CNA Financial Corporation (CNA) Cut to Buy at ValuEngine
ValuEngine cut shares of CNA Financial Corporation (NYSE:CNA) from a strong-buy rating to a buy rating in a research note released on Monday.
Other research analysts have also issued research reports about the company. BidaskClub lowered CNA Financial Corporation from a strong-buy rating to a buy rating in a report on Thursday, July 13th. Zacks Investment Research lowered CNA Financial Corporation from a buy rating to a hold rating in a report on Tuesday, July 4th. Finally, Keefe, Bruyette & Woods reaffirmed a hold rating and issued a $50.00 target price on shares of CNA Financial Corporation in a report on Thursday, September 21st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $45.00.
CNA Financial Corporation (CNA) traded up 0.207% during trading on Monday, reaching $50.775. The company’s stock had a trading volume of 14,925 shares. CNA Financial Corporation has a 52-week low of $34.20 and a 52-week high of $53.67. The stock’s 50-day moving average is $49.55 and its 200 day moving average is $47.63. The firm has a market capitalization of $13.76 billion, a price-to-earnings ratio of 12.357 and a beta of 1.25.
CNA Financial Corporation (NYSE:CNA) last issued its quarterly earnings data on Monday, July 31st. The insurance provider reported $0.88 EPS for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.13. The business had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.35 billion. CNA Financial Corporation had a return on equity of 8.40% and a net margin of 11.72%. During the same quarter in the prior year, the firm posted $0.77 EPS. On average, analysts predict that CNA Financial Corporation will post $3.39 EPS for the current fiscal year.
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In other CNA Financial Corporation news, CFO D Craig Mense sold 23,450 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $52.66, for a total value of $1,234,877.00. Following the sale, the chief financial officer now owns 130,548 shares of the company’s stock, valued at approximately $6,874,657.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.53% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Acrospire Investment Management LLC grew its holdings in CNA Financial Corporation by 111.1% in the 2nd quarter. Acrospire Investment Management LLC now owns 2,090 shares of the insurance provider’s stock valued at $102,000 after buying an additional 1,100 shares during the last quarter. Parallel Advisors LLC grew its holdings in CNA Financial Corporation by 16.5% in the 1st quarter. Parallel Advisors LLC now owns 3,021 shares of the insurance provider’s stock valued at $136,000 after buying an additional 427 shares during the last quarter. SG Americas Securities LLC grew its holdings in CNA Financial Corporation by 6.1% in the 1st quarter. SG Americas Securities LLC now owns 3,914 shares of the insurance provider’s stock valued at $173,000 after buying an additional 224 shares during the last quarter. Gotham Asset Management LLC acquired a new stake in CNA Financial Corporation in the 2nd quarter valued at approximately $221,000. Finally, Harbour Capital Advisors LLC acquired a new stake in CNA Financial Corporation in the 1st quarter valued at approximately $206,000. 99.56% of the stock is currently owned by hedge funds and other institutional investors.
About CNA Financial Corporation
CNA Financial Corporation is an insurance holding company. The Company’s segments include Specialty, Commercial, International, Life & Group Non-Core, and Corporate & Other Non-Core. Its Specialty segment provides a range of professional, financial, and specialty property, and casualty products and services.
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