CNA Financial Corporation (NYSE:CNA) Upgraded to “Buy” at BidaskClub
BidaskClub upgraded shares of CNA Financial Corporation (NYSE:CNA) from a hold rating to a buy rating in a report released on Wednesday.
CNA has been the topic of several other research reports. Zacks Investment Research upgraded CNA Financial Corporation from a hold rating to a buy rating and set a $49.00 target price on the stock in a report on Tuesday, April 18th. Deutsche Bank AG lowered CNA Financial Corporation from a buy rating to a hold rating and upped their target price for the stock from $45.00 to $46.00 in a report on Tuesday, May 2nd. Finally, Keefe, Bruyette & Woods reiterated a hold rating and set a $50.00 target price on shares of CNA Financial Corporation in a report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. CNA Financial Corporation currently has a consensus rating of Hold and an average target price of $47.00.
CNA Financial Corporation (NYSE:CNA) remained flat at $52.72 during mid-day trading on Wednesday. 179,666 shares of the company were exchanged. The firm’s 50-day moving average is $50.08 and its 200 day moving average is $45.79. The firm has a market cap of $14.29 billion, a PE ratio of 12.83 and a beta of 1.23. CNA Financial Corporation has a 12-month low of $32.03 and a 12-month high of $53.67.
CNA Financial Corporation (NYSE:CNA) last released its earnings results on Monday, July 31st. The insurance provider reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.13. CNA Financial Corporation had a return on equity of 8.40% and a net margin of 11.72%. The business had revenue of $2.32 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same quarter in the prior year, the company posted $0.77 earnings per share. Analysts anticipate that CNA Financial Corporation will post $3.44 earnings per share for the current year.
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The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 30th. Shareholders of record on Monday, August 14th will be paid a $0.30 dividend. This is a positive change from CNA Financial Corporation’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $1.20 annualized dividend and a yield of 2.28%. CNA Financial Corporation’s dividend payout ratio is currently 29.20%.
A number of hedge funds have recently added to or reduced their stakes in the stock. Acrospire Investment Management LLC raised its stake in CNA Financial Corporation by 111.1% in the second quarter. Acrospire Investment Management LLC now owns 2,090 shares of the insurance provider’s stock valued at $102,000 after buying an additional 1,100 shares in the last quarter. Parallel Advisors LLC raised its stake in CNA Financial Corporation by 16.5% in the first quarter. Parallel Advisors LLC now owns 3,021 shares of the insurance provider’s stock valued at $136,000 after buying an additional 427 shares in the last quarter. Neuburgh Advisers LLC acquired a new stake in CNA Financial Corporation during the first quarter valued at about $144,000. SG Americas Securities LLC raised its stake in CNA Financial Corporation by 6.1% in the first quarter. SG Americas Securities LLC now owns 3,914 shares of the insurance provider’s stock valued at $173,000 after buying an additional 224 shares in the last quarter. Finally, Mckinley Capital Management LLC Delaware acquired a new stake in CNA Financial Corporation during the first quarter valued at about $173,000. Hedge funds and other institutional investors own 99.55% of the company’s stock.
CNA Financial Corporation Company Profile
CNA Financial Corporation is an insurance holding company. The Company’s segments include Specialty, Commercial, International, Life & Group Non-Core, and Corporate & Other Non-Core. Its Specialty segment provides a range of professional, financial, and specialty property, and casualty products and services.
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