CNA Financial Corporation (NYSE:CNA) was upgraded by stock analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Friday, September 1st.
Several other equities research analysts have also recently commented on CNA. Zacks Investment Research upgraded shares of CNA Financial Corporation from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a research report on Thursday, May 4th. BidaskClub lowered shares of CNA Financial Corporation from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 13th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a strong buy rating to the company. The company has an average rating of “Hold” and an average price target of $47.00.
CNA Financial Corporation (CNA) opened at 48.38 on Friday. The firm has a market capitalization of $13.11 billion, a PE ratio of 11.77 and a beta of 1.24. The firm’s 50-day moving average price is $50.60 and its 200-day moving average price is $47.05. CNA Financial Corporation has a 1-year low of $32.50 and a 1-year high of $53.67.
CNA Financial Corporation (NYSE:CNA) last posted its quarterly earnings data on Monday, July 31st. The insurance provider reported $0.88 earnings per share for the quarter, beating 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 last year, the company posted $0.77 EPS. On average, equities research analysts predict that CNA Financial Corporation will post $3.36 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 company’s stock in a transaction 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 directly owns 130,548 shares in the company, valued at $6,874,657.68. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.53% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Koch Industries Inc. bought a new stake in CNA Financial Corporation during the second quarter worth about $203,000. Verition Fund Management LLC lifted its position in CNA Financial Corporation by 21.2% during the second quarter. Verition Fund Management LLC now owns 7,517 shares of the insurance provider’s stock worth $366,000 after purchasing an additional 1,314 shares during the period. Susquehanna International Group LLP lifted its position in CNA Financial Corporation by 86.2% during the second quarter. Susquehanna International Group LLP now owns 39,185 shares of the insurance provider’s stock worth $1,910,000 after purchasing an additional 18,141 shares during the period. The Manufacturers Life Insurance Company lifted its position in CNA Financial Corporation by 7.4% during the second quarter. The Manufacturers Life Insurance Company now owns 8,230 shares of the insurance provider’s stock worth $401,000 after purchasing an additional 565 shares during the period. Finally, BlueCrest Capital Management Ltd bought a new position in shares of CNA Financial Corporation in the second quarter worth about $730,000. 99.56% of the stock is owned by institutional investors and hedge funds.
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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