CNA Financial (NYSE:CNA) Downgraded to Hold Rating by StockNews.com

CNA Financial (NYSE:CNA) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.

A number of other analysts have also weighed in on the stock. Keefe, Bruyette & Woods upped their target price on shares of CNA Financial from $48.00 to $53.00 and gave the stock a “market perform” rating in a research note on Thursday, August 1st. Bank of America increased their price objective on shares of CNA Financial from $45.00 to $48.00 and gave the company an “underperform” rating in a research report on Thursday, October 10th.

CNA Financial Stock Performance

NYSE CNA opened at $49.15 on Tuesday. The stock has a market cap of $13.31 billion, a PE ratio of 10.08, a P/E/G ratio of 3.46 and a beta of 0.65. CNA Financial has a twelve month low of $38.32 and a twelve month high of $52.36. The stock has a fifty day simple moving average of $49.52 and a 200-day simple moving average of $47.34. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.30.

CNA Financial (NYSE:CNA) last announced its earnings results on Monday, November 4th. The insurance provider reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.01. The company had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.15 billion. CNA Financial had a return on equity of 14.02% and a net margin of 9.27%. During the same quarter in the previous year, the company earned $1.06 earnings per share. Equities analysts anticipate that CNA Financial will post 4.55 earnings per share for the current year.

Insider Activity at CNA Financial

In other news, EVP Elizabeth Ann Aguinaga sold 26,160 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $49.60, for a total transaction of $1,297,536.00. Following the completion of the sale, the executive vice president now owns 47,744 shares in the company, valued at approximately $2,368,102.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Elizabeth Ann Aguinaga sold 26,160 shares of CNA Financial stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $49.60, for a total transaction of $1,297,536.00. Following the sale, the executive vice president now owns 47,744 shares in the company, valued at approximately $2,368,102.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Mark Steven James sold 18,547 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $50.58, for a total value of $938,107.26. Following the completion of the sale, the executive vice president now directly owns 22,917 shares of the company’s stock, valued at approximately $1,159,141.86. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.31% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On CNA Financial

A number of institutional investors have recently modified their holdings of CNA. Fairscale Capital LLC purchased a new position in CNA Financial during the 2nd quarter worth $55,000. GAMMA Investing LLC boosted its stake in shares of CNA Financial by 36.9% during the second quarter. GAMMA Investing LLC now owns 1,566 shares of the insurance provider’s stock worth $72,000 after buying an additional 422 shares during the period. Abich Financial Wealth Management LLC grew its holdings in shares of CNA Financial by 39.1% during the first quarter. Abich Financial Wealth Management LLC now owns 1,756 shares of the insurance provider’s stock worth $80,000 after buying an additional 494 shares during the last quarter. Covestor Ltd increased its position in CNA Financial by 82.0% in the 1st quarter. Covestor Ltd now owns 1,971 shares of the insurance provider’s stock valued at $90,000 after acquiring an additional 888 shares during the period. Finally, Whittier Trust Co. purchased a new stake in CNA Financial during the 2nd quarter valued at approximately $92,000. 98.45% of the stock is owned by institutional investors and hedge funds.

CNA Financial Company Profile

CNA Financial Corporation provides commercial property and casualty insurance products in the United States and internationally. It operates through Specialty, Commercial, International, Life & Group, and Corporate & Other segments. The company offers professional liability coverages and risk management services to various professional firms, including architects, real estate agents, and accounting and law firms; directors and officers, employment practices, fiduciary, and fidelity and cyber coverages to small and mid-size firms, public and privately held firms, and not-for-profit organizations; professional and general liability, as well as associated casualty coverages for healthcare industry; surety and fidelity bonds; and warranty and alternative risks products.