Cna Financial (NYSE:CNA) Lowered to C at TheStreet

TheStreet lowered shares of Cna Financial (NYSE:CNA) from a b- rating to a c rating in a report issued on Monday, TheStreetRatingsTable reports.

A number of other research firms have also weighed in on CNA. Zacks Investment Research lowered Cna Financial from a strong-buy rating to a hold rating and set a $36.00 price objective on the stock. in a research note on Friday, March 20th. ValuEngine raised Cna Financial from a sell rating to a hold rating in a research note on Wednesday, March 18th.

Shares of CNA traded up $1.99 during trading hours on Monday, hitting $32.62. 259,835 shares of the stock were exchanged, compared to its average volume of 285,609. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.24 and a current ratio of 0.24. Cna Financial has a 12-month low of $26.52 and a 12-month high of $51.30. The company has a market cap of $8.21 billion, a price-to-earnings ratio of 8.91, a price-to-earnings-growth ratio of 1.56 and a beta of 0.69. The stock’s 50-day moving average price is $41.64 and its two-hundred day moving average price is $44.72.

Cna Financial (NYSE:CNA) last issued its quarterly earnings results on Monday, February 10th. The insurance provider reported $0.97 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.08. Cna Financial had a return on equity of 9.97% and a net margin of 9.29%. The firm had revenue of $2.47 billion during the quarter, compared to analysts’ expectations of $2.41 billion. During the same period in the previous year, the business earned ($0.08) earnings per share. On average, research analysts expect that Cna Financial will post 3.88 earnings per share for the current year.

The business also recently disclosed a None dividend, which was paid on Thursday, March 12th. Shareholders of record on Monday, February 24th were paid a dividend of $2.37 per share. The ex-dividend date of this dividend was Friday, February 21st. This represents a yield of 2.8%. This is a positive change from Cna Financial’s previous None dividend of $0.35. Cna Financial’s payout ratio is 41.23%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CNA. Advisor Group Inc. boosted its stake in Cna Financial by 266.4% during the fourth quarter. Advisor Group Inc. now owns 839 shares of the insurance provider’s stock worth $38,000 after buying an additional 610 shares during the last quarter. Huntington National Bank boosted its stake in Cna Financial by 108,500.0% during the fourth quarter. Huntington National Bank now owns 1,086 shares of the insurance provider’s stock worth $49,000 after buying an additional 1,085 shares during the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in Cna Financial during the fourth quarter worth $55,000. Rafferty Asset Management LLC boosted its stake in Cna Financial by 8.8% during the fourth quarter. Rafferty Asset Management LLC now owns 4,591 shares of the insurance provider’s stock worth $206,000 after buying an additional 370 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Cna Financial by 9.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 6,561 shares of the insurance provider’s stock valued at $294,000 after purchasing an additional 552 shares during the last quarter. 99.62% of the stock is currently owned by institutional investors.

About Cna Financial

CNA Financial Corporation provides commercial property and casualty insurance products primarily in the United States. It 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 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 standard property and casualty coverages for healthcare industry; surety and fidelity bonds; and warranty and alternative risks products.

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