Date | Price Target | Rating | Analyst |
---|---|---|---|
2/6/2024 | $39.00 → $43.00 | Neutral → Underperform | BofA Securities |
7/11/2023 | Outperform → Mkt Perform | Keefe Bruyette | |
5/3/2023 | $40.00 → $41.00 | Underperform → Neutral | BofA Securities |
Net income up 12% to $317 million versus $283 million in the prior year quarter; core income up 6% to $326 million versus $308 million in the prior year quarter. Core income for the first half of the year up 8% to a record $681 million.P&C core income of $380 million versus $374 million, reflects higher investment income partially offset by higher catastrophe losses.Net investment income up 7% to $618 million pretax, includes a $33 million increase from fixed income securities and other investments to $540 million and a $10 million increase from limited partnerships and common stock to $78 million.P&C combined ratio of 94.8%, compared with 93.8% in the prior year quarter, including 3.5 point
CHICAGO, July 9, 2024 /PRNewswire/ -- CNA Financial Corporation (NYSE:CNA) will report second quarter 2024 results before the market opens on Monday, July 29, 2024. The news release, earnings presentation and financial supplement will be available on CNA's website at www.cna.com via the Investor Relations section. Along with these documents CNA will post a transcript of earnings remarks, which will include commentary from the Company's Chairman & Chief Executive Officer, Dino Robusto, and Chief Financial Officer, Scott Lindquist. CNA invites shareholders and analysts to submit
Net income up 14% to $338 million versus $297 million in the prior year quarter; core income up 9% to $355 million, reflecting the best first quarter core income on record, versus $325 million in the prior year quarter.P&C core income of $372 million versus $346 million, reflects higher investment income and favorable net prior year development, partially offset by higher catastrophe losses.Net investment income up 16% to $609 million pretax, includes a $44 million increase from fixed income securities and other investments to $541 million and a $40 million increase from limited partnerships and common stock to $68 million.P&C combined ratio of 94.6%, compared with 93.9% in the prior year qu
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13F-HR - CNA FINANCIAL CORP (0000021175) (Filer)
10-Q - CNA FINANCIAL CORP (0000021175) (Filer)
BofA Securities downgraded CNA Financial from Neutral to Underperform and set a new price target of $43.00 from $39.00 previously
Keefe Bruyette downgraded CNA Financial from Outperform to Mkt Perform
BofA Securities upgraded CNA Financial from Underperform to Neutral and set a new price target of $41.00 from $40.00 previously
Net income up 12% to $317 million versus $283 million in the prior year quarter; core income up 6% to $326 million versus $308 million in the prior year quarter. Core income for the first half of the year up 8% to a record $681 million.P&C core income of $380 million versus $374 million, reflects higher investment income partially offset by higher catastrophe losses.Net investment income up 7% to $618 million pretax, includes a $33 million increase from fixed income securities and other investments to $540 million and a $10 million increase from limited partnerships and common stock to $78 million.P&C combined ratio of 94.8%, compared with 93.8% in the prior year quarter, including 3.5 point
NEW YORK, July 29, 2024 /PRNewswire/ -- Loews Corporation (NYSE:L) today released its second quarter 2024 financial results. Second Quarter 2024 highlights:Loews Corporation reported net income of $369 million, or $1.67 per share, in the second quarter of 2024, compared to $360 million, or $1.58 per share, in the second quarter of 2023. Excluding the prior period's $36 million gain at Loews Hotels, net income increased 14% year-over-year, driven by CNA and Boardwalk. The following are the highlights: CNA Financial Corporation's (NYSE:CNA) net income attributable to Loews improved year-over-year due to higher net investment income partially offset by higher catastrophe losses.Boardwalk Pipel
James Tisch to retire as President & CEO as of December 31, 2024;Loews Board elects Benjamin Tisch as President & CEO; James Tisch will become Chairman of the Board of Directors NEW YORK, July 29, 2024 /PRNewswire/ -- Loews Corporation (NYSE:L) announced today that, as part of its leadership succession plan, on December 31, 2024, James Tisch will retire as President and CEO and will be succeeded by Benjamin Tisch, current Senior Vice President, Corporate Development and Strategy. As part of the leadership transition, James Tisch will become Chairman of the Board of Directors, and Benjamin Tisch and Loews Hotels & Co's CEO Alexander Tisch will join the Board. Also, Andrew Tisch and Jonathan
4 - CNA FINANCIAL CORP (0000021175) (Issuer)
4 - CNA FINANCIAL CORP (0000021175) (Issuer)
4 - CNA FINANCIAL CORP (0000021175) (Issuer)
CNA Financial Corporation (NYSE:CNA) announced today that Executive Vice President & Global Head of Underwriting Doug Worman will become President and Chief Executive Officer of the company as of January 1, 2025. At that time, Dino E. Robusto, the current Chairman and CEO, will transition to the role of Executive Chairman of CNA's Board of Directors. In this role, Robusto will lead the board as well as serve as a strategic advisor to Worman in pursuit of the company's objectives.
The stock market is poised to mark a third consecutive session of gains, with major indices all trading in the green during midday trading in New York on Monday, as traders continue to react positively to quarterly earnings and the Federal Reserve’s unexpectedly dovish stance in its latest meeting. For Q1 2024, 80% of S&P 500 companies have disclosed actual results, with over three quarters of them surpassing EPS estimates and 61% exceeding revenue estimates, according to FactSet. The S&P 500 rose by 0.4%, with the tech-heavy Nasdaq 100 showing a similar daily surge. Small caps, as measured by the iShares Russell 2000 ETF Trust (NYSE:IWM), outperformed large caps, rising by 1.2%. Pa
Loews Corp (NYSE:L) reported first-quarter FY24 net income of $457 million, up 22% Y/Y. EPS of $2.05 was higher than the year-ago figure of $1.61. Revenues were $4.23 billion, higher than $3.78 billion a year ago. CNA Financial Corp (NYSE:CNA) revenue contribution increased to $3.44 billion from $3.15 billion a year ago, and net income rose to $310 million from $268 million a year ago. CNA’s net income benefited from higher net investment income and favorable net prior-year loss reserve development. Boardwalk Pipelines segment’s revenues rose to $517 million from $397 million in the year-ago quarter, and net income rose to $121 million from $86 million the prior year. Broadwa
James Tisch to retire as President & CEO as of December 31, 2024;Loews Board elects Benjamin Tisch as President & CEO; James Tisch will become Chairman of the Board of Directors NEW YORK, July 29, 2024 /PRNewswire/ -- Loews Corporation (NYSE:L) announced today that, as part of its leadership succession plan, on December 31, 2024, James Tisch will retire as President and CEO and will be succeeded by Benjamin Tisch, current Senior Vice President, Corporate Development and Strategy. As part of the leadership transition, James Tisch will become Chairman of the Board of Directors, and Benjamin Tisch and Loews Hotels & Co's CEO Alexander Tisch will join the Board. Also, Andrew Tisch and Jonathan
CHICAGO, June 5, 2024 /PRNewswire/ -- CNA Financial Corporation (NYSE:CNA) announced today that Executive Vice President & Global Head of Underwriting Doug Worman will become President and Chief Executive Officer of the company as of January 1, 2025. At that time, Dino E. Robusto, the current Chairman and CEO, will transition to the role of Executive Chairman of CNA's Board of Directors. In this role, Robusto will lead the board as well as serve as a strategic advisor to Worman in pursuit of the company's objectives. "We are extremely thankful to Dino who over the past 8 years has worked tirelessly to lead the company to record levels of profitability and top quartile underwriting performanc
CHICAGO, June 15, 2023 /PRNewswire/ -- CNA today announced the appointment of Dan Franzetti to a newly created position of Chief Administrative Officer, reporting to Dino Robusto. In this role, Franzetti will have oversight for a broad set of enterprise strategic functions including the global claims and legal organizations, compliance, government relations and a number of corporate services functions. "The addition of a Chief Administrative Officer is an important next step in the evolution of CNA's executive leadership team, and I am confident that Dan will bring the same level of impactful leadership as he did in his role as Global Head of Claims at CNA." Robusto said. "Dan's breadth of e