CNA Financial: A Beneficiary Of 'Higher For Longer' Interest Rates [Seeking Alpha]
CNA Financial Corporation (CNA)
Last cna financial corporation earnings: 2/10 06:00 am
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Source: Seeking Alpha
Revenues and earnings were especially strong in 2023, a performance overshadowed by concerns for financial service stocks. Conglomerate Loews significant ownership of CNA has played a protective role, akin to an insurance policy and "guard dog." A growing dividend yield close to 4% has been supplemented by special dividends every year for a decade, often doubling the annual income stream investors receive. The Fed's pivot to cutting rates has been put on pause, with some warning of renewed rate increases: e.g., Larry Summers recently cited a 15% probability rates would be bumped up due to entrenched inflation. If rates stay elevated for longer, what companies might benefit or be minimally damaged? P&C insurer CNA Financial ( NYSE: CNA ) is a company that qualifies and offers a 3.8% dividend yield. As last year showed, CNA's net interest income (NII) was able to benefit from higher interest rates. And if rates do drop, management ably navigated lower rates during the 15 years th
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CNA
News
- This Is Why CNA Financial Corporation's (NYSE:CNA) CEO Compensation Looks Appropriate [Yahoo! Finance]Yahoo! Finance
- CNA Financial to Report First Quarter 2024 Results and Host Conference Call on May 6PR Newswire
- CNA Financial Co. (NYSE: CNA) had its price target raised by analysts at Keefe, Bruyette & Woods from $48.00 to $50.00. They now have a "market perform" rating on the stock.MarketBeat
- Does CNA Financial (NYSE:CNA) Deserve A Spot On Your Watchlist? [Yahoo! Finance]Yahoo! Finance
- StrikeReady Posts Record Year; Builds on Strength of Industry-First AI Security Command Platform [Yahoo! Finance]Yahoo! Finance
CNA
Earnings
- 2/5/24 - Beat
CNA
Sec Filings
- 3/22/24 - Form ARS
- 3/22/24 - Form DEF
- 3/19/24 - Form 4
- CNA's page on the SEC website