Stock On Watch: What’s in Cna Financial Corp After Achieving 52-Week High?

Stock On Watch: What's in Cna Financial Corp After Achieving 52 Week High?

The stock of Cna Financial Corp (NYSE:CNA) hit a new 52-week high and has $45.36 target or 22.00% above today’s $37.18 share price. The 8 months bullish chart indicates low risk for the $10.08B company. The 1-year high was reported on Oct, 31 by Barchart.com. If the $45.36 price target is reached, the company will be worth $2.22 billion more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 212,604 shares traded hands or 21.80% up from the average. Cna Financial Corp (NYSE:CNA) has risen 8.54% since March 29, 2016 and is uptrending. It has outperformed by 5.06% the S&P500.

Analysts await Cna Financial Corp (NYSE:CNA) to report earnings on November, 7. They expect $0.79 earnings per share, up 2.60% or $0.02 from last year’s $0.77 per share. CNA’s profit will be $214.18M for 11.77 P/E if the $0.79 EPS becomes a reality. After $0.74 actual earnings per share reported by Cna Financial Corp for the previous quarter, Wall Street now forecasts 6.76% EPS growth.

Cna Financial Corp (NYSE:CNA) Ratings Coverage

Out of 3 analysts covering CNA Financial (NYSE:CNA), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. CNA Financial has been the topic of 4 analyst reports since October 16, 2015 according to StockzIntelligence Inc. The stock of Cna Financial Corp (NYSE:CNA) has “Buy” rating given on Friday, January 22 by Deutsche Bank. The stock has “Mkt Perform” rating given by Keefe Bruyette & Woods on Friday, October 7.

According to Zacks Investment Research, “CNA Financial Corporation is an insurance holding company whose primary subsidiaries consist of property/casualty and life insurance companies. CNA’s property/casualty insurance operations are conducted by Continental Casualty Company and The Continental Insurance Company. Life insurance operations are conducted by Continental Assurance Company.”

Insitutional Activity: The institutional sentiment decreased to 1.06 in Q2 2016. Its down 0.26, from 1.32 in 2016Q1. The ratio dived, as 19 funds sold all Cna Financial Corp shares owned while 47 reduced positions. 16 funds bought stakes while 54 increased positions. They now own 267.60 million shares or 0.25% less from 268.27 million shares in 2016Q1.
North Star Invest Management Corporation, a Illinois-based fund reported 200 shares. Guggenheim Ltd Liability Corporation accumulated 0.01% or 85,783 shares. The Missouri-based First Heartland Consultants has invested 0.06% in Cna Financial Corp (NYSE:CNA). Qs Invsts Ltd Liability Com accumulated 0.01% or 30,845 shares. California State Teachers Retirement Sys owns 58,788 shares or 0% of their US portfolio. Blackrock Institutional Trust Na reported 1.24M shares or 0.01% of all its holdings. Ameriprise reported 7,217 shares or 0% of all its holdings. Parametric Associates Ltd Liability Corp has invested 0.01% of its portfolio in Cna Financial Corp (NYSE:CNA). Mraz Amerine And Associates has invested 0.53% of its portfolio in Cna Financial Corp (NYSE:CNA). State Of Wisconsin Board accumulated 0% or 17,591 shares. Canada Pension Plan Investment Board has 1,787 shares for 0% of their US portfolio. Rothschild Asset Management accumulated 11,950 shares or 0.01% of the stock. The Alabama-based Stanley has invested 2.46% in Cna Financial Corp (NYSE:CNA). Creative Planning has 3,250 shares for 0% of their US portfolio. Da Davidson Company last reported 300 shares in the company.

Another recent and important Cna Financial Corp (NYSE:CNA) news was published by Moodys.com which published an article titled: “Moody’s affirms ratings of CNA Financial Corp (Baa2 senior) and subsidiaries …” on December 18, 2015.

CNA Company Profile

CNA Financial Corporation, incorporated on September 8, 1967, is an insurance holding company. The Company’s divisions include Specialty, Commercial, International, Life & Group Non-Core, and Corporate & Other Non-Core. The Company’s insurance products primarily include commercial property and casualty coverages, including surety. The Company’s services include risk management, information services, and warranty and claims administration. The Company’s property and casualty, and life and group insurance activities are primarily conducted by Continental Casualty Company (CCC), The Continental Insurance Company, Western Surety Company, CNA Insurance Company Limited and Hardy Underwriting Bermuda Limited and its subsidiaries (Hardy).

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