CNA Financial Corp. (CNA) Earns Market Perform Rating from Analysts at Keefe, Bruyette & Woods
Analysts at Keefe, Bruyette & Woods initiated coverage on shares of CNA Financial Corp. (NYSE:CNA) in a research report issued to clients and investors on Friday. The firm set a “market perform” rating on the stock.
Separately, Zacks Investment Research lowered shares of CNA Financial Corp. from a “buy” rating to a “hold” rating in a report on Tuesday. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $120.00.
CNA Financial Corp. (NYSE:CNA) opened at 34.56 on Friday. The firm has a market capitalization of $9.35 billion, a price-to-earnings ratio of 24.39 and a beta of 1.25. The firm’s 50-day moving average is $33.26 and its 200 day moving average is $32.23. CNA Financial Corp. has a 12 month low of $27.99 and a 12 month high of $37.34.
CNA Financial Corp. (NYSE:CNA) last announced its quarterly earnings data on Monday, August 1st. The company reported $0.74 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.03. CNA Financial Corp. had a net margin of 4.27% and a return on equity of 4.28%. During the same quarter last year, the company posted $0.49 earnings per share. Equities analysts predict that CNA Financial Corp. will post $2.68 earnings per share for the current year.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Aperio Group LLC raised its position in CNA Financial Corp. by 228.3% in the first quarter. Aperio Group LLC now owns 128,059 shares of the company’s stock valued at $4,121,000 after buying an additional 89,054 shares during the period. Nisa Investment Advisors L.L.C. raised its position in CNA Financial Corp. by 45.9% in the first quarter. Nisa Investment Advisors L.L.C. now owns 41,350 shares of the company’s stock valued at $1,331,000 after buying an additional 13,000 shares during the period. Aviva PLC raised its position in CNA Financial Corp. by 1.8% in the first quarter. Aviva PLC now owns 56,108 shares of the company’s stock valued at $1,806,000 after buying an additional 1,008 shares during the period. OMERS ADMINISTRATION Corp acquired a new position in CNA Financial Corp. during the first quarter valued at approximately $2,993,000. Finally, Zebra Capital Management LLC raised its position in CNA Financial Corp. by 30.5% in the first quarter. Zebra Capital Management LLC now owns 46,640 shares of the company’s stock valued at $1,501,000 after buying an additional 10,891 shares during the period. 99.12% of the stock is owned by institutional investors and hedge funds.
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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