CNA Financial (NYSE:CNA) was downgraded by analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a note issued to investors on Friday.

Several other research firms also recently weighed in on CNA. Keefe, Bruyette & Woods restated a “hold” rating and set a $50.00 price objective on shares of CNA Financial in a report on Thursday, August 3rd. Zacks Investment Research upgraded shares of CNA Financial from a “hold” rating to a “strong-buy” rating and set a $61.00 price objective on the stock in a report on Tuesday, November 28th. Finally, BidaskClub downgraded shares of CNA Financial from a “buy” rating to a “hold” rating in a report on Friday, August 25th. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. CNA Financial has an average rating of “Buy” and an average target price of $54.00.

Shares of CNA Financial (NYSE:CNA) traded up $0.01 during midday trading on Friday, reaching $54.39. 173,429 shares of the company traded hands, compared to its average volume of 184,948. The company has a market capitalization of $14,749.32, a price-to-earnings ratio of 17.27, a PEG ratio of 3.55 and a beta of 1.32. CNA Financial has a fifty-two week low of $37.88 and a fifty-two week high of $55.62. 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 (NYSE:CNA) last released its quarterly earnings data on Monday, October 30th. The insurance provider reported $0.58 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by ($0.27). CNA Financial had a return on equity of 7.14% and a net margin of 9.67%. The business had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.37 billion. During the same quarter in the previous year, the company posted $1.15 EPS. equities analysts anticipate that CNA Financial will post 3.07 EPS for the current year.

Several hedge funds have recently made changes to their positions in the company. LSV Asset Management raised its holdings in shares of CNA Financial by 5.3% in the second quarter. LSV Asset Management now owns 1,424,022 shares of the insurance provider’s stock valued at $69,421,000 after purchasing an additional 71,520 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in shares of CNA Financial by 60.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,126,396 shares of the insurance provider’s stock valued at $56,601,000 after purchasing an additional 424,158 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of CNA Financial by 26.1% in the third quarter. First Trust Advisors LP now owns 770,306 shares of the insurance provider’s stock valued at $38,708,000 after purchasing an additional 159,401 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of CNA Financial by 3.9% in the first quarter. Vanguard Group Inc. now owns 550,006 shares of the insurance provider’s stock valued at $24,294,000 after purchasing an additional 20,462 shares during the last quarter. Finally, Towle & Co. raised its holdings in shares of CNA Financial by 2.4% in the third quarter. Towle & Co. now owns 469,962 shares of the insurance provider’s stock valued at $23,616,000 after purchasing an additional 11,227 shares during the last quarter. Institutional investors own 99.69% of the company’s stock.

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CNA Financial 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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