ValuEngine Downgrades CNA Financial Corporation (CNA) to Buy
CNA Financial Corporation (NYSE:CNA) was downgraded by research analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a research note issued on Monday.
Several other brokerages have also issued reports on CNA. Zacks Investment Research raised shares of CNA Financial Corporation from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a report on Monday, June 5th. BidaskClub lowered CNA Financial Corporation from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 13th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $50.00 target price on shares of CNA Financial Corporation in a report on Thursday, August 3rd. One research 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 has a consensus rating of “Hold” and an average price target of $47.00.
CNA Financial Corporation (NYSE CNA) traded up 0.84% during mid-day trading on Monday, hitting $50.67. The company had a trading volume of 145,892 shares. The company has a 50 day moving average of $49.66 and a 200 day moving average of $47.56. The firm has a market capitalization of $13.73 billion, a PE ratio of 12.33 and a beta of 1.25. CNA Financial Corporation has a 1-year low of $33.98 and a 1-year high of $53.67.
CNA Financial Corporation (NYSE:CNA) last announced its quarterly earnings results on Monday, July 31st. The insurance provider reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.13. CNA Financial Corporation had a net margin of 11.72% and a return on equity of 8.40%. The firm had revenue of $2.32 billion during the quarter, compared to analysts’ expectations of $2.35 billion. During the same quarter in the prior year, the company earned $0.77 EPS. Analysts predict that CNA Financial Corporation will post $3.39 earnings per share for the current fiscal year.
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In other news, CFO D Craig Mense sold 23,450 shares of CNA Financial Corporation stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $52.66, for a total value of $1,234,877.00. Following the transaction, the chief financial officer now owns 130,548 shares of the company’s stock, valued at approximately $6,874,657.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.53% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of CNA. Acrospire Investment Management LLC lifted its position in CNA Financial Corporation by 111.1% during the second quarter. Acrospire Investment Management LLC now owns 2,090 shares of the insurance provider’s stock valued at $102,000 after acquiring an additional 1,100 shares during the last quarter. Parallel Advisors LLC boosted its stake in CNA Financial Corporation by 16.5% in the first quarter. Parallel Advisors LLC now owns 3,021 shares of the insurance provider’s stock valued at $136,000 after acquiring an additional 427 shares in the last quarter. SG Americas Securities LLC boosted its stake in CNA Financial Corporation by 6.1% in the first quarter. SG Americas Securities LLC now owns 3,914 shares of the insurance provider’s stock valued at $173,000 after acquiring an additional 224 shares in the last quarter. Koch Industries Inc. acquired a new stake in CNA Financial Corporation in the second quarter valued at approximately $203,000. Finally, Harbour Capital Advisors LLC acquired a new stake in CNA Financial Corporation in the first quarter valued at approximately $206,000. Hedge funds and other institutional investors own 99.56% of the company’s stock.
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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