CNA Financial Corp (NYSE: CNA) has reported E.P.S. of $1.24 for its first fiscal quarter (ending March 31) versus $1.10 for the same period a year ago — an increase of 13%. However, this result fell short of the consensus estimate of $1.51 by $-0.27. E.P.S. were $4.58 for the latest four quarters through March 31 versus $2.52 for the same period a year ago — an increase of 82%.
Recent Price Action
CNA Financial Corp (NYSE: CNA) stock closed at $44.54 on 5/6/24 after a modest gain of 0.3%. Moreover, this advance was accompanied by unusually high trading volume at 177% of normal. The stock has risen 3.0% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
CNA is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
CNA Financial has a current Value Trend Rating of C (High Neutral). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. CNA Financial has a neutral Appreciation Score of 49 and a slightly positive Power Rating of 69, and the High Neutral Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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