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.
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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