CNA Financial (CNA) Stock Rating Lowered by ValuEngine

CNA Financial (NYSE:CNA) was downgraded by stock analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a research note issued on Friday.

A number of other equities research analysts also recently commented on CNA. BidaskClub raised CNA Financial from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th. Zacks Investment Research raised CNA Financial from a “hold” rating to a “strong-buy” rating and set a $61.00 target price for the company in a report on Tuesday, November 28th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $50.00 target price on shares of CNA Financial in a report on Thursday, August 3rd. Three investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $54.00.

CNA Financial (CNA) traded up $0.01 during trading on Friday, reaching $54.39. The company’s stock had a trading volume of 173,429 shares, compared to its average volume of 184,948. CNA Financial has a 12 month low of $37.88 and a 12 month high of $55.62. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $14,749.32, a P/E ratio of 17.27, a P/E/G ratio of 3.55 and a beta of 1.32.

CNA Financial (NYSE:CNA) last released its earnings results on Monday, October 30th. The insurance provider reported $0.58 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.27). CNA Financial had a net margin of 9.67% and a return on equity of 7.14%. The business had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.37 billion. During the same period last year, the business posted $1.15 EPS. equities analysts anticipate that CNA Financial will post 3.07 EPS for the current fiscal year.

Large investors have recently added to or reduced their stakes in the company. Victory Capital Management Inc. raised its stake in shares of CNA Financial by 15.4% during the 2nd quarter. Victory Capital Management Inc. now owns 172,232 shares of the insurance provider’s stock worth $8,396,000 after buying an additional 23,040 shares during the last quarter. Arrow Investment Advisors LLC acquired a new position in shares of CNA Financial during the 2nd quarter worth $722,000. LSV Asset Management raised its stake in shares of CNA Financial by 5.3% during the 2nd quarter. LSV Asset Management now owns 1,424,022 shares of the insurance provider’s stock worth $69,421,000 after buying an additional 71,520 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of CNA Financial by 3.9% during the 1st quarter. Vanguard Group Inc. now owns 550,006 shares of the insurance provider’s stock worth $24,294,000 after buying an additional 20,462 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in shares of CNA Financial during the 3rd quarter worth $838,000. 99.69% of the stock is owned by institutional investors and hedge funds.

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CNA Financial Company Profile

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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