Keefe, Bruyette & Woods Lowers CNA Financial (NYSE:CNA) Price Target to $53.00

CNA Financial (NYSE:CNA) had its price objective decreased by research analysts at Keefe, Bruyette & Woods from $54.00 to $53.00 in a report issued on Wednesday,Benzinga reports. The firm presently has a “market perform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 8.24% from the company’s current price.

Separately, StockNews.com lowered shares of CNA Financial from a “buy” rating to a “hold” rating in a research note on Tuesday.

CNA Financial Price Performance

Shares of NYSE CNA opened at $48.97 on Wednesday. The firm has a market cap of $13.26 billion, a price-to-earnings ratio of 10.20 and a beta of 0.66. The stock has a fifty day simple moving average of $48.53 and a two-hundred day simple moving average of $49.09. The company has a current ratio of 0.26, a quick ratio of 0.26 and a debt-to-equity ratio of 0.28. CNA Financial has a 1-year low of $42.33 and a 1-year high of $52.36.

CNA Financial (NYSE:CNA) last announced its quarterly earnings data on Monday, February 10th. The insurance provider reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.11 by $0.14. CNA Financial had a return on equity of 13.30% and a net margin of 9.26%. Analysts anticipate that CNA Financial will post 4.68 earnings per share for the current year.

Institutional Trading of CNA Financial

A number of hedge funds and other institutional investors have recently bought and sold shares of CNA. Prudential Financial Inc. boosted its holdings in CNA Financial by 250.8% in the 4th quarter. Prudential Financial Inc. now owns 45,137 shares of the insurance provider’s stock valued at $2,211,000 after purchasing an additional 32,270 shares during the period. Quantbot Technologies LP purchased a new stake in shares of CNA Financial in the fourth quarter worth $74,000. Royal London Asset Management Ltd. raised its position in shares of CNA Financial by 71.3% in the fourth quarter. Royal London Asset Management Ltd. now owns 10,454 shares of the insurance provider’s stock worth $506,000 after buying an additional 4,350 shares in the last quarter. SlateStone Wealth LLC boosted its stake in CNA Financial by 4.3% during the fourth quarter. SlateStone Wealth LLC now owns 22,710 shares of the insurance provider’s stock valued at $1,098,000 after buying an additional 934 shares during the period. Finally, Brandes Investment Partners LP grew its position in CNA Financial by 12.1% during the fourth quarter. Brandes Investment Partners LP now owns 14,382 shares of the insurance provider’s stock worth $696,000 after buying an additional 1,548 shares in the last quarter. Institutional investors own 98.45% of the company’s stock.

CNA Financial Company Profile

CNA Financial Corporation provides commercial property and casualty insurance products in the United States and internationally. It operates through Specialty, Commercial, International, Life & Group, and Corporate & Other segments. The company offers professional liability coverages and risk management services to various professional firms, including architects, real estate agents, and accounting and law firms; directors and officers, employment practices, fiduciary, and fidelity and cyber coverages to small and mid-size firms, public and privately held firms, and not-for-profit organizations; professional and general liability, as well as associated casualty coverages for healthcare industry; surety and fidelity bonds; and warranty and alternative risks products.