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

CNA Financial (NYSE:CNA) had its target price cut by Keefe, Bruyette & Woods from $55.00 to $54.00 in a report issued on Friday morning,Benzinga reports. They currently have a market perform rating on the insurance provider’s stock.

Several other research firms have also weighed in on CNA. Bank of America boosted their price objective on shares of 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 CNA Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, November 13th.

CNA Financial Price Performance

Shares of NYSE CNA opened at $45.78 on Friday. CNA Financial has a fifty-two week low of $41.64 and a fifty-two week high of $52.36. The stock has a market capitalization of $12.40 billion, a price-to-earnings ratio of 9.54, a PEG ratio of 6.20 and a beta of 0.67. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.26 and a quick ratio of 0.26. The business has a 50-day moving average of $48.67 and a 200-day moving average of $48.70.

CNA Financial (NYSE:CNA) last posted its quarterly earnings results on Monday, November 4th. The insurance provider reported $1.08 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.01. The firm had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.15 billion. CNA Financial had a return on equity of 13.30% and a net margin of 9.26%. During the same quarter in the previous year, the firm earned $1.06 EPS. As a group, sell-side analysts predict that CNA Financial will post 4.68 earnings per share for the current fiscal year.

CNA Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 5th. Shareholders of record on Monday, November 18th were issued a $0.44 dividend. The ex-dividend date of this dividend was Monday, November 18th. This represents a $1.76 annualized dividend and a yield of 3.84%. CNA Financial’s dividend payout ratio is currently 36.67%.

Insider Transactions at CNA Financial

In related news, EVP Douglas Worman sold 22,973 shares of the business’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 completion of the sale, the executive vice president now directly owns 133,777 shares in the company, 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 through the SEC website. Corporate insiders own 0.30% of the company’s stock.

Institutional Investors Weigh In On CNA Financial

A number of hedge funds and other institutional investors have recently modified their holdings of the company. True Wealth Design LLC acquired a new position in shares of CNA Financial in the third quarter valued at about $36,000. Fairscale Capital LLC acquired a new stake in shares of CNA Financial in the second quarter valued at approximately $55,000. Abich Financial Wealth Management LLC boosted its stake in shares of CNA Financial by 17.3% in the second quarter. Abich Financial Wealth Management LLC now owns 2,059 shares of the insurance provider’s stock valued at $95,000 after buying an additional 303 shares during the period. GAMMA Investing LLC grew its position in CNA Financial by 16.7% during the fourth quarter. GAMMA Investing LLC now owns 2,051 shares of the insurance provider’s stock worth $99,000 after buying an additional 293 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in CNA Financial during the 3rd quarter worth $146,000. 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.