CNA Financial (NYSE:CNA) Earns Hold (C+) Rating from Weiss Ratings

Key Points

• CNA Financial's stock has received a "hold (C+)" rating restated by Weiss Ratings, indicating a cautious stance on the company’s market performance.
• For its last quarter, CNA Financial reported $1.23 EPS, exceeding estimates by $0.29, and generated $3.37 billion in revenue, well above analyst predictions.
• Insider activity has shown that Chairman Dino Robusto and CFO Scott R. Lindquist sold shares recently, with insiders collectively selling 30,880 shares valued at approximately $1.49 million over the last three months.

CNA Financial (NYSE:CNA - Get Free Report)'s stock had its "hold (c+)" rating restated by equities researchers at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

CNA Financial Stock Performance

Shares of NYSE:CNA traded down $0.10 on Wednesday, hitting $46.80. The company's stock had a trading volume of 293,341 shares, compared to its average volume of 513,407. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.27 and a current ratio of 0.27. The company has a market capitalization of $12.67 billion, a price-to-earnings ratio of 14.58, a price-to-earnings-growth ratio of 4.18 and a beta of 0.50. The stock's 50-day moving average is $47.28 and its two-hundred day moving average is $47.03. CNA Financial has a 12 month low of $43.29 and a 12 month high of $51.42.

CNA Financial (NYSE:CNA - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The insurance provider reported $1.23 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.29. The business had revenue of $3.37 billion during the quarter, compared to analyst estimates of $2.76 billion. CNA Financial had a return on equity of 11.85% and a net margin of 5.99%.During the same quarter in the prior year, the firm posted $1.19 earnings per share. On average, equities research analysts forecast that CNA Financial will post 4.64 EPS for the current year.

Insider Activity

In other news, Chairman Dino Robusto sold 6,250 shares of the stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $46.25, for a total transaction of $289,062.50. Following the transaction, the chairman owned 680,588 shares of the company's stock, valued at approximately $31,477,195. This represents a 0.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Scott R. Lindquist sold 8,380 shares of the stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $48.98, for a total value of $410,452.40. Following the sale, the chief financial officer owned 81,487 shares of the company's stock, valued at approximately $3,991,233.26. The trade was a 9.32% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 30,880 shares of company stock valued at $1,493,865. Company insiders own 0.30% of the company's stock.

Institutional Trading of CNA Financial

Several hedge funds have recently added to or reduced their stakes in CNA. AQR Capital Management LLC lifted its position in shares of CNA Financial by 3.4% in the 2nd quarter. AQR Capital Management LLC now owns 2,435,892 shares of the insurance provider's stock worth $112,806,000 after acquiring an additional 80,700 shares during the period. Bank of New York Mellon Corp increased its holdings in CNA Financial by 26.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,499,771 shares of the insurance provider's stock valued at $69,784,000 after purchasing an additional 309,534 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in CNA Financial by 210.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 862,690 shares of the insurance provider's stock valued at $43,816,000 after purchasing an additional 585,076 shares in the last quarter. CORDA Investment Management LLC. increased its holdings in CNA Financial by 2.8% during the 2nd quarter. CORDA Investment Management LLC. now owns 684,838 shares of the insurance provider's stock valued at $31,866,000 after purchasing an additional 18,856 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in CNA Financial by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 556,695 shares of the insurance provider's stock valued at $28,275,000 after purchasing an additional 11,019 shares in the last quarter. Institutional investors own 98.45% of the company's stock.

CNA Financial Company Profile

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.

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