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

CNA Financial (NYSE:CNA) had its price objective decreased by analysts at Keefe, Bruyette & Woods from $55.00 to $54.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a “market perform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ target price points to a potential upside of 15.68% from the stock’s previous close.

Several other research firms have also recently commented on CNA. Bank of America increased their price target on shares of CNA Financial from $45.00 to $48.00 and gave the company 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 research note on Wednesday, November 13th.

CNA Financial Stock Performance

CNA stock traded down $0.84 during midday trading on Friday, hitting $46.68. 15,265 shares of the company traded hands, compared to its average volume of 182,092. The business has a 50 day simple moving average of $48.67 and a 200-day simple moving average of $48.70. CNA Financial has a twelve month low of $41.64 and a twelve month high of $52.36. The stock has a market capitalization of $12.64 billion, a price-to-earnings ratio of 9.73, a price-to-earnings-growth ratio of 6.20 and a beta of 0.67. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.28.

CNA Financial (NYSE:CNA) last announced its quarterly earnings results on Monday, November 4th. The insurance provider reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.07 by $0.01. The firm had revenue of $3.62 billion for the quarter, compared to analysts’ expectations of $3.15 billion. CNA Financial had a return on equity of 13.30% and a net margin of 9.26%. During the same period in the prior year, the business posted $1.06 earnings per share. As a group, equities research analysts predict that CNA Financial will post 4.68 earnings per share for the current year.

Insiders Place Their Bets

In other CNA Financial news, EVP Douglas Worman sold 22,973 shares of the company’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $48.75, for a total transaction of $1,119,933.75. Following the completion of the transaction, the executive vice president now owns 133,777 shares of the company’s stock, valued at $6,521,628.75. This represents a 14.66 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 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. Raymond James Trust N.A. raised its position in CNA Financial by 4.1% during the third quarter. Raymond James Trust N.A. now owns 6,526 shares of the insurance provider’s stock valued at $319,000 after purchasing an additional 260 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of 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 during the last quarter. Abich Financial Wealth Management LLC increased its holdings in shares of CNA Financial by 17.3% during the second quarter. Abich Financial Wealth Management LLC now owns 2,059 shares of the insurance provider’s stock worth $95,000 after buying an additional 303 shares in the last quarter. AE Wealth Management LLC boosted its holdings in shares of CNA Financial by 1.1% during the 2nd quarter. AE Wealth Management LLC now owns 39,256 shares of the insurance provider’s stock valued at $1,809,000 after acquiring an additional 431 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC grew its position in CNA Financial by 4.4% during the 3rd quarter. Measured Wealth Private Client Group LLC now owns 13,605 shares of the insurance provider’s stock worth $666,000 after acquiring an additional 578 shares during the last quarter. Institutional investors and hedge funds own 98.45% of the company’s stock.

About CNA Financial

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.