Cna Financial (CNA) Reaches New 1-Year Low at $43.80
Cna Financial Corp (NYSE:CNA) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $43.80 and last traded at $44.18, with a volume of 7754 shares changing hands. The stock had previously closed at $45.11.
Several equities research analysts have recently issued reports on the company. Zacks Investment Research lowered Cna Financial from a “hold” rating to a “sell” rating in a report on Tuesday, July 17th. ValuEngine lowered Cna Financial from a “hold” rating to a “sell” rating in a report on Friday, August 3rd.
The firm has a market cap of $12.39 billion, a PE ratio of 12.93, a PEG ratio of 2.20 and a beta of 1.10. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.23.
Institutional investors have recently made changes to their positions in the company. BNP Paribas Arbitrage SA lifted its holdings in Cna Financial by 395.1% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,936 shares of the insurance provider’s stock worth $145,000 after purchasing an additional 2,343 shares during the last quarter. TLP Group LLC acquired a new stake in Cna Financial in the 1st quarter worth approximately $159,000. Sciencast Management LP acquired a new stake in Cna Financial in the 1st quarter worth approximately $208,000. Trexquant Investment LP acquired a new stake in Cna Financial in the 2nd quarter worth approximately $223,000. Finally, Raymond James Trust N.A. lifted its holdings in Cna Financial by 42.6% in the 2nd quarter. Raymond James Trust N.A. now owns 6,019 shares of the insurance provider’s stock worth $275,000 after purchasing an additional 1,799 shares during the last quarter. Institutional investors and hedge funds own 99.50% of the company’s stock.
About Cna Financial (NYSE:CNA)
CNA Financial Corporation provides commercial property and casualty insurance products primarily in the United States. It operates through Specialty, Commercial, International, Life & Group, and Corporate & Other segments. The company's property insurance products include property, marine, boiler, and machinery coverages; and casualty insurance products comprise workers compensation, general and product liability, commercial auto, and umbrella coverages.
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