ValuEngine Lowers CNA Financial (CNA) to Buy
CNA Financial (NYSE:CNA) was downgraded by stock analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Friday.
Several other equities research analysts have also commented on CNA. Keefe, Bruyette & Woods reissued a “hold” rating and set a $50.00 price target on shares of CNA Financial in a research note on Thursday, August 3rd. BidaskClub raised CNA Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, August 9th. Finally, Zacks Investment Research lowered CNA Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. Four 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 a consensus rating of “Buy” and an average target price of $50.25.
Shares of CNA Financial (CNA) opened at $54.39 on Friday. CNA Financial has a twelve month low of $37.88 and a twelve month high of $55.62. The firm has a market capitalization of $14,510.00, a P/E ratio of 17.14, a price-to-earnings-growth ratio of 3.52 and a beta of 1.34. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.23 and a quick ratio of 0.23.
Large investors have recently made changes to their positions in the company. Acrospire Investment Management LLC boosted its stake in shares of CNA Financial by 111.1% during the 2nd quarter. Acrospire Investment Management LLC now owns 2,090 shares of the insurance provider’s stock worth $102,000 after acquiring an additional 1,100 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its stake in shares of CNA Financial by 87.4% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 2,774 shares of the insurance provider’s stock worth $146,000 after acquiring an additional 1,294 shares in the last quarter. Parallel Advisors LLC boosted its stake in shares of CNA Financial by 3.6% during the 2nd quarter. Parallel Advisors LLC now owns 3,131 shares of the insurance provider’s stock worth $163,000 after acquiring an additional 110 shares in the last quarter. Magnetar Financial LLC acquired a new position in shares of CNA Financial during the 3rd quarter worth approximately $204,000. Finally, SG Americas Securities LLC raised its position in shares of CNA Financial by 37.9% during the 3rd quarter. SG Americas Securities LLC now owns 4,386 shares of the insurance provider’s stock worth $220,000 after purchasing an additional 1,205 shares during the last quarter. 99.69% of the stock is currently owned by institutional investors and hedge funds.
About CNA Financial
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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