CNA Financial Co. (NYSE:CNA) Short Interest Up 10.1% in March

CNA Financial Co. (NYSE:CNAGet Free Report) was the target of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 652,200 shares, a growth of 10.1% from the February 29th total of 592,300 shares. Based on an average trading volume of 224,300 shares, the days-to-cover ratio is currently 2.9 days. Approximately 0.2% of the shares of the stock are short sold.

CNA Financial Stock Up 0.3 %

Shares of NYSE:CNA traded up $0.12 during trading on Wednesday, reaching $44.00. 30,351 shares of the company traded hands, compared to its average volume of 226,867. The firm has a fifty day simple moving average of $44.55 and a 200 day simple moving average of $42.28. The firm has a market cap of $11.92 billion, a P/E ratio of 9.90, a price-to-earnings-growth ratio of 1.79 and a beta of 0.64. CNA Financial has a 1-year low of $36.41 and a 1-year high of $47.37. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.25.

CNA Financial (NYSE:CNAGet Free Report) last issued its quarterly earnings data on Monday, February 5th. The insurance provider reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.10 by $0.23. The firm had revenue of $3.51 billion during the quarter, compared to analysts’ expectations of $2.95 billion. CNA Financial had a net margin of 9.06% and a return on equity of 14.33%. During the same period in the prior year, the company posted $1.01 earnings per share. Analysts anticipate that CNA Financial will post 5.01 earnings per share for the current fiscal year.

CNA Financial Increases Dividend

The business also recently disclosed a None dividend, which was paid on Thursday, March 7th. Stockholders of record on Tuesday, February 20th were given a dividend of $2.44 per share. The ex-dividend date was Friday, February 16th. This represents a dividend yield of 3.8%. This is a positive change from CNA Financial’s previous None dividend of $1.62. CNA Financial’s dividend payout ratio is currently 39.73%.

Institutional Trading of CNA Financial

Several hedge funds have recently modified their holdings of CNA. CENTRAL TRUST Co bought a new position in CNA Financial in the fourth quarter valued at approximately $25,000. Geneos Wealth Management Inc. boosted its stake in CNA Financial by 258.1% in the first quarter. Geneos Wealth Management Inc. now owns 555 shares of the insurance provider’s stock valued at $26,000 after acquiring an additional 400 shares during the last quarter. Blue Trust Inc. bought a new position in CNA Financial in the fourth quarter valued at approximately $27,000. MetLife Investment Management LLC bought a new position in CNA Financial in the first quarter valued at approximately $27,000. Finally, Credit Suisse AG bought a new position in CNA Financial in the second quarter valued at approximately $38,000. 98.45% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CNA has been the topic of several recent research reports. upgraded shares of CNA Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, February 14th. Bank of America lowered shares of CNA Financial from a “neutral” rating to an “underperform” rating and lifted their price target for the stock from $39.00 to $43.00 in a research report on Tuesday, February 6th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of CNA Financial from $46.00 to $48.00 and gave the stock a “market perform” rating in a research note on Monday, February 12th.

View Our Latest Stock Report on CNA

About CNA Financial

(Get Free Report)

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.

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