Keefe, Bruyette & Woods Cuts CNA Financial (NYSE:CNA) Price Target to $53.00

CNA Financial (NYSE:CNA) had its target price cut by equities researchers at Keefe, Bruyette & Woods from $54.00 to $53.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a “market perform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 7.25% from the stock’s previous close.

Separately, StockNews.com cut shares of CNA Financial from a “buy” rating to a “hold” rating in a research note on Tuesday.

CNA Financial Price Performance

CNA opened at $49.42 on Wednesday. CNA Financial has a one year low of $42.33 and a one year high of $52.36. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.26 and a quick ratio of 0.26. The company’s 50 day simple moving average is $48.48 and its 200-day simple moving average is $49.09. The stock has a market capitalization of $13.38 billion, a P/E ratio of 10.30 and a beta of 0.66.

CNA Financial (NYSE:CNA) last released its quarterly earnings results on Monday, February 10th. The insurance provider reported $1.25 EPS for the quarter, beating the consensus estimate of $1.11 by $0.14. CNA Financial had a net margin of 9.26% and a return on equity of 13.30%. Sell-side analysts anticipate that CNA Financial will post 4.68 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CNA Financial

Hedge funds and other institutional investors have recently bought and sold shares of the business. True Wealth Design LLC bought a new position in CNA Financial in the third quarter valued at approximately $36,000. EverSource Wealth Advisors LLC boosted its stake in CNA Financial by 663.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 771 shares of the insurance provider’s stock valued at $37,000 after acquiring an additional 670 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in CNA Financial by 29.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,265 shares of the insurance provider’s stock valued at $61,000 after acquiring an additional 286 shares during the last quarter. Quent Capital LLC boosted its stake in CNA Financial by 28.3% in the fourth quarter. Quent Capital LLC now owns 1,475 shares of the insurance provider’s stock valued at $71,000 after acquiring an additional 325 shares during the last quarter. Finally, Quantbot Technologies LP bought a new position in CNA Financial in the fourth quarter valued at approximately $74,000. 98.45% of the stock is owned by institutional investors.

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.