
CNA Financial Corporation (NYSE:CNA – Free Report) – Equities research analysts at DOWLING & PARTN upped their FY2026 earnings per share estimates for CNA Financial in a note issued to investors on Wednesday, October 7th. DOWLING & PARTN analyst D. Lukpanov now forecasts that the insurance provider will earn $4.35 per share for the year, up from their previous estimate of $4.10. The consensus estimate for CNA Financial’s current full-year earnings is $4.19 per share.
CNA has been the subject of several other reports. Weiss Ratings cut shares of CNA Financial from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, October 2nd. Zacks Research raised shares of CNA Financial from a “strong sell” rating to a “hold” rating in a research report on Thursday, July 16th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, CNA Financial has a consensus rating of “Moderate Buy”.
CNA Financial Trading Up 1.8%
Shares of CNA Financial stock opened at $46.68 on Friday. The stock has a market cap of $12.63 billion, a P/E ratio of 10.26, a P/E/G ratio of 6.12 and a beta of 0.26. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.27. CNA Financial has a 12-month low of $41.53 and a 12-month high of $55.71. The business’s 50 day moving average is $48.74 and its 200-day moving average is $47.66.
CNA Financial (NYSE:CNA – Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The insurance provider reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.11. The firm had revenue of $3.83 billion during 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 period last year, the company earned $1.23 earnings per share.
Institutional Investors Weigh In On CNA Financial
Several institutional investors and hedge funds have recently added to or reduced their stakes in CNA. The Manufacturers Life Insurance Company bought a new stake in shares of CNA Financial during the second quarter worth $1,408,000. Hsbc Holdings PLC lifted its stake in shares of CNA Financial by 1,190.4% in the 2nd quarter. Hsbc Holdings PLC now owns 155,228 shares of the insurance provider’s stock valued at $7,622,000 after acquiring an additional 143,199 shares during the last quarter. Private Advisory Group LLC bought a new stake in CNA Financial during the 2nd quarter worth $7,857,000. Bank of America Corp DE bought a new stake in CNA Financial during the 2nd quarter worth $6,851,000. Finally, Squarepoint Ops LLC increased its holdings in CNA Financial by 24.8% in the 2nd quarter. Squarepoint Ops LLC now owns 280,337 shares of the insurance provider’s stock worth $13,627,000 after purchasing an additional 55,692 shares in the last quarter. 98.45% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In related news, EVP Mark James sold 8,273 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at $1,405,604.90. This represents a 23.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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 transaction, the chief accounting officer owned 68,032 shares in the company, valued at $3,611,818.88. The trade was a 24.98% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.29% of the company’s stock.
CNA Financial Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 3rd. Shareholders of record on Monday, August 17th were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date was Monday, August 17th. CNA Financial’s dividend payout ratio is presently 42.20%.
About CNA Financial
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.
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