CNA Financial (NYSE:CNA) Price Target Lowered to $54.00 at Keefe, Bruyette & Woods

CNA Financial (NYSE:CNA) had its price target trimmed by Keefe, Bruyette & Woods from $55.00 to $54.00 in a research report report published on Friday,Benzinga reports. The firm currently has a market perform rating on the insurance provider’s stock.

CNA has been the topic of several other reports. Bank of America increased their price objective on shares of CNA Financial from $45.00 to $48.00 and gave the company an “underperform” rating in a report on Thursday, October 10th. StockNews.com upgraded CNA Financial from a “hold” rating to a “buy” rating in a report on Wednesday, November 13th.

CNA Financial Stock Performance

CNA stock opened at $45.78 on Friday. The stock has a market capitalization of $12.40 billion, a PE ratio of 9.54, a price-to-earnings-growth ratio of 6.20 and a beta of 0.67. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.26 and a quick ratio of 0.26. The company has a 50 day moving average price of $48.67 and a 200 day moving average price of $48.70. CNA Financial has a fifty-two week low of $41.64 and a fifty-two week high of $52.36.

CNA Financial (NYSE:CNA) last issued its quarterly earnings results on Monday, November 4th. The insurance provider reported $1.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.01. The business had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.15 billion. CNA Financial had a return on equity of 13.30% and a net margin of 9.26%. During the same quarter in the prior year, the firm posted $1.06 earnings per share. Analysts forecast that CNA Financial will post 4.68 EPS for the current year.

CNA Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 5th. Investors of record on Monday, November 18th were given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date was Monday, November 18th. CNA Financial’s dividend payout ratio is currently 36.67%.

Insider Buying and Selling

In other news, EVP Douglas Worman sold 22,973 shares of the firm’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $48.75, for a total transaction of $1,119,933.75. Following the sale, the executive vice president now owns 133,777 shares of the company’s stock, valued at $6,521,628.75. This trade represents a 14.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.30% of the stock is currently owned by company insiders.

Institutional Trading of CNA Financial

A number of large investors have recently bought and sold shares of the business. Raymond James Trust N.A. increased its position in shares of CNA Financial by 4.1% during the third quarter. Raymond James Trust N.A. now owns 6,526 shares of the insurance provider’s stock worth $319,000 after acquiring an additional 260 shares in the last quarter. GAMMA Investing LLC increased its holdings in CNA Financial by 16.7% during the 4th quarter. GAMMA Investing LLC now owns 2,051 shares of the insurance provider’s stock worth $99,000 after purchasing an additional 293 shares in the last quarter. Abich Financial Wealth Management LLC raised its stake in shares of CNA Financial by 17.3% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 2,059 shares of the insurance provider’s stock valued at $95,000 after purchasing an additional 303 shares during the period. AE Wealth Management LLC lifted its holdings in shares of CNA Financial by 1.1% in the second quarter. AE Wealth Management LLC now owns 39,256 shares of the insurance provider’s stock valued at $1,809,000 after purchasing an additional 431 shares in the last quarter. Finally, Measured Wealth Private Client Group LLC grew its holdings in shares of CNA Financial by 4.4% during the third quarter. Measured Wealth Private Client Group LLC now owns 13,605 shares of the insurance provider’s stock worth $666,000 after buying an additional 578 shares in the last quarter. 98.45% of the stock is owned by institutional investors.

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.