CNA Financial Corporation (NYSE:CNA) has received a consensus broker rating score of 2.67 (Hold) from the six analysts that cover the company, Zacks Investment Research reports. Five analysts have rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company.
Analysts have set a one year consensus target price of $45.00 for the company and are predicting that the company will post $0.90 EPS for the current quarter, according to Zacks. Zacks has also assigned CNA Financial Corporation an industry rank of 214 out of 265 based on the ratings given to related companies.
Several equities analysts have recently commented on CNA shares. Zacks Investment Research raised CNA Financial Corporation from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a report on Tuesday, April 18th. BidaskClub lowered CNA Financial Corporation from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 13th. Finally, Deutsche Bank AG lowered CNA Financial Corporation from a “buy” rating to a “hold” rating and upped their target price for the company from $45.00 to $46.00 in a report on Tuesday, May 2nd.
Shares of CNA Financial Corporation (CNA) traded up 1.39% on Friday, hitting $52.67. The company’s stock had a trading volume of 216,758 shares. The firm has a market cap of $14.27 billion, a PE ratio of 13.54 and a beta of 1.21. CNA Financial Corporation has a 1-year low of $30.94 and a 1-year high of $53.05. The company has a 50 day moving average of $48.81 and a 200 day moving average of $45.11.
CNA Financial Corporation (NYSE:CNA) last posted its earnings results on Monday, July 31st. The insurance provider reported $0.88 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.13. The company had revenue of $2.32 billion during the quarter, compared to analyst estimates of $2.35 billion. CNA Financial Corporation had a return on equity of 8.11% and a net margin of 11.08%. During the same period in the prior year, the company earned $0.77 earnings per share. Equities analysts forecast that CNA Financial Corporation will post $3.25 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 30th. Investors of record on Monday, August 14th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.31%. This is a positive change from CNA Financial Corporation’s previous quarterly dividend of $0.25. CNA Financial Corporation’s dividend payout ratio is 25.77%.
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In related news, Director Joseph Rosenberg sold 15,000 shares of the stock in a transaction that occurred on Wednesday, May 3rd. The stock was sold at an average price of $45.02, for a total value of $675,300.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.53% of the company’s stock.
A number of institutional investors have recently modified their holdings of CNA. Bank of America Corp DE raised its position in shares of CNA Financial Corporation by 0.5% in the first quarter. Bank of America Corp DE now owns 693,798 shares of the insurance provider’s stock worth $30,645,000 after buying an additional 3,408 shares during the period. Denali Advisors LLC raised its position in shares of CNA Financial Corporation by 12.9% in the first quarter. Denali Advisors LLC now owns 181,500 shares of the insurance provider’s stock worth $8,017,000 after buying an additional 20,700 shares during the period. Prudential Financial Inc. acquired a new position in shares of CNA Financial Corporation during the first quarter worth about $3,661,000. Oxford Asset Management acquired a new position in shares of CNA Financial Corporation during the first quarter worth about $1,340,000. Finally, Neuburgh Advisers LLC acquired a new position in shares of CNA Financial Corporation during the first quarter worth about $144,000. 99.55% 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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