Cna Financial Corp (NYSE:CNA)’s share price hit a new 52-week low on Thursday . The company traded as low as $43.80 and last traded at $44.18, with a volume of 7754 shares. The stock had previously closed at $45.11.
A number of equities analysts recently weighed in on CNA shares. Zacks Investment Research cut Cna Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, July 3rd. ValuEngine cut Cna Financial from a “hold” rating to a “sell” rating in a research note on Friday, August 3rd.
The company has a market capitalization of $12.39 billion, a price-to-earnings ratio of 12.93, a PEG ratio of 2.20 and a beta of 1.10. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.25 and a quick ratio of 0.25.
Cna Financial (NYSE:CNA) last issued its quarterly earnings results on Monday, July 30th. The insurance provider reported $0.99 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.98 by $0.01. The firm had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.82 billion. Cna Financial had a return on equity of 8.43% and a net margin of 9.32%. Cna Financial’s revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the business posted $0.88 EPS. As a group, sell-side analysts anticipate that Cna Financial Corp will post 4.16 earnings per share for the current year.
A number of institutional investors and hedge funds have recently modified their holdings of CNA. BNP Paribas Arbitrage SA grew its stake in Cna Financial by 395.1% during the 1st quarter. BNP Paribas Arbitrage SA now owns 2,936 shares of the insurance provider’s stock valued at $145,000 after acquiring an additional 2,343 shares in the last quarter. TLP Group LLC purchased a new position in Cna Financial during the 1st quarter valued at about $159,000. Sciencast Management LP purchased a new position in Cna Financial during the 1st quarter valued at about $208,000. Trexquant Investment LP purchased a new position in Cna Financial during the 2nd quarter valued at about $223,000. Finally, Raymond James Trust N.A. grew its stake in Cna Financial by 42.6% during the 2nd quarter. Raymond James Trust N.A. now owns 6,019 shares of the insurance provider’s stock valued at $275,000 after acquiring an additional 1,799 shares in the last quarter. 99.50% of the stock is currently owned by hedge funds and other institutional investors.
About Cna Financial (NYSE:CNA)
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.
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