Cna Financial (CNA) Reaches New 12-Month Low at $43.03

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Cna Financial Corp (NYSE:CNA) reached a new 52-week low during trading on Tuesday . The company traded as low as $43.03 and last traded at $43.20, with a volume of 1624 shares traded. The stock had previously closed at $43.74.

A number of equities research analysts have recently commented on CNA shares. Zacks Investment Research raised Cna Financial from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a research report on Monday, October 15th. ValuEngine lowered Cna Financial from a “hold” rating to a “sell” rating in a research report on Friday, August 3rd.

The stock has a market capitalization of $11.98 billion, a P/E ratio of 12.90, a PEG ratio of 2.10 and a beta of 1.10. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.23.

Cna Financial (NYSE:CNA) last released its quarterly earnings results on Monday, July 30th. The insurance provider reported $0.99 EPS for the quarter, topping the Zacks’ consensus estimate of $0.98 by $0.01. The company had revenue of $1.77 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter last year, the firm posted $0.88 earnings per share. On average, equities research analysts predict that Cna Financial Corp will post 4.2 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Donald Smith & CO. Inc. raised its position in shares of Cna Financial by 4.0% during the second quarter. Donald Smith & CO. Inc. now owns 1,873,570 shares of the insurance provider’s stock worth $85,585,000 after purchasing an additional 72,609 shares during the period. LSV Asset Management grew its holdings in shares of Cna Financial by 9.9% during the second quarter. LSV Asset Management now owns 1,547,079 shares of the insurance provider’s stock worth $70,670,000 after buying an additional 139,557 shares in the last quarter. BlackRock Inc. grew its holdings in shares of Cna Financial by 10.5% during the second quarter. BlackRock Inc. now owns 1,147,705 shares of the insurance provider’s stock worth $52,425,000 after buying an additional 109,421 shares in the last quarter. Private Management Group Inc. grew its holdings in shares of Cna Financial by 1.8% during the second quarter. Private Management Group Inc. now owns 980,290 shares of the insurance provider’s stock worth $44,780,000 after buying an additional 17,708 shares in the last quarter. Finally, First Trust Advisors LP grew its holdings in shares of Cna Financial by 26.1% during the second quarter. First Trust Advisors LP now owns 800,745 shares of the insurance provider’s stock worth $36,578,000 after buying an additional 165,647 shares in the last quarter. 99.56% of the stock is currently owned by institutional investors.

Cna Financial Company Profile (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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