Equities Analysts Set Expectations for CNA Financial Co.'s Q2 2024 Earnings (NYSE:CNA)

CNA Financial Co. (NYSE:CNA - Free Report) - Equities researchers at Zacks Research dropped their Q2 2024 earnings per share (EPS) estimates for shares of CNA Financial in a research report issued to clients and investors on Thursday, March 28th. Zacks Research analyst T. De now forecasts that the insurance provider will post earnings of $1.49 per share 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.

CNA Financial (NYSE:CNA - Get Free Report) last issued its quarterly earnings results on Monday, February 5th. The insurance provider reported $1.33 EPS for the quarter, beating analysts' consensus estimates of $1.10 by $0.23. CNA Financial had a net margin of 9.06% and a return on equity of 14.33%. The business 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 earned $1.01 earnings per share.

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

CNA Financial Stock Performance

NYSE:CNA traded up $0.57 during trading hours on Friday, reaching $45.42. 222,385 shares of the company's stock were exchanged, compared to its average volume of 202,391. The company has a 50-day moving average of $44.55 and a 200 day moving average of $42.17. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.25. CNA Financial has a 1-year low of $36.41 and a 1-year high of $47.37. The firm has a market capitalization of $12.30 billion, a price-to-earnings ratio of 10.25, a P/E/G ratio of 1.79 and a beta of 0.64.

CNA Financial Increases Dividend

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

Hedge Funds Weigh In On CNA Financial

Several large investors have recently added to or reduced their stakes in CNA. Janiczek Wealth Management LLC lifted its holdings in CNA Financial by 14.0% in the 3rd quarter. Janiczek Wealth Management LLC now owns 2,112 shares of the insurance provider's stock worth $83,000 after buying an additional 260 shares during the period. Public Employees Retirement System of Ohio lifted its position in shares of 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 valued at $491,000 after buying an additional 289 shares in the last quarter. Mariner LLC increased its stake in CNA Financial by 3.8% in the 3rd quarter. Mariner LLC now owns 8,102 shares of the insurance provider's stock worth $319,000 after buying an additional 296 shares in the last quarter. Signaturefd LLC increased its stake in CNA Financial by 12.7% in the fourth 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 period. Finally, Captrust Financial Advisors lifted its holdings in CNA Financial by 25.7% during the second quarter. Captrust Financial Advisors now owns 1,732 shares of the insurance provider's stock worth $78,000 after buying an additional 354 shares during the period. Institutional investors own 98.45% of the company's stock.

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.