CNA Financial FY2027 EPS Forecast Lifted by Zacks Research

Key Points

• Zacks Research has raised its FY2027 earnings estimate for CNA Financial to $4.97 per share, up from the previous estimate of $4.93, surpassing the current consensus estimate of $4.64 per share.
• CNA Financial's stock has seen a trading increase of 0.9%, with a market cap of $12.47 billion and a price-to-earnings ratio of 14.35.
• The company declared a quarterly dividend of $0.46 per share, translating to an annualized dividend of $1.84 with a yield of 4.0%.

CNA Financial Corporation (NYSE:CNA - Free Report) - Stock analysts at Zacks Research raised their FY2027 earnings estimates for CNA Financial in a report released on Tuesday, September 23rd. Zacks Research analyst Team now forecasts that the insurance provider will earn $4.97 per share for the year, up from their prior estimate of $4.93. The consensus estimate for CNA Financial's current full-year earnings is $4.64 per share.

CNA Financial Trading Up 0.9%

CNA stock opened at $46.06 on Thursday. The business's 50-day moving average is $46.85 and its 200 day moving average is $47.19. CNA Financial has a 12-month low of $43.29 and a 12-month high of $51.42. The stock has a market cap of $12.47 billion, a price-to-earnings ratio of 14.35, a PEG ratio of 4.07 and a beta of 0.54. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.23.

CNA Financial (NYSE:CNA - Get Free Report) last announced its earnings results on Monday, August 4th. The insurance provider reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.29. CNA Financial had a net margin of 5.99% and a return on equity of 11.85%. The business had revenue of $3.37 billion for the quarter, compared to analyst estimates of $2.76 billion. During the same quarter last year, the business earned $1.19 earnings per share.

Institutional Investors Weigh In On CNA Financial

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CNA. Hexagon Capital Partners LLC increased its position in shares of CNA Financial by 56.4% during the 1st quarter. Hexagon Capital Partners LLC now owns 624 shares of the insurance provider's stock worth $32,000 after purchasing an additional 225 shares during the last quarter. Allworth Financial LP lifted its holdings in shares of CNA Financial by 102.3% in the 2nd quarter. Allworth Financial LP now owns 785 shares of the insurance provider's stock worth $37,000 after acquiring an additional 397 shares during the last quarter. IFP Advisors Inc boosted its position in shares of CNA Financial by 240.3% during the 2nd quarter. IFP Advisors Inc now owns 878 shares of the insurance provider's stock worth $41,000 after purchasing an additional 620 shares during the period. State of Wyoming acquired a new stake in CNA Financial in the 2nd quarter valued at approximately $53,000. Finally, Quantbot Technologies LP acquired a new position in CNA Financial during the second quarter worth $55,000. Institutional investors and hedge funds own 98.45% of the company's stock.

Insider Activity

In related news, Chairman Dino Robusto sold 6,250 shares of the business's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $49.00, for a total transaction of $306,250.00. Following the transaction, the chairman directly owned 686,838 shares in the company, valued at approximately $33,655,062. The trade was a 0.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Scott R. Lindquist sold 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $48.81, for a total transaction of $488,100.00. Following the completion of the transaction, the chief financial officer directly owned 89,867 shares in the company, valued at $4,386,408.27. This trade represents a 10.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 24,630 shares of company stock worth $1,204,802. Insiders own 0.30% of the company's stock.

CNA Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Monday, August 18th were given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date was Monday, August 18th. CNA Financial's dividend payout ratio is 57.32%.

CNA Financial Company Profile

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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