CNA Financial FY2027 EPS Estimate Lowered by Zacks Research

CNA Financial Corporation (NYSE:CNA) – Zacks Research cut their FY2027 EPS estimates for shares of CNA Financial in a research report issued on Monday, November 17th. Zacks Research analyst Team now forecasts that the insurance provider will post earnings of $4.96 per share for the year, down from their previous estimate of $4.97. Zacks Research currently has a “Strong-Buy” rating on the stock. The consensus estimate for CNA Financial’s current full-year earnings is $4.64 per share.

CNA Financial (NYSE:CNA) last announced its quarterly earnings results on Monday, November 3rd. The insurance provider reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.25. The firm had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $2.84 billion. CNA Financial had a net margin of 5.99% and a return on equity of 11.85%. During the same period in the previous year, the company earned $1.08 earnings per share.

Several other research analysts have also commented on the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of CNA Financial in a research report on Thursday, November 13th. Wall Street Zen upgraded shares of CNA Financial from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $53.00.

CNA Financial Stock Up 1.1%

CNA opened at $46.29 on Wednesday. CNA Financial has a one year low of $43.29 and a one year high of $51.42. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.27 and a current ratio of 0.27. The stock has a market capitalization of $12.53 billion, a P/E ratio of 14.42, a price-to-earnings-growth ratio of 3.86 and a beta of 0.50. The business’s 50-day simple moving average is $45.87 and its 200-day simple moving average is $46.41.

CNA Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Stockholders of record on Monday, November 17th will be paid a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 4.0%. The ex-dividend date is Monday, November 17th. CNA Financial’s dividend payout ratio (DPR) is 50.41%.

Insider Transactions at CNA Financial

In related news, CFO Scott R. Lindquist sold 10,000 shares of the stock in a transaction dated Wednesday, September 3rd. The shares were 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 of the company’s stock, valued at $4,386,408.27. This represents a 10.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman Dino Robusto sold 6,250 shares of CNA Financial stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $45.28, for a total value of $283,000.00. Following the completion of the sale, the chairman directly owned 674,338 shares in the company, valued at $30,534,024.64. This represents a 0.92% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 37,130 shares of company stock worth $1,776,865. Company insiders own 0.30% of the company’s stock.

Institutional Investors Weigh In On CNA Financial

Institutional investors have recently made changes to their positions in the stock. Applied Finance Capital Management LLC lifted its position in shares of CNA Financial by 3.4% in the first quarter. Applied Finance Capital Management LLC now owns 6,829 shares of the insurance provider’s stock valued at $347,000 after acquiring an additional 227 shares in the last quarter. Alpine Bank Wealth Management raised its stake in CNA Financial by 70.0% in the 3rd quarter. Alpine Bank Wealth Management now owns 556 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 229 shares during the last quarter. Lazard Asset Management LLC lifted its holdings in CNA Financial by 6.8% in the 2nd quarter. Lazard Asset Management LLC now owns 3,957 shares of the insurance provider’s stock valued at $184,000 after purchasing an additional 253 shares in the last quarter. Focus Partners Wealth boosted its stake in shares of CNA Financial by 2.9% during the 3rd quarter. Focus Partners Wealth now owns 9,305 shares of the insurance provider’s stock worth $432,000 after purchasing an additional 258 shares during the last quarter. Finally, Signaturefd LLC boosted its stake in shares of CNA Financial by 7.7% during the 2nd quarter. Signaturefd LLC now owns 3,680 shares of the insurance provider’s stock worth $171,000 after purchasing an additional 264 shares during the last quarter. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

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.