Does Cna Financial Corp (CNA) Have More Gas After Achieving 52-Week High?

June 19, 2017 - By reb123z

Investors sentiment decreased to 1.17 in Q4 2016. Its down 0.03, from 1.2 in 2016Q3. It is negative, as 21 investors sold Cna Financial Corp shares while 45 reduced holdings. 26 funds opened positions while 51 raised stakes. 267.66 million shares or 0.08% less from 267.88 million shares in 2016Q3 were reported.
Axa stated it has 134,324 shares or 0.03% of all its holdings. Ameriprise Financial owns 19,597 shares. Blackrock Gp Ltd owns 181,641 shares for 0% of their portfolio. Wellington Gp Limited Liability Partnership has invested 0% in Cna Financial Corp (NYSE:CNA). Northern Tru Corporation has invested 0% in Cna Financial Corp (NYSE:CNA). Heartland Advsr Inc invested 0.02% of its portfolio in Cna Financial Corp (NYSE:CNA). Marshall Wace Llp has 50,787 shares for 0.01% of their portfolio. Commonwealth Fincl Bank Of Australia owns 45,555 shares or 0.02% of their US portfolio. Utah Retirement holds 4,910 shares or 0.01% of its portfolio. Credit Agricole S A holds 6,523 shares or 0% of its portfolio. Geode Capital holds 0% or 229,783 shares. Moreover, Lsv Asset Management has 0.09% invested in Cna Financial Corp (NYSE:CNA) for 1.15 million shares. Macquarie Gp reported 60,200 shares. Amg Funds Ltd Liability owns 0.32% invested in Cna Financial Corp (NYSE:CNA) for 14,144 shares. 4,989 are owned by Sei.

Since February 7, 2017, it had 1 insider purchase, and 5 sales for $531,110 activity. On Tuesday, February 7 the insider PONTARELLI THOMAS sold $10,049. $318,059 worth of Cna Financial Corp (NYSE:CNA) shares were sold by Mense D Craig. Shares for $502,080 were bought by Robusto Dino on Tuesday, February 21. 15,000 shares were sold by ROSENBERG JOSEPH, worth $675,300. KANTOR JONATHAN D also sold $16,292 worth of Cna Financial Corp (NYSE:CNA) shares.

The stock of Cna Financial Corp (NYSE:CNA) hit a new 52-week high and has $50.12 target or 3.00 % above today’s $48.66 share price. The 5 months bullish chart indicates low risk for the $13.33 billion company. The 1-year high was reported on Jun, 19 by Barchart.com. If the $50.12 price target is reached, the company will be worth $399.90M 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 14,061 shares traded. Cna Financial Corp (NYSE:CNA) has risen 43.26% since June 19, 2016 and is uptrending. It has outperformed by 26.56% the S&P500.

Analysts await Cna Financial Corp (NYSE:CNA) to report earnings on August, 7. They expect $0.77 earnings per share, up 4.05 % or $0.03 from last year’s $0.74 per share. CNA’s profit will be $211.02 million for 15.79 P/E if the $0.77 EPS becomes a reality. After $0.87 actual earnings per share reported by Cna Financial Corp for the previous quarter, Wall Street now forecasts -11.49 % negative EPS growth.

Cna Financial Corp (NYSE:CNA) Ratings Coverage

Among 4 analysts covering CNA Financial (NYSE:CNA), 1 have Buy rating, 0 Sell and 3 Hold. Therefore 25% are positive. CNA Financial had 6 analyst reports since October 16, 2015 according to SRatingsIntel. The firm has “Neutral” rating by Macquarie Research given on Friday, December 2. The rating was initiated by Keefe Bruyette & Woods with “Mkt Perform” on Friday, October 7. The firm earned “Hold” rating on Tuesday, May 2 by Deutsche Bank. The rating was maintained by Deutsche Bank on Friday, January 22 with “Buy”.

More recent Cna Financial Corp (NYSE:CNA) news were published by: Businesswire.com which released: “AM Best Affirms Credit Ratings of CNA Financial Corporation and Its Subsidiaries” on June 14, 2017. Also Prnewswire.com published the news titled: “CNA Canada’s Vancouver Branch Relocates” on May 31, 2017. Prnewswire.com‘s news article titled: “CNA’s Sarah Pang Receives IICF Inclusion Champion Award” with publication date: June 09, 2017 was also an interesting one.

CNA Financial Corporation is an insurance holding company. The company has market cap of $13.33 billion. The Company’s divisions include Specialty, Commercial, International, Life & Group Non-Core, and Corporate & Other Non-Core. It has a 12.54 P/E ratio. The Company’s Specialty segment provides a range of professional, financial, and specialty property, and casualty services and products.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.