TheStreet Lowers Cna Financial (NYSE:CNA) to C

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

Other research analysts also recently issued research reports about the company. Zacks Investment Research downgraded Cna Financial from a strong-buy rating to a hold rating and set a $36.00 price objective on the stock. in a report on Friday, March 20th. ValuEngine upgraded Cna Financial from a sell rating to a hold rating in a report on Wednesday, March 18th.

NYSE CNA traded up $1.99 during trading hours on Monday, hitting $32.62. 259,835 shares of the company were exchanged, compared to its average volume of 285,609. The company has a 50 day moving average of $41.64 and a two-hundred day moving average of $44.72. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.22. Cna Financial has a 52-week low of $26.52 and a 52-week high of $51.30. The firm has a market cap of $8.21 billion, a price-to-earnings ratio of 8.91, a PEG ratio of 1.56 and a beta of 0.69.

Cna Financial (NYSE:CNA) last issued its quarterly earnings results on Monday, February 10th. The insurance provider reported $0.97 earnings per share 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 company had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.41 billion. During the same quarter in the prior year, the business earned ($0.08) EPS. On average, equities research analysts predict that Cna Financial will post 3.88 EPS for the current year.

The firm also recently disclosed a None dividend, which was paid on Thursday, March 12th. Stockholders of record on Monday, February 24th were issued a $2.37 dividend. The ex-dividend date was Friday, February 21st. This represents a dividend yield of 2.8%. This is an increase from Cna Financial’s previous None dividend of $0.35. Cna Financial’s dividend payout ratio is presently 41.23%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advisor Group Inc. increased its holdings in shares of Cna Financial by 266.4% in the 4th quarter. Advisor Group Inc. now owns 839 shares of the insurance provider’s stock valued at $38,000 after acquiring an additional 610 shares during the last quarter. Huntington National Bank increased its holdings in shares of Cna Financial by 108,500.0% in the 4th quarter. Huntington National Bank now owns 1,086 shares of the insurance provider’s stock valued at $49,000 after acquiring an additional 1,085 shares during the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Cna Financial in the 4th quarter valued at about $55,000. Rafferty Asset Management LLC increased its holdings in shares of Cna Financial by 8.8% in the 4th quarter. Rafferty Asset Management LLC now owns 4,591 shares of the insurance provider’s stock valued at $206,000 after acquiring an additional 370 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings 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 acquiring an additional 552 shares during the last quarter. Institutional investors and hedge funds own 99.62% of the company’s stock.

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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