CNA Financial (NYSE:CNA) Price Target Cut to $54.00 by Analysts at Keefe, Bruyette & Woods

CNA Financial (NYSE:CNA) had its price objective dropped by research analysts at Keefe, Bruyette & Woods from $55.00 to $54.00 in a report released on Friday,Benzinga reports. The firm currently has a “market perform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ price target would indicate a potential upside of 15.68% from the stock’s previous close.

CNA has been the topic of several other research reports. Bank of America increased 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. StockNews.com raised shares of CNA Financial from a “hold” rating to a “buy” rating in a report on Wednesday, November 13th.

CNA Financial Stock Performance

NYSE CNA traded down $0.84 on Friday, hitting $46.68. 15,265 shares of the company’s stock traded hands, compared to its average volume of 182,092. The firm has a market capitalization of $12.64 billion, a PE ratio of 9.73, a P/E/G ratio of 6.20 and a beta of 0.67. The firm’s 50-day moving average price is $48.67 and its two-hundred day moving average price is $48.70. CNA Financial has a 1-year low of $41.64 and a 1-year high of $52.36. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.28.

CNA Financial (NYSE:CNA) last posted its quarterly earnings data 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 company had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.15 billion. During the same period in the previous year, the business earned $1.06 EPS. As a group, analysts expect that CNA Financial will post 4.68 EPS for the current year.

Insider Activity

In other news, EVP Douglas Worman sold 22,973 shares of CNA Financial stock in a transaction dated 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 of the company’s stock, valued at $6,521,628.75. The trade was a 14.66 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.30% of the company’s stock.

Hedge Funds Weigh In On CNA Financial

A number of hedge funds and other institutional investors have recently bought and sold shares of CNA. American Century Companies Inc. grew its holdings in CNA Financial by 786.5% in the 2nd quarter. American Century Companies Inc. now owns 153,669 shares of the insurance provider’s stock worth $7,080,000 after buying an additional 136,334 shares in the last quarter. Federated Hermes Inc. acquired a new position in CNA Financial during the 2nd quarter valued at about $368,000. Parallel Advisors LLC raised its position in shares of CNA Financial by 20.3% during the 2nd quarter. Parallel Advisors LLC now owns 6,703 shares of the insurance provider’s stock worth $309,000 after buying an additional 1,130 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in shares of CNA Financial by 12.9% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 10,355 shares of the insurance provider’s stock worth $477,000 after acquiring an additional 1,183 shares during the period. Finally, Hsbc Holdings PLC boosted its holdings in shares of CNA Financial by 178.9% in the second quarter. Hsbc Holdings PLC now owns 76,136 shares of the insurance provider’s stock valued at $3,505,000 after acquiring an additional 48,837 shares in the last quarter. 98.45% of the stock is currently 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.