CNA Financial (NYSE:CNA) Price Target Raised to $48.00 at Bank of America

CNA Financial (NYSE:CNA) had its target price boosted by Bank of America from $45.00 to $48.00 in a research report released on Thursday morning, Benzinga reports. They currently have an underperform rating on the insurance provider’s stock.

Separately, Keefe, Bruyette & Woods lifted their price objective on shares of CNA Financial from $48.00 to $53.00 and gave the stock a market perform rating in a research report on Thursday, August 1st.

CNA Financial Trading Up 1.1 %

CNA stock opened at $49.04 on Thursday. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.27 and a quick ratio of 0.27. The company has a fifty day moving average price of $49.61 and a two-hundred day moving average price of $46.73. CNA Financial has a one year low of $38.32 and a one year high of $52.36. The stock has a market cap of $13.30 billion, a price-to-earnings ratio of 10.71, a price-to-earnings-growth ratio of 3.31 and a beta of 0.64.

CNA Financial (NYSE:CNA) last released its quarterly earnings data on Monday, July 29th. The insurance provider reported $1.19 EPS for the quarter, hitting analysts’ consensus estimates of $1.19. CNA Financial had a net margin of 9.27% and a return on equity of 14.02%. The firm had revenue of $3.52 billion during the quarter, compared to analysts’ expectations of $3.08 billion. During the same period in the previous year, the business posted $1.13 earnings per share. Equities analysts anticipate that CNA Financial will post 4.85 EPS for the current year.

CNA Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 29th. Stockholders of record on Monday, August 12th were given a $0.44 dividend. The ex-dividend date was Monday, August 12th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.59%. CNA Financial’s payout ratio is presently 38.43%.

Insider Activity

In other news, EVP Jane Elizabeth Possell sold 4,444 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $48.08, for a total value of $213,667.52. Following the completion of the sale, the executive vice president now owns 30,009 shares of the company’s stock, valued at approximately $1,442,832.72. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, EVP Jane Elizabeth Possell sold 4,444 shares of the business’s stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $48.08, for a total value of $213,667.52. Following the completion of the sale, the executive vice president now owns 30,009 shares of the company’s stock, valued at approximately $1,442,832.72. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Mark Steven James sold 18,547 shares of the company’s 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 $1,159,141.86. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 49,151 shares of company stock valued at $2,449,311. 0.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On CNA Financial

Several institutional investors and hedge funds have recently bought and sold shares of CNA. GAMMA Investing LLC lifted its position in CNA Financial by 28.5% during the first quarter. GAMMA Investing LLC now owns 1,144 shares of the insurance provider’s stock worth $52,000 after purchasing an additional 254 shares during the period. Fairscale Capital LLC bought a new stake in CNA Financial during the second quarter worth about $55,000. Abich Financial Wealth Management LLC lifted its position in CNA Financial by 39.1% during the first quarter. Abich Financial Wealth Management LLC now owns 1,756 shares of the insurance provider’s stock worth $80,000 after purchasing an additional 494 shares during the period. Covestor Ltd raised its stake in CNA Financial by 82.0% during the first quarter. Covestor Ltd now owns 1,971 shares of the insurance provider’s stock worth $90,000 after acquiring an additional 888 shares in the last quarter. Finally, Whittier Trust Co. acquired a new position in CNA Financial during the second quarter worth about $92,000. Institutional investors own 98.45% of the company’s stock.

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.