The stock of Cna Financial Corp (NYSE:CNA) hit a new 52-week high and has $41.19 target or 6.00% above today’s $38.86 share price. The 6 months bullish chart indicates low risk for the $10.60B company. The 1-year high was reported on Nov, 29 by Barchart.com. If the $41.19 price target is reached, the company will be worth $636.00M 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 42,536 shares traded hands. Cna Financial Corp (NYSE:CNA) has risen 22.09% since April 26, 2016 and is uptrending. It has outperformed by 16.83% the S&P500.
Analysts await Cna Financial Corp (NYSE:CNA) to report earnings on February, 13. They expect $0.81 earnings per share, up 526.32% or $1.00 from last year’s $-0.19 per share. CNA’s profit will be $220.95 million for 11.99 P/E if the $0.81 EPS becomes a reality. After $1.15 actual earnings per share reported by Cna Financial Corp for the previous quarter, Wall Street now forecasts -29.57% negative 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 firm earned “Mkt Perform” rating on Friday, October 7 by Keefe Bruyette & Woods. The firm earned “Buy” rating on Friday, January 22 by Deutsche Bank.
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 increased to 1.2 in Q2 2016. Its up 0.14, from 1.06 in 2016Q1. The ratio increased, 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.
Citadel Limited Co owns 73,333 shares or 0% of their US portfolio. Blackrock Advsrs Ltd Co accumulated 14,372 shares or 0% of the stock. Deroy & Devereaux Private Counsel Inc has invested 1.21% of its portfolio in Cna Financial Corp (NYSE:CNA). The Ontario – Canada-based National Bank & Trust Of Montreal Can has invested 0% in Cna Financial Corp (NYSE:CNA). Ladenburg Thalmann Financial Svcs has invested 0% of its portfolio in Cna Financial Corp (NYSE:CNA). Goldman Sachs Gru Inc accumulated 0% or 90,050 shares. Stevens Capital Management Ltd Partnership has 15,587 shares for 0.02% of their US portfolio. Parametric Ltd Liability holds 0.01% of its portfolio in Cna Financial Corp (NYSE:CNA) for 112,510 shares. D E Shaw And Com holds 0% of its portfolio in Cna Financial Corp (NYSE:CNA) for 29,436 shares. Teachers Incorporated holds 28,080 shares or 0% of its portfolio. Neuberger Berman Grp Incorporated Ltd Company last reported 0% of its portfolio in the stock. Metropolitan Life Insurance Communications New York, a New York-based fund reported 800 shares. Pine River Cap Mngmt Lp accumulated 0.01% or 26,655 shares. Rothschild Asset Mgmt Incorporated accumulated 11,950 shares or 0.01% of the stock. The Ontario – Canada-based Cibc Ww Mkts has invested 0% in Cna Financial Corp (NYSE:CNA).
More news for Cna Financial Corp (NYSE:CNA) were recently published by: Zacks.com, which released: “Looking for a Top Value Stock? 3 Reasons Why CNA Financial Corp. (CNA) is an …” on November 17, 2016. Nasdaq.com‘s article titled: “Ex-Dividend Reminder: Bio-Techne, Union Bankshares and CNA Financial” and published on November 07, 2016 is yet another important article.
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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