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

CNA Financial (NYSE:CNA - Get Free Report) had its price objective lowered by analysts at Keefe, Bruyette & Woods from $55.00 to $54.00 in a report released on Friday,Benzinga reports. The brokerage currently has a "market perform" rating on the insurance provider's stock. Keefe, Bruyette & Woods' price target would indicate a potential upside of 17.96% from the company's current price.

A number of other research firms also recently issued reports on CNA. Bank of America lifted 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 Price Performance

Shares of CNA Financial stock traded down $1.74 on Friday, hitting $45.78. 344,620 shares of the company traded hands, compared to its average volume of 237,637. CNA Financial has a 52 week low of $41.64 and a 52 week high of $52.36. The business has a 50-day simple moving average of $48.67 and a 200 day simple moving average of $48.70. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.26 and a current ratio of 0.26. The stock has a market capitalization of $12.40 billion, a P/E ratio of 9.54, a price-to-earnings-growth ratio of 6.20 and a beta of 0.67.

CNA Financial (NYSE:CNA - Get Free Report) last posted its earnings results on Monday, November 4th. The insurance provider reported $1.08 earnings per share for the quarter, topping analysts' consensus estimates of $1.07 by $0.01. CNA Financial had a net margin of 9.26% and a return on equity of 13.30%. The firm had revenue of $3.62 billion for the quarter, compared to the consensus estimate of $3.15 billion. During the same period in the previous year, the firm posted $1.06 EPS. Research analysts expect that CNA Financial will post 4.68 earnings per share for the current fiscal year.

Insiders Place Their Bets

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

Institutional Investors Weigh In On CNA Financial

A number of hedge funds have recently added to or reduced their stakes in CNA. True Wealth Design LLC acquired a new stake in CNA Financial in the third quarter valued at $36,000. Fairscale Capital LLC purchased a new position in CNA Financial during the 2nd quarter valued at about $55,000. Abich Financial Wealth Management LLC raised its position in CNA Financial by 17.3% during the second quarter. Abich Financial Wealth Management LLC now owns 2,059 shares of the insurance provider's stock worth $95,000 after acquiring an additional 303 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of CNA Financial by 16.7% in the fourth quarter. GAMMA Investing LLC now owns 2,051 shares of the insurance provider's stock valued at $99,000 after purchasing an additional 293 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of CNA Financial in the third quarter valued at approximately $146,000. Institutional investors and hedge funds 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.