CNA Financial Corp (NYSE: CNA) is 1.01% higher on its value in year-to-date trading and has touched a low of $40.45 and a high of $52.36 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CNA stock was last observed hovering at around $48.76 in the last trading session, with the day’s gains setting it 0.1%.
Currently trading at $48.86, the stock is 2.14% and 0.55% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.22 million and changing 0.21% at the moment leaves the stock 3.01% off its SMA200. CNA registered 19.97% gain for a year compared to 6-month loss of 0.00%. The firm has a 50-day simple moving average (SMA 50) of $48.5926 and a 200-day simple moving average (SMA200) of $47.43245.
The stock witnessed a 0.43% gain in the last 1 month and extending the period to 3 months gives it a -2.61%, and is 6.54% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.62% over the week and 1.71% over the month.
CNA Financial Corp (CNA) has around 6300 employees, a market worth around $13.23B and $14.09B in sales. Current P/E ratio is 10.21 and Fwd P/E is 9.31. Profit margin for the company is 9.26%. Distance from 52-week low is 20.79% and -6.68% from its 52-week high. The company has generated returns on investments over the last 12 months (9.50%).
The EPS is expected to grow by 1.93% this year.
CNA Financial Corp (CNA) Top Institutional Holders
367.0 institutions hold shares in CNA Financial Corp (CNA), with institutional investors hold 99.58% of the company’s shares. The shares outstanding are 270.84M, and float is at 269.45M with Short Float at 0.34%. Institutions hold 99.20% of the Float.
The top institutional shareholder in the company is LOEWS CORP with over 248.41 million shares valued at $11.44 billion. The investor’s holdings represent 91.4635% of the CNA Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 1.68 million shares valued at $77.28 million to account for 0.6176 of the shares outstanding. The other top investors are JPMORGAN CHASE & CO which holds 1.51 million shares representing 0.5543% and valued at over $69.36 million, while AQR CAPITAL MANAGEMENT LLC holds 0.4243 of the shares totaling 1.15 million with a market value of $51.76 million.
CNA Financial Corp (CNA) Insider Activity
The most recent transaction is an insider sale by Worman Douglas, the company’s EVP & Head of Underwriting. SEC filings show that Worman Douglas sold 22,973 shares of the company’s common stock on Nov 07 ’24 at a price of $48.75 per share for a total of $1.12 million. Following the sale, the insider now owns 0.13 million shares.
Still, SEC filings show that on Sep 16 ’24, James Mark Steven (EVP, Chief Risk & Rein Off) disposed off 18,547 shares at an average price of $50.58 for $0.94 million. The insider now directly holds 22,917 shares of CNA Financial Corp (CNA).
