CNA Financial Corporation (CNA) Given Consensus Rating of “Hold” by Brokerages

Shares of CNA Financial Corporation (NYSE:CNA) have been given an average rating of “Hold” by the six research firms that are presently covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $46.67.

CNA has been the topic of several research reports. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $50.00 target price on shares of CNA Financial Corporation in a research report on Thursday, August 3rd. ValuEngine raised CNA Financial Corporation from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. BidaskClub downgraded CNA Financial Corporation from a “buy” rating to a “hold” rating in a research report on Friday, August 25th. Finally, Zacks Investment Research downgraded CNA Financial Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday.

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CNA Financial Corporation (NYSE CNA) opened at $54.67 on Wednesday. CNA Financial Corporation has a 12-month low of $37.88 and a 12-month high of $55.62. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.23 and a quick ratio of 0.23. The company has a market capitalization of $14,722.19, a P/E ratio of 17.24, a PEG ratio of 3.54 and a beta of 1.34.

CNA Financial Corporation (NYSE:CNA) last posted its earnings results on Monday, October 30th. The insurance provider reported $0.58 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.27). CNA Financial Corporation had a net margin of 9.67% and a return on equity of 7.14%. The firm had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.37 billion. During the same period in the previous year, the company posted $1.15 EPS. sell-side analysts expect that CNA Financial Corporation will post 3.07 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 29th. Stockholders of record on Monday, November 13th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.19%. The ex-dividend date of this dividend is Friday, November 10th. CNA Financial Corporation’s payout ratio is 35.50%.

A number of large investors have recently modified their holdings of the stock. Blair William & Co. IL grew its position in CNA Financial Corporation by 1.4% during the second quarter. Blair William & Co. IL now owns 6,484 shares of the insurance provider’s stock worth $316,000 after buying an additional 89 shares in the last quarter. Utah Retirement Systems grew its position in CNA Financial Corporation by 2.0% during the second quarter. Utah Retirement Systems now owns 5,010 shares of the insurance provider’s stock worth $245,000 after buying an additional 100 shares in the last quarter. Parallel Advisors LLC grew its position in CNA Financial Corporation by 3.6% during the second quarter. Parallel Advisors LLC now owns 3,131 shares of the insurance provider’s stock worth $163,000 after buying an additional 110 shares in the last quarter. AMG Funds LLC grew its position in CNA Financial Corporation by 1.2% during the second quarter. AMG Funds LLC now owns 14,504 shares of the insurance provider’s stock worth $707,000 after buying an additional 170 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in CNA Financial Corporation by 3.6% during the first quarter. Principal Financial Group Inc. now owns 6,228 shares of the insurance provider’s stock worth $275,000 after buying an additional 219 shares in the last quarter. 99.81% of the stock is currently owned by institutional investors and hedge funds.

CNA Financial Corporation Company Profile

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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