Keefe, Bruyette & Woods started coverage on shares of CNA Financial Corp. (NYSE:CNA) in a research note published on Friday. The firm issued a market perform rating and a $39.00 price target on the stock.
Separately, Zacks Investment Research lowered shares of CNA Financial Corp. from a buy rating to a hold rating in a research note on Tuesday, October 4th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has an average rating of Buy and a consensus price target of $99.75.
Shares of CNA Financial Corp. (NYSE:CNA) opened at 35.74 on Friday. CNA Financial Corp. has a 1-year low of $27.99 and a 1-year high of $37.34. The stock has a market capitalization of $9.67 billion, a P/E ratio of 25.22 and a beta of 1.25. The firm’s 50-day moving average is $33.60 and its 200 day moving average is $32.34.
CNA Financial Corp. (NYSE:CNA) last posted its quarterly earnings data on Monday, August 1st. The company reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.03. CNA Financial Corp. had a net margin of 4.27% and a return on equity of 4.28%. During the same quarter last year, the firm earned $0.49 earnings per share. On average, analysts expect that CNA Financial Corp. will post $2.68 EPS for the current fiscal year.
Hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. raised its stake in CNA Financial Corp. by 119.8% in the first quarter. Goldman Sachs Group Inc. now owns 121,108 shares of the company’s stock worth $3,898,000 after buying an additional 66,005 shares during the period. Jacobs Levy Equity Management Inc. raised its stake in CNA Financial Corp. by 281.6% in the first quarter. Jacobs Levy Equity Management Inc. now owns 42,359 shares of the company’s stock worth $1,363,000 after buying an additional 31,259 shares during the period. Aviva PLC raised its stake in CNA Financial Corp. by 1.8% in the first quarter. Aviva PLC now owns 56,108 shares of the company’s stock worth $1,806,000 after buying an additional 1,008 shares during the period. American Century Companies Inc. raised its stake in CNA Financial Corp. by 3.3% in the second quarter. American Century Companies Inc. now owns 27,247 shares of the company’s stock worth $856,000 after buying an additional 883 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new stake in CNA Financial Corp. during the second quarter worth about $883,000. 99.12% of the stock is owned by institutional investors and hedge funds.
About CNA Financial Corp.