Keefe, Bruyette & Woods Has Lowered Expectations for CNA Financial (NYSE:CNA) Stock Price

CNA Financial (NYSE:CNA) had its target price cut by stock analysts at Keefe, Bruyette & Woods from $55.00 to $54.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a “market perform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 17.96% from the stock’s current price.

A number of other analysts have also weighed in on CNA. Bank of America raised their price objective on shares of CNA Financial from $45.00 to $48.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th. StockNews.com upgraded shares of CNA Financial from a “hold” rating to a “buy” rating in a report on Wednesday, November 13th.

CNA Financial Stock Performance

Shares of CNA opened at $45.78 on Friday. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.28. The stock has a market cap of $12.40 billion, a P/E ratio of 9.54, a P/E/G ratio of 6.20 and a beta of 0.67. The business’s 50 day moving average price is $48.64 and its 200-day moving average price is $48.73. CNA Financial has a 52 week low of $41.64 and a 52 week high of $52.36.

CNA Financial (NYSE:CNA) last released its earnings results on Monday, November 4th. The insurance provider reported $1.08 EPS for the quarter, topping the consensus estimate of $1.07 by $0.01. CNA Financial had a return on equity of 13.30% and a net margin of 9.26%. The business had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.15 billion. During the same period in the previous year, the company posted $1.06 earnings per share. Equities research analysts anticipate that CNA Financial will post 4.68 earnings per share for the current fiscal year.

Insider Buying and Selling at CNA Financial

In other news, EVP Douglas Worman sold 22,973 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $48.75, for a total value of $1,119,933.75. Following the transaction, the executive vice president now directly owns 133,777 shares in the company, valued at $6,521,628.75. This trade represents a 14.66 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.30% of the company’s stock.

Institutional Trading of CNA Financial

A number of hedge funds have recently bought and sold shares of the company. HighTower Advisors LLC lifted its stake in shares of CNA Financial by 107.1% in the 3rd quarter. HighTower Advisors LLC now owns 22,172 shares of the insurance provider’s stock worth $1,066,000 after purchasing an additional 11,468 shares during the period. AQR Capital Management LLC increased its holdings in CNA Financial by 97.9% during the second quarter. AQR Capital Management LLC now owns 1,152,528 shares of the insurance provider’s stock valued at $51,760,000 after buying an additional 570,172 shares during the last quarter. Creative Planning raised its position in CNA Financial by 16.5% in the third quarter. Creative Planning now owns 16,067 shares of the insurance provider’s stock worth $786,000 after acquiring an additional 2,272 shares during the period. Hsbc Holdings PLC raised its position in CNA Financial by 178.9% in the second quarter. Hsbc Holdings PLC now owns 76,136 shares of the insurance provider’s stock worth $3,505,000 after acquiring an additional 48,837 shares during the period. Finally, Quest Partners LLC boosted its stake in shares of CNA Financial by 69.3% during the 3rd quarter. Quest Partners LLC now owns 26,737 shares of the insurance provider’s stock worth $1,309,000 after acquiring an additional 10,940 shares during the last quarter. Hedge funds and other institutional investors 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.