The stock of Cna Financial Corp (NYSE:CNA) hit a new 52-week high and has $58.30 target or 49.00% above today’s $39.13 share price. The 9 months bullish chart indicates low risk for the $10.68B company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $58.30 price target is reached, the company will be worth $5.23B 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 23,653 shares traded hands. Cna Financial Corp (NYSE:CNA) has risen 21.31% since April 15, 2016 and is uptrending. It has outperformed by 16.68% the S&P500.
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 has “Buy” rating given 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 decreased to 1.06 in 2016 Q2. 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.
Verition Fund Management Ltd Limited Liability Company reported 9,678 shares or 0.04% of all its holdings. Sg Americas Securities Ltd last reported 0% of its portfolio in the stock. Price T Rowe Assoc Md reported 7.45 million shares or 0.05% of all its holdings. Deutsche Commercial Bank Ag reported 60,808 shares or 0% of all its holdings. Bank & Trust Of New York Mellon Corp holds 0% of its portfolio in Cna Financial Corp (NYSE:CNA) for 267,752 shares. Northern Tru Corp last reported 132,883 shares in the company. Principal Financial Incorporated last reported 6,568 shares in the company. Schroder Gru has 0.02% invested in the company for 370,728 shares. Blackrock Gru Limited reported 317,695 shares or 0.01% of all its holdings. Nuance Limited Com has 94,380 shares for 0.31% of their US portfolio. Pacad Inv Ltd holds 500 shares or 0% of its portfolio. Credit Suisse Ag has 17,778 shares for 0% of their US portfolio. Clinton Grp Inc has invested 0.04% of its portfolio in Cna Financial Corp (NYSE:CNA). Sei Invs Communication reported 275 shares or 0% of all its holdings. Checchi Advisers Llc has 359 shares for 0% of their US portfolio.
Another recent and important Cna Financial Corp (NYSE:CNA) news was published by Nasdaq.com which published an article titled: “Ex-Dividend Reminder: Bio-Techne, Union Bankshares and CNA Financial” on November 07, 2016.
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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