CNA Financial Corp (NYSE: CNA) has reported earnings for its second fiscal quarter (ending June 30) of $1.17 versus $1.04 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $4.71 compared to $2.86 a year ago.
Recent Price Action
CNA Financial Corp (NYSE: CNA) stock closed at $49.24 on 7/29/24 after an increase of 1.5%. Moreover, this advance was accompanied by above average trading volume at 147% of normal. The stock has been strong relative to the market over the last nine months and has risen 4.1% during the last week.
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). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. CNA Financial has a neutral Appreciation Score of 48 and a slightly positive Power Rating of 67, producing the High Neutral Value Trend Rating.
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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