CNA Financial (CNA) Rating Lowered to Buy at ValuEngine
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.
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.
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