CNA Financial (NYSE:CNA) Stock Rating Lowered by StockNews.com

CNA Financial (NYSE:CNA) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

CNA has been the subject of a number of other research reports. Bank of America raised their target price on CNA Financial from $45.00 to $48.00 and gave the stock an “underperform” rating in a research note on Thursday, October 10th. Keefe, Bruyette & Woods lifted their price objective on CNA Financial from $48.00 to $53.00 and gave the stock a “market perform” rating in a report on Thursday, August 1st.

CNA Financial Trading Up 1.4 %

NYSE:CNA traded up $0.67 during mid-day trading on Tuesday, reaching $47.48. 297,609 shares of the company’s stock traded hands, compared to its average volume of 277,090. CNA Financial has a 12-month low of $38.32 and a 12-month high of $52.36. The company has a 50 day moving average price of $49.60 and a 200-day moving average price of $47.32. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.27 and a quick ratio of 0.27. The firm has a market capitalization of $12.86 billion, a price-to-earnings ratio of 10.08, a PEG ratio of 3.46 and a beta of 0.65.

CNA Financial (NYSE:CNA) last posted its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.01. The company had revenue of $3.62 billion during the quarter, compared to analysts’ expectations 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 prior year, the business earned $1.06 earnings per share. On average, sell-side analysts predict that CNA Financial will post 4.55 earnings per share for the current year.

Insider Activity

In other CNA Financial news, EVP Mark Steven James sold 18,547 shares of the stock in a transaction that occurred on 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 owns 22,917 shares in the company, valued at $1,159,141.86. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Mark Steven James sold 18,547 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $50.58, for a total transaction of $938,107.26. Following the completion of the transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Elizabeth Ann Aguinaga sold 26,160 shares of the firm’s stock in a transaction that occurred on 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 directly owns 47,744 shares of the company’s stock, valued at approximately $2,368,102.40. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.31% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. GSA Capital Partners LLP grew its holdings in shares of CNA Financial by 131.8% during the 3rd quarter. GSA Capital Partners LLP now owns 35,470 shares of the insurance provider’s stock valued at $1,736,000 after purchasing an additional 20,169 shares during the last quarter. Entropy Technologies LP bought a new stake in shares of CNA Financial in the 3rd quarter valued at $840,000. River Road Asset Management LLC grew its position in CNA Financial by 0.6% in the 3rd quarter. River Road Asset Management LLC now owns 1,012,492 shares of the insurance provider’s stock valued at $49,551,000 after purchasing an additional 5,539 shares during the period. New York State Common Retirement Fund increased its holdings in CNA Financial by 366.7% during the 3rd quarter. New York State Common Retirement Fund now owns 1,401,539 shares of the insurance provider’s stock worth $68,591,000 after purchasing an additional 1,101,217 shares in the last quarter. Finally, US Bancorp DE grew its holdings in CNA Financial by 26.6% during the third quarter. US Bancorp DE now owns 3,449 shares of the insurance provider’s stock worth $169,000 after buying an additional 725 shares in the last quarter. 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.