CNA Financial Corp. (CNA) Stock Rating Lowered by Zacks Investment Research
CNA Financial Corp. (NYSE:CNA) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.
According to Zacks, “CNA Financial Corporation is an insurance holding company whose primary subsidiaries consist of property/casualty and life insurance companies. CNA’s property/casualty insurance operations are conducted by Continental Casualty Company and The Continental Insurance Company. Life insurance operations are conducted by Continental Assurance Company. “
Shares of CNA Financial Corp. (NYSE:CNA) traded up 1.09% on Tuesday, reaching $34.41. 174,700 shares of the company traded hands. The firm’s 50 day moving average is $33.07 and its 200 day moving average is $32.18. CNA Financial Corp. has a one year low of $27.99 and a one year high of $37.34. The company has a market capitalization of $9.31 billion, a P/E ratio of 24.28 and a beta of 1.24.
CNA Financial Corp. (NYSE:CNA) last posted its quarterly earnings data on Monday, August 1st. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.03. CNA Financial Corp. had a return on equity of 4.28% and a net margin of 4.27%. During the same quarter in the previous year, the business posted $0.49 EPS. Analysts expect that CNA Financial Corp. will post $2.68 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Societe Generale purchased a new position in CNA Financial Corp. during the second quarter valued at $111,000. Quantbot Technologies LP bought a new position in shares of CNA Financial Corp. during the second quarter worth approximately $171,000. Ameriprise Financial Inc. bought a new position in shares of CNA Financial Corp. during the second quarter worth approximately $227,000. Cubist Systematic Strategies LLC bought a new position in shares of CNA Financial Corp. during the second quarter worth approximately $262,000. Finally, Yakira Capital Management Inc. bought a new position in shares of CNA Financial Corp. during the first quarter worth approximately $306,000. Hedge funds and other institutional investors own 99.12% of the company’s stock.
About CNA Financial Corp.
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. The Specialty segment provides an array of professional, financial, and specialty property and casualty products and services.
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