Private Management Group, Inc. recently announced the acquisition of new stake in CNA Financial Corporation (NYSE:CNA). The institutional investor has increased its shareholding in the Financial company by 1.12% to 0.89 million shares with purchase of 9929.0 shares. This fresh investment now brings its stake to 0.33% valued currently at $37.79 million. In addition, Mellon Investments Corp. raised its holdings by 32401.0 to 0.82 million shares. And Dimensional Fund Advisors LP has lifted its position by 3.78% or 29784.0 shares – to 0.82 million shares.
With over 0.1 million CNA Financial Corporation (CNA) shares trading Monday and a closing price of $42.52 on the day, the dollar volume was approximately $4.43 million. The shares have shown a positive half year performance of 0.14% and its price on 01/23/23 gained nearly 1.41%. Currently, there are 271.40M common shares owned by the public and among those 270.07M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 5 analysts who have offered their price forecasts for CNA have a consensus price objective of $49.00. The analysts have set the share’s price value over the next 12 months at a high of $56.00 and a low of $42.00. The average price target is 13.22% above its recent price level and a downside to the estimated low will see the stock lose -1.24% over that period. But an upside of 24.07% will see the stock hit the forecast high price target while median target price for the stock is $49.00.
Insiders at the company have transacted a total of 39 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 26 of these insider trades were purchases, accounting for 1,017,407 shares. Insider sales of the common stock occurred on 13 occasions, with total insider shares sold totaling 141,752 shares.
The top 3 mutual fund holders in CNA Financial Corporation are T Rowe Price Mid Cap Value Fund, Vanguard Selected Value Fund, and JPMorgan Value Advantage Fund. T Rowe Price Mid Cap Value Fund owns 2.93 million shares of the company’s stock, all valued at over $124.03 million. The company sold 94200.0 shares recently to bring their total holdings to about 1.08% of the shares outstanding. JPMorgan Value Advantage Fund sold 8800.0 shares to bring its total holdings to over 0.7 million shares at a value of $29.79 million. JPMorgan Value Advantage Fund now owns shares totaling to 0.26% of the shares outstanding.
Shares of CNA Financial Corporation (NYSE: CNA) opened at $42.10, up $0.17 from a prior closing price of $41.93. However, the script later moved the day high at 42.61, up 1.41%. The company’s stock has a 5-day price change of -1.69% and 8.06% over the past three months. CNA shares are trading 0.57% year to date (YTD), with the 12-month market performance down to -2.25% lower. It has a 12-month low price of $35.90 and touched a high of $50.33 over the same period. CNA has an average intraday trading volume of 177.58K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.00%, 1.19%, and 0.14% respectively.
Institutional ownership of CNA Financial Corporation (NYSE: CNA) shares accounts for 99.00% of the company’s 271.40M shares outstanding. Mutual fund holders own 4.08%, while other institutional holders and individual stakeholders account for 4.46% and 180.92% respectively.
It has a market capitalization of $11.52B and a beta (3y monthly) value of 0.67. The stock’s trailing 12-month PE ratio is 12.72, while the earnings-per-share (ttm) stands at $3.34. The company has a PEG of 2.54 and the debt-to-equity ratio at 0.34. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.52% over the week and 1.52% over the month.
Analysts forecast that CNA Financial Corporation (CNA) will achieve an EPS of $0.6 for the current quarter, $0.97 for the next quarter and $4.54 for 2023. The lowest estimate earnings-per-share for the quarter is $0.38 while analysts give the company a high EPS estimate of $0.83. Comparatively, EPS for the current quarter was $0.87 a year ago. Earnings per share for the fiscal year are expected to increase by 73.90%, and 19.83% over the next financial year. EPS should shrink at an annualized rate of 5.00% over the next five years, compared to 6.80% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 5 brokerage firm advisors rate CNA Financial Corporation (CNA) as a “Hold” at a consensus score of 3.00. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 3 of the 5 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the CNA, a number of firms have released research notes about the stock. Keefe Bruyette stated their Outperform rating for the stock in a research note on February 19, 2021, with the firm’s price target at $41-$52. Deutsche Bank on their part issued Hold rating on May 02, 2017.