Keefe, Bruyette & Woods Boosts CNA Financial (NYSE:CNA) Price Target to $55.00

CNA Financial (NYSE:CNA) had its target price increased by stock analysts at Keefe, Bruyette & Woods from $54.00 to $55.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a “market perform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ target price indicates a potential upside of 11.49% from the stock’s current price.

A number of other research firms also recently weighed in on CNA. Bank of America upped their price target on CNA Financial from $45.00 to $48.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th. StockNews.com downgraded CNA Financial from a “buy” rating to a “hold” rating in a research report on Tuesday.

CNA Financial Trading Up 1.3 %

NYSE:CNA traded up $0.61 on Friday, hitting $49.33. 26,528 shares of the stock were exchanged, compared to its average volume of 276,221. The stock has a market capitalization of $13.36 billion, a price-to-earnings ratio of 10.28, a P/E/G ratio of 3.41 and a beta of 0.65. CNA Financial has a 52 week low of $38.32 and a 52 week high of $52.36. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.27 and a current ratio of 0.26. The company’s 50-day moving average price is $49.41 and its 200 day moving average price is $47.36.

CNA Financial (NYSE:CNA) last announced its quarterly earnings data on Monday, November 4th. The insurance provider reported $1.08 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.01. The firm had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.15 billion. CNA Financial had a return on equity of 13.30% and a net margin of 9.26%. During the same period in the previous year, the business posted $1.06 EPS. On average, equities research analysts forecast that CNA Financial will post 4.55 earnings per share for the current year.

Insider Buying and Selling at CNA Financial

In other news, EVP Mark Steven James sold 18,547 shares of CNA Financial stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $50.58, for a total transaction of $938,107.26. Following the sale, the executive vice president now directly owns 22,917 shares of the company’s stock, valued at approximately $1,159,141.86. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, EVP Elizabeth Ann Aguinaga sold 26,160 shares of CNA Financial stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $49.60, for a total transaction of $1,297,536.00. Following the sale, the executive vice president now directly owns 47,744 shares of the company’s stock, valued at approximately $2,368,102.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Mark Steven James sold 18,547 shares of CNA Financial stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $50.58, for a total value of $938,107.26. Following the completion of the transaction, the executive vice president now directly owns 22,917 shares in the company, valued at approximately $1,159,141.86. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.30% of the company’s stock.

Hedge Funds Weigh In On CNA Financial

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Abich Financial Wealth Management LLC lifted its stake in shares of CNA Financial by 17.3% in 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 period. Signaturefd LLC lifted its stake in CNA Financial by 10.4% in the second quarter. Signaturefd LLC now owns 3,897 shares of the insurance provider’s stock valued at $180,000 after buying an additional 366 shares during the period. GAMMA Investing LLC lifted its stake in CNA Financial by 36.9% in the second quarter. GAMMA Investing LLC now owns 1,566 shares of the insurance provider’s stock valued at $72,000 after buying an additional 422 shares during the period. AE Wealth Management LLC lifted its stake in 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 buying an additional 431 shares during the period. Finally, Wakefield Asset Management LLLP lifted its stake in CNA Financial by 4.5% in the second quarter. Wakefield Asset Management LLLP now owns 10,205 shares of the insurance provider’s stock valued at $470,000 after buying an additional 440 shares during the period. 98.45% of the stock is owned by institutional investors and hedge funds.

About CNA Financial

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.