StockNews.com Lowers CNA Financial (NYSE:CNA) to Hold

StockNews.com downgraded shares of CNA Financial (NYSE:CNAFree Report) from a buy rating to a hold rating in a report published on Tuesday morning.

Separately, Bank of America cut CNA Financial from a neutral rating to an underperform rating and boosted their target price for the stock from $39.00 to $43.00 in a research report on Tuesday.

View Our Latest Research Report on CNA

CNA Financial Stock Up 1.3 %

CNA stock opened at $45.90 on Tuesday. The company has a market cap of $12.43 billion, a P/E ratio of 10.36, a price-to-earnings-growth ratio of 1.78 and a beta of 0.63. CNA Financial has a fifty-two week low of $36.17 and a fifty-two week high of $46.96. The stock’s 50 day simple moving average is $43.02 and its 200 day simple moving average is $41.05. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.27 and a current ratio of 0.26.

CNA Financial (NYSE:CNAGet Free Report) last issued its quarterly earnings results on Monday, February 5th. The insurance provider reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.23. CNA Financial had a return on equity of 14.33% and a net margin of 9.06%. The business had revenue of $3.51 billion for the quarter, compared to analyst estimates of $2.95 billion. During the same period last year, the company posted $1.01 earnings per share. On average, research analysts expect that CNA Financial will post 5.21 earnings per share for the current fiscal year.

CNA Financial Increases Dividend

The business also recently announced a None dividend, which will be paid on Thursday, March 7th. Stockholders of record on Tuesday, February 20th will be paid a $2.44 dividend. This represents a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, February 16th. This is a positive change from CNA Financial’s previous None dividend of $1.62. CNA Financial’s payout ratio is 37.92%.

Institutional Investors Weigh In On CNA Financial

A number of hedge funds and other institutional investors have recently modified their holdings of CNA. CENTRAL TRUST Co purchased a new position in shares of CNA Financial during the 4th quarter worth approximately $25,000. Geneos Wealth Management Inc. lifted its holdings in shares of CNA Financial by 258.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 555 shares of the insurance provider’s stock valued at $26,000 after buying an additional 400 shares during the period. Blue Trust Inc. bought a new position in shares of CNA Financial during the 4th quarter valued at $27,000. MetLife Investment Management LLC bought a new position in CNA Financial in the 1st quarter worth $27,000. Finally, Credit Suisse AG bought a new position in CNA Financial in the 2nd quarter worth $38,000. Institutional investors own 98.44% of the company’s stock.

About CNA Financial

(Get Free Report)

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.

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