CNA Financial (CNA) Downgraded by ValuEngine

CNA Financial (NYSE:CNA) was downgraded by research analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a report released on Wednesday.

Separately, Zacks Investment Research cut shares of CNA Financial from a “buy” rating to a “hold” rating in a research note on Tuesday. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. CNA Financial presently has an average rating of “Hold” and a consensus target price of $53.33.

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Shares of NYSE CNA traded down $0.05 during mid-day trading on Wednesday, hitting $49.03. 59,752 shares of the stock were exchanged, compared to its average volume of 243,453. The firm has a market cap of $13,422.56, a price-to-earnings ratio of 14.51, a PEG ratio of 2.49 and a beta of 1.20. 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 has a twelve month low of $43.25 and a twelve month high of $55.62.

CNA Financial (NYSE:CNA) last posted its quarterly earnings data on Monday, February 12th. The insurance provider reported $1.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.23. CNA Financial had a net margin of 9.42% and a return on equity of 7.64%. The company had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same quarter last year, the business posted $0.82 earnings per share. analysts forecast that CNA Financial will post 3.98 earnings per share for the current year.

In other news, EVP Larry A. Haefner sold 7,457 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $53.25, for a total transaction of $397,085.25. Following the sale, the executive vice president now directly owns 42,460 shares of the company’s stock, valued at $2,260,995. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Scott L. Weber sold 1,486 shares of the stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $49.83, for a total transaction of $74,047.38. Following the sale, the executive vice president now directly owns 2,382 shares in the company, valued at $118,695.06. The disclosure for this sale can be found here. 0.18% of the stock is owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in the business. Robeco Institutional Asset Management B.V. boosted its stake in CNA Financial by 9.9% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,238,042 shares of the insurance provider’s stock valued at $65,681,000 after acquiring an additional 111,646 shares during the last quarter. Acadian Asset Management LLC boosted its stake in CNA Financial by 9.8% in the fourth quarter. Acadian Asset Management LLC now owns 556,913 shares of the insurance provider’s stock valued at $29,543,000 after acquiring an additional 49,788 shares during the last quarter. Allianz Asset Management GmbH boosted its stake in CNA Financial by 9.1% in the fourth quarter. Allianz Asset Management GmbH now owns 456,755 shares of the insurance provider’s stock valued at $24,232,000 after acquiring an additional 38,071 shares during the last quarter. Systematic Financial Management LP bought a new position in CNA Financial in the fourth quarter valued at approximately $23,551,000. Finally, Arrowstreet Capital Limited Partnership boosted its stake in CNA Financial by 110.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 373,588 shares of the insurance provider’s stock valued at $19,819,000 after acquiring an additional 196,288 shares during the last quarter. 99.64% of the stock is currently owned by hedge funds and other institutional investors.

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CNA Financial Company Profile

CNA Financial Corporation provides commercial property and casualty insurance products primarily in the United States. It operates through Specialty, Commercial, International, Life & Group, and Corporate & Other segments. The company's property insurance products include property, marine, boiler, and machinery coverages; and casualty insurance products comprise workers compensation, general and product liability, commercial auto, and umbrella coverages.

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

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