CNA Financial (NYSE:CNA) PT Raised to $48.00 at Bank of America

CNA Financial (NYSE:CNA) had its target price increased by analysts at Bank of America from $45.00 to $48.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has an “underperform” rating on the insurance provider’s stock. Bank of America‘s price target points to a potential downside of 2.09% from the stock’s current price.

Separately, Keefe, Bruyette & Woods increased their price objective on shares of CNA Financial from $48.00 to $53.00 and gave the company a “market perform” rating in a research note on Thursday, August 1st.

CNA Financial Price Performance

Shares of NYSE CNA opened at $49.03 on Thursday. CNA Financial has a 1-year low of $38.32 and a 1-year high of $52.36. The company has a market cap of $13.30 billion, a price-to-earnings ratio of 10.70, a price-to-earnings-growth ratio of 3.31 and a beta of 0.64. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.27 and a quick ratio of 0.27. The stock’s 50-day moving average is $49.61 and its two-hundred day moving average is $46.70.

CNA Financial (NYSE:CNA) last released its quarterly earnings results on Monday, July 29th. The insurance provider reported $1.19 EPS for the quarter, hitting the consensus estimate of $1.19. CNA Financial had a return on equity of 14.02% and a net margin of 9.27%. The company had revenue of $3.52 billion for the quarter, compared to analyst estimates of $3.08 billion. During the same quarter in the previous year, the company posted $1.13 earnings per share. Analysts forecast that CNA Financial will post 4.85 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Elizabeth Ann Aguinaga sold 26,160 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $49.60, for a total value of $1,297,536.00. Following the sale, the executive vice president now directly owns 47,744 shares in the company, valued at $2,368,102.40. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Mark Steven James sold 18,547 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $50.58, for a total value of $938,107.26. Following the completion of the sale, the executive vice president now directly owns 22,917 shares of the company’s stock, valued at approximately $1,159,141.86. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Elizabeth Ann Aguinaga sold 26,160 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $49.60, for a total transaction of $1,297,536.00. Following the transaction, the executive vice president now directly owns 47,744 shares in the company, valued at $2,368,102.40. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 49,151 shares of company stock worth $2,449,311 over the last quarter. 0.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. AQR Capital Management LLC increased its stake in CNA Financial by 97.9% in the second quarter. AQR Capital Management LLC now owns 1,152,528 shares of the insurance provider’s stock valued at $51,760,000 after acquiring an additional 570,172 shares during the period. Rhumbline Advisers increased its stake in shares of CNA Financial by 570.6% in the 2nd quarter. Rhumbline Advisers now owns 529,862 shares of the insurance provider’s stock valued at $24,411,000 after buying an additional 450,843 shares during the period. Bank of New York Mellon Corp lifted its position in CNA Financial by 45.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,068,956 shares of the insurance provider’s stock valued at $49,247,000 after purchasing an additional 334,463 shares during the period. American Century Companies Inc. boosted its position in shares of 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 purchasing an additional 136,334 shares during the last quarter. Finally, Edgestream Partners L.P. boosted its holdings in CNA Financial by 229.0% during the first quarter. Edgestream Partners L.P. now owns 113,901 shares of the insurance provider’s stock worth $5,173,000 after buying an additional 79,280 shares during the last quarter. 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.