) is 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.