DOWLING & PARTN Predicts CNA Financial FY2028 Earnings

Key Points

• DOWLING & PARTN forecasts CNA Financial will earn $5.00 per share in FY2028, above the current full-year consensus estimate of $4.19.
• CNA’s latest quarterly results exceeded expectations, with EPS of $1.19 versus the $1.08 consensus and revenue of $3.83 billion compared with estimates of $2.97 billion.
• The stock opened at $44.88, down 2.4%, while CNA maintained a quarterly dividend of $0.48 per share, equivalent to a 4.3% annualized yield; analysts collectively rate the shares “Moderate Buy.”

CNA Financial Corporation (NYSE:CNA - Free Report) - Equities researchers at DOWLING & PARTN issued their FY2028 earnings per share estimates for CNA Financial in a research report issued to clients and investors on Tuesday, September 29th. DOWLING & PARTN analyst D. Lukpanov forecasts that the insurance provider will earn $5.00 per share for the year. The consensus estimate for CNA Financial's current full-year earnings is $4.19 per share.

CNA Financial (NYSE:CNA - Get Free Report) last released its quarterly earnings data on Monday, August 3rd. The insurance provider reported $1.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.08 by $0.11. The business had revenue of $3.83 billion for the quarter, compared to the consensus estimate of $2.97 billion. CNA Financial had a return on equity of 11.34% and a net margin of 8.16%.During the same quarter in the previous year, the company posted $1.23 EPS.

A number of other equities research analysts also recently issued reports on CNA. Zacks Research raised shares of CNA Financial from a "strong sell" rating to a "hold" rating in a research note on Thursday, July 16th. Weiss Ratings raised shares of CNA Financial from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, July 17th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy".

CNA Financial Stock Down 2.4%

NYSE CNA opened at $44.88 on Thursday. The stock has a 50 day moving average price of $49.67 and a 200-day moving average price of $47.65. CNA Financial has a one year low of $41.53 and a one year high of $55.71. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.27 and a current ratio of 0.27. The company has a market capitalization of $12.15 billion, a P/E ratio of 9.86, a P/E/G ratio of 6.14 and a beta of 0.27.

CNA Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Stockholders of record on Monday, August 17th were given a dividend of $0.48 per share. The ex-dividend date of this dividend was Monday, August 17th. This represents a $1.92 annualized dividend and a dividend yield of 4.3%. CNA Financial's payout ratio is currently 42.20%.

Insider Activity at CNA Financial

In related news, EVP Mark James sold 8,273 shares of the stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $53.15, for a total transaction of $439,709.95. Following the sale, the executive vice president owned 26,446 shares in the company, valued at approximately $1,405,604.90. This represents a 23.83% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Daniel Franzetti sold 22,656 shares of the firm's stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $53.09, for a total value of $1,202,807.04. Following the completion of the sale, the chief accounting officer owned 68,032 shares of the company's stock, valued at approximately $3,611,818.88. This represents a 24.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.29% of the company's stock.

Hedge Funds Weigh In On CNA Financial

A number of large investors have recently made changes to their positions in CNA. Compass Financial Management LLC purchased a new stake in CNA Financial in the 2nd quarter worth about $36,000. Allworth Financial LP bought a new stake in CNA Financial in the second quarter worth about $69,000. Whittier Trust Co. boosted its position in shares of CNA Financial by 13.8% during the first quarter. Whittier Trust Co. now owns 2,275 shares of the insurance provider's stock valued at $105,000 after buying an additional 275 shares during the period. Harbour Investments Inc. purchased a new position in shares of CNA Financial during the fourth quarter valued at approximately $114,000. Finally, Paragon Capital Management Ltd bought a new position in shares of CNA Financial during the second quarter valued at approximately $211,000. 98.45% of the stock is owned by hedge funds and other institutional investors.

CNA Financial Company Profile

CNA Financial Corporation NYSE: CNA is a commercial property and casualty insurance company headquartered in Chicago, Illinois. Through its CNA Insurance operations, the company provides insurance products and risk-management services to businesses, professional organizations and other commercial customers.

CNA's offerings include commercial property and casualty coverage, specialty insurance, professional liability, management liability, cyber insurance, workers' compensation, marine insurance, surety and other risk solutions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.