CNA Financial (NYSE:CNA) Raised to Buy at Wall Street Zen

CNA Financial (NYSE:CNA) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.

Several other brokerages have also recently issued reports on CNA. Zacks Research cut shares of CNA Financial from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 1st. Weiss Ratings raised shares of CNA Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, CNA Financial presently has an average rating of “Hold” and an average target price of $53.00.

CNA Financial Price Performance

Shares of NYSE:CNA opened at $49.96 on Friday. The business has a fifty day moving average price of $46.99 and a 200-day moving average price of $46.65. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.28 and a quick ratio of 0.28. The company has a market capitalization of $13.52 billion, a PE ratio of 13.69, a PEG ratio of 4.81 and a beta of 0.37. CNA Financial has a 1-year low of $43.29 and a 1-year high of $51.34.

Insider Buying and Selling at CNA Financial

In related news, Chairman Dino Robusto sold 6,250 shares of the stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $47.62, for a total transaction of $297,625.00. Following the transaction, the chairman owned 661,838 shares in the company, valued at $31,516,725.56. This represents a 0.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.36% of the stock is owned by insiders.

Institutional Investors Weigh In On CNA Financial

A number of hedge funds have recently added to or reduced their stakes in CNA. Lloyd Advisory Services LLC. bought a new position in shares of CNA Financial during the 4th quarter valued at $25,000. Alpine Bank Wealth Management increased its position in CNA Financial by 70.0% during the third quarter. Alpine Bank Wealth Management now owns 556 shares of the insurance provider’s stock valued at $26,000 after acquiring an additional 229 shares during the last quarter. Covestor Ltd lifted its holdings in CNA Financial by 129.7% in the third quarter. Covestor Ltd now owns 712 shares of the insurance provider’s stock valued at $33,000 after acquiring an additional 402 shares during the period. Allworth Financial LP boosted its position in CNA Financial by 102.3% in the second quarter. Allworth Financial LP now owns 785 shares of the insurance provider’s stock worth $37,000 after purchasing an additional 397 shares during the last quarter. Finally, Ameriflex Group Inc. grew its stake in shares of CNA Financial by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 820 shares of the insurance provider’s stock valued at $38,000 after purchasing an additional 410 shares during the period. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

About CNA Financial

CNA Financial Corporation is a leading U.S.-based commercial property and casualty insurance company offering a broad portfolio of risk management and insurance solutions. The company underwrites coverage for businesses of all sizes across a variety of industry sectors, including manufacturing, healthcare, energy, technology, construction and real estate. In addition to core property and casualty insurance, CNA delivers specialized products such as surety bonds, professional liability, environmental liability and commercial auto coverage.

Headquartered in Chicago, Illinois, CNA traces its origins to the founding of Continental Casualty Company in 1897.