Zacks Investment Research upgraded shares of Cna Financial (NYSE:CNA) from a sell rating to a hold rating in a research note published on Tuesday.

According to Zacks, “CNA Financial, as one of the versatile property and casualty insurers, has been maintaining a good track record of its combined ratio over the past few years, thus leading to underwriting profitability. Moreover, with the rising interest rate environment, the company has been displaying improving investment results over a considerable period of time. CNA Financial also remains committed to enhancing its shareholder value via effective capital deployment. Its long-term care business continues to perform strongly. Shares of CNA Financial have underperformed the industry year to date. Also, there were no earnings momentum witnessed in the last 60 days. Exposure to catastrophe loss poses an inherent risk to the P&C business, rendering volatility to the company’s earnings.”

Separately, ValuEngine cut shares of Cna Financial from a hold rating to a sell rating in a research report on Friday, August 3rd.

Shares of NYSE CNA opened at $43.70 on Tuesday. The stock has a market capitalization of $12.39 billion, a PE ratio of 12.93, a price-to-earnings-growth ratio of 2.20 and a beta of 1.10. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.23. Cna Financial has a 52 week low of $43.06 and a 52 week high of $55.62.

Cna Financial (NYSE:CNA) last issued its earnings results on Monday, July 30th. The insurance provider reported $0.99 EPS for the quarter, beating the Zacks’ consensus estimate of $0.98 by $0.01. The business had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.82 billion. Cna Financial had a net margin of 9.32% and a return on equity of 8.43%. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.88 earnings per share. As a group, equities research analysts predict that Cna Financial will post 4.16 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Dynamic Technology Lab Private Ltd raised its position in shares of Cna Financial by 9.1% in the second quarter. Dynamic Technology Lab Private Ltd now owns 14,434 shares of the insurance provider’s stock valued at $660,000 after buying an additional 1,209 shares during the last quarter. Standard Life Aberdeen plc raised its position in shares of Cna Financial by 17.6% in the second quarter. Standard Life Aberdeen plc now owns 9,339 shares of the insurance provider’s stock valued at $426,000 after buying an additional 1,397 shares during the last quarter. Macquarie Group Ltd. raised its position in shares of Cna Financial by 2.1% in the second quarter. Macquarie Group Ltd. now owns 69,000 shares of the insurance provider’s stock valued at $3,152,000 after buying an additional 1,400 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position in shares of Cna Financial by 17.3% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 11,258 shares of the insurance provider’s stock valued at $514,000 after buying an additional 1,658 shares during the last quarter. Finally, Sei Investments Co. raised its position in shares of Cna Financial by 13.5% in the second quarter. Sei Investments Co. now owns 15,092 shares of the insurance provider’s stock valued at $689,000 after buying an additional 1,796 shares during the last quarter. Institutional investors and hedge funds own 99.50% of the company’s stock.

Cna Financial Company Profile

CNA Financial Corporation provides commercial property and casualty insurance products primarily in the United States. It operates through Specialty, Commercial, International, Life & Group, and Corporate & Other segments. The company's property insurance products include property, marine, boiler, and machinery coverages; and casualty insurance products comprise workers compensation, general and product liability, commercial auto, and umbrella coverages.

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