Keefe, Bruyette & Woods reiterated their hold rating on shares of CNA Financial Corporation (NYSE:CNA) in a report published on Wednesday. Keefe, Bruyette & Woods currently has a $55.00 price objective on the insurance provider’s stock.
Several other brokerages also recently commented on CNA. Zacks Investment Research downgraded shares of CNA Financial Corporation from a buy rating to a hold rating in a report on Tuesday, July 4th. ValuEngine upgraded shares of CNA Financial Corporation from a buy rating to a strong-buy rating in a report on Friday, September 1st. Finally, BidaskClub downgraded shares of CNA Financial Corporation from a strong-buy rating to a buy rating in a report on Thursday, July 13th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. CNA Financial Corporation has a consensus rating of Hold and an average price target of $46.67.
Shares of CNA Financial Corporation (CNA) opened at $54.98 on Wednesday. The firm has a market capitalization of $14.77 billion, a P/E ratio of 17.30, a P/E/G ratio of 3.55 and a beta of 1.34. The company has a current ratio of 0.23, a quick ratio of 0.24 and a debt-to-equity ratio of 0.22.
CNA Financial Corporation (NYSE:CNA) last announced its earnings results on Monday, October 30th. The insurance provider reported $0.58 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.27). The company had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.37 billion. CNA Financial Corporation had a return on equity of 7.14% and a net margin of 9.67%. During the same quarter last year, the business posted $1.15 earnings per share. equities research analysts forecast that CNA Financial Corporation will post 3.07 EPS for the current year.
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The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 29th. Stockholders of record on Monday, November 13th will be paid a dividend of $0.30 per share. The ex-dividend date is Friday, November 10th. This represents a $1.20 annualized dividend and a dividend yield of 2.18%. CNA Financial Corporation’s dividend payout ratio is currently 35.50%.
In other news, CFO D Craig Mense sold 23,450 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $52.66, for a total transaction of $1,234,877.00. Following the completion of the transaction, the chief financial officer now directly owns 130,548 shares of the company’s stock, valued at approximately $6,874,657.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.53% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently modified their holdings of CNA. Acrospire Investment Management LLC grew its stake in shares of CNA Financial Corporation by 111.1% during the 2nd quarter. Acrospire Investment Management LLC now owns 2,090 shares of the insurance provider’s stock worth $102,000 after acquiring an additional 1,100 shares in the last quarter. Parallel Advisors LLC grew its stake in shares of CNA Financial Corporation by 3.6% during the 2nd quarter. Parallel Advisors LLC now owns 3,131 shares of the insurance provider’s stock worth $163,000 after acquiring an additional 110 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of CNA Financial Corporation by 6.1% during the 1st quarter. SG Americas Securities LLC now owns 3,914 shares of the insurance provider’s stock worth $173,000 after acquiring an additional 224 shares in the last quarter. Koch Industries Inc. bought a new position in shares of CNA Financial Corporation during the 2nd quarter worth approximately $203,000. Finally, Gotham Asset Management LLC bought a new position in shares of CNA Financial Corporation during the 2nd quarter worth approximately $221,000. 99.89% of the stock is owned by 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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