CNA Financial Corporation (NYSE:CNA) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Tuesday.

According to Zacks, “Shares of CNA Financial have outperformed the industry year to date. Being one of the versatile property and casualty (P&C) insurers, CNA Financial has been maintaining a good track record of combined ratio over the past few years, thereby leading to underwriting profitability. Moreover, with the rising interest rate environment, the company has been displaying improving investment results over a considerable period of time. The company also remains committed in enhancing shareholders value via effective capital deployment. Its long-term care business continues to perform strongly. However, exposure to catastrophe losses poses an inherent risk to the P&C business, thus rendering volatility to the company’s earnings. With respect to quarterly results, CNA Financial’s third-quarter 2017 earnings outperformed the Zacks Consensus Estimate but deteriorated year over year on significantly higher catastrophe losses.”

Other research analysts also recently issued reports about the company. ValuEngine downgraded CNA Financial Corporation from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 2nd. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $50.00 price target on shares of CNA Financial Corporation in a report on Thursday, August 3rd. Finally, BidaskClub cut CNA Financial Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $50.50.

Shares of CNA Financial Corporation (CNA) traded up $0.13 during trading hours on Tuesday, hitting $54.42. The company had a trading volume of 244,900 shares, compared to its average volume of 198,054. The company has a market cap of $14,722.19, a P/E ratio of 17.24, a PEG ratio of 3.54 and a beta of 1.34. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.22. CNA Financial Corporation has a 52 week low of $37.88 and a 52 week high of $55.62.

CNA Financial Corporation (NYSE:CNA) last announced its quarterly earnings data on Monday, October 30th. The insurance provider reported $0.58 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.85 by ($0.27). The company had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.37 billion. CNA Financial Corporation had a net margin of 9.67% and a return on equity of 7.14%. During the same quarter last year, the firm posted $1.15 earnings per share. research analysts predict that CNA Financial Corporation will post 3.07 EPS for the current year.

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Hedge funds and other institutional investors have recently bought and sold shares of the stock. Schwab Charles Investment Management Inc. lifted its holdings in CNA Financial Corporation by 77.7% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 264,193 shares of the insurance provider’s stock worth $11,670,000 after purchasing an additional 115,550 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in CNA Financial Corporation by 15.4% in the 2nd quarter. Victory Capital Management Inc. now owns 172,232 shares of the insurance provider’s stock worth $8,396,000 after purchasing an additional 23,040 shares in the last quarter. Arrow Investment Advisors LLC purchased a new position in CNA Financial Corporation in the 2nd quarter worth approximately $722,000. LSV Asset Management raised its holdings in shares of CNA Financial Corporation by 5.3% during the 2nd quarter. LSV Asset Management now owns 1,424,022 shares of the insurance provider’s stock worth $69,421,000 after acquiring an additional 71,520 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of CNA Financial Corporation by 3.9% during the 1st quarter. Vanguard Group Inc. now owns 550,006 shares of the insurance provider’s stock worth $24,294,000 after acquiring an additional 20,462 shares in the last quarter. 99.81% of the stock is currently owned by institutional investors.

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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