StockNews.com Downgrades CNA Financial (NYSE:CNA) to Hold

CNA Financial (NYSE:CNA) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.

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

CNA Financial Stock Up 3.6 %

CNA stock opened at $49.15 on Tuesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.27 and a current ratio of 0.27. The company has a market cap of $13.31 billion, a price-to-earnings ratio of 10.08, a P/E/G ratio of 3.46 and a beta of 0.65. The business’s 50-day moving average is $49.52 and its two-hundred day moving average is $47.34. CNA Financial has a fifty-two week low of $38.32 and a fifty-two week high of $52.36.

CNA Financial (NYSE:CNA) last released its quarterly earnings results on Monday, November 4th. The insurance provider reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.01. The business had revenue of $3.62 billion during the quarter, compared to analyst estimates 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 previous year, the company posted $1.06 earnings per share. As a group, analysts forecast that CNA Financial will post 4.55 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Elizabeth Ann Aguinaga sold 26,160 shares of the stock in a transaction 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 transaction, the executive vice president now owns 47,744 shares of the company’s stock, valued at approximately $2,368,102.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related 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 transaction of $938,107.26. Following the completion of the sale, the executive vice president now owns 22,917 shares of the company’s stock, valued at $1,159,141.86. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Elizabeth Ann Aguinaga sold 26,160 shares of the firm’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $49.60, for a total value of $1,297,536.00. Following the completion of the sale, the executive vice president now directly owns 47,744 shares of the company’s stock, valued at $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.

Hedge Funds Weigh In On CNA Financial

Several hedge funds have recently modified their holdings of the stock. Fairscale Capital LLC acquired a new stake in shares of CNA Financial during the second quarter worth about $55,000. GAMMA Investing LLC increased its position in shares of CNA Financial by 36.9% in the second quarter. GAMMA Investing LLC now owns 1,566 shares of the insurance provider’s stock valued at $72,000 after buying an additional 422 shares in the last quarter. Abich Financial Wealth Management LLC raised its position in CNA Financial by 39.1% during the first quarter. Abich Financial Wealth Management LLC now owns 1,756 shares of the insurance provider’s stock worth $80,000 after acquiring an additional 494 shares during the period. Covestor Ltd raised its position in shares of CNA Financial by 82.0% during the 1st quarter. Covestor Ltd now owns 1,971 shares of the insurance provider’s stock worth $90,000 after purchasing an additional 888 shares during the last quarter. Finally, Whittier Trust Co. purchased a new position in shares of CNA Financial in the second quarter valued at approximately $92,000. Institutional investors and hedge funds own 98.45% of the company’s stock.

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.