CNA Financial Corporation (NYSE:CNA) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday. The brokerage currently has a $61.00 target price on the insurance provider’s stock. Zacks Investment Research‘s price target would indicate a potential upside of 13.78% from the stock’s previous close.

According to Zacks, “Shares of CNA Financial have outperformed the industry year to date. Moreover, the company witnessed its 2017 and 2018 estimates moving north over the last 30 days. 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.”

CNA has been the subject of a number of other research reports. BidaskClub downgraded shares of CNA Financial Corporation from a “buy” rating to a “hold” rating in a report on Friday, August 25th. Keefe, Bruyette & Woods restated a “hold” rating and set a $55.00 price target on shares of CNA Financial Corporation in a report on Wednesday, November 1st. Finally, ValuEngine upgraded shares of CNA Financial Corporation from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $50.25.

CNA Financial Corporation (NYSE CNA) traded down $0.62 during mid-day trading on Friday, reaching $53.61. 249,235 shares of the company’s stock were exchanged, compared to its average volume of 198,156. The firm has a market cap of $14,825.24, a P/E ratio of 17.36, a price-to-earnings-growth ratio of 3.57 and a beta of 1.34. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.23 and a current ratio of 0.23. CNA Financial Corporation has a 12 month low of $37.88 and a 12 month high of $55.62.

CNA Financial Corporation (NYSE:CNA) last announced its quarterly earnings results 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 firm had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.37 billion. CNA Financial Corporation had a return on equity of 7.14% and a net margin of 9.67%. During the same quarter in the prior year, the business earned $1.15 EPS. analysts anticipate that CNA Financial Corporation will post 3.07 earnings per share for the current year.

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Institutional investors have recently bought and sold shares of the stock. Schwab Charles Investment Management Inc. increased 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 valued at $11,670,000 after purchasing an additional 115,550 shares during the last quarter. Victory Capital Management Inc. boosted its position 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 valued at $8,396,000 after buying an additional 23,040 shares during the period. Arrow Investment Advisors LLC purchased a new position in CNA Financial Corporation in the 2nd quarter valued at approximately $722,000. LSV Asset Management boosted its position in CNA Financial Corporation by 5.3% in the 2nd quarter. LSV Asset Management now owns 1,424,022 shares of the insurance provider’s stock valued at $69,421,000 after buying an additional 71,520 shares during the period. Finally, Vanguard Group Inc. boosted its position in CNA Financial Corporation by 3.9% in the 1st quarter. Vanguard Group Inc. now owns 550,006 shares of the insurance provider’s stock valued at $24,294,000 after buying an additional 20,462 shares during the period. Hedge funds and other institutional investors own 99.81% of the company’s stock.

About CNA Financial Corporation

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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