Cna Financial (NYSE:CNA) Reaches New 12-Month High at $49.70

Shares of Cna Financial Corp (NYSE:CNA) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $49.70 and last traded at $49.70, with a volume of 2730 shares. The stock had previously closed at $49.57.

Separately, Zacks Investment Research lowered shares of Cna Financial from a “hold” rating to a “sell” rating and set a $49.00 price objective on the stock. in a report on Tuesday, August 6th.

The stock has a market capitalization of $13.45 billion, a PE ratio of 15.98, a price-to-earnings-growth ratio of 2.37 and a beta of 0.82. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.24 and a quick ratio of 0.24. The business’s fifty day moving average price is $47.53 and its two-hundred day moving average price is $46.06.



Cna Financial (NYSE:CNA) last announced its quarterly earnings data on Monday, August 5th. The insurance provider reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.02 by $0.06. The firm had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.35 billion. Cna Financial had a net margin of 8.44% and a return on equity of 7.83%. During the same period in the previous year, the company earned $0.99 earnings per share. As a group, equities research analysts anticipate that Cna Financial Corp will post 4.18 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 19th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date of this dividend was Friday, August 16th. Cna Financial’s dividend payout ratio (DPR) is presently 45.16%.

Several institutional investors and hedge funds have recently made changes to their positions in CNA. Heartland Advisors Inc. boosted its stake in shares of Cna Financial by 2.2% during the 2nd quarter. Heartland Advisors Inc. now owns 10,646 shares of the insurance provider’s stock worth $501,000 after acquiring an additional 225 shares in the last quarter. Signaturefd LLC boosted its stake in shares of Cna Financial by 23.6% during the 2nd quarter. Signaturefd LLC now owns 1,565 shares of the insurance provider’s stock worth $74,000 after acquiring an additional 299 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Cna Financial by 4.1% during the 2nd quarter. Janney Montgomery Scott LLC now owns 8,802 shares of the insurance provider’s stock worth $414,000 after acquiring an additional 349 shares in the last quarter. US Bancorp DE boosted its stake in shares of Cna Financial by 41.9% during the 2nd quarter. US Bancorp DE now owns 2,040 shares of the insurance provider’s stock worth $96,000 after acquiring an additional 602 shares in the last quarter. Finally, Assetmark Inc. boosted its stake in shares of Cna Financial by 22.8% during the 2nd quarter. Assetmark Inc. now owns 3,393 shares of the insurance provider’s stock worth $160,000 after acquiring an additional 629 shares in the last quarter. 99.14% of the stock is currently owned by hedge funds and other institutional investors.

Cna Financial Company Profile (NYSE:CNA)

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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