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Stock Charts AI Power Rank: 7.8
Power Rank trend -> Rising
07/08/2024 10:30:00 EST
CNA Financial Corporation (CNA)
Industry: Insurance - Property & Casualty
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, CNA has been trading in a range between $46.07 and $43.33 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
The AI powered stock chart is in a Yellow zone which means the stock is transitioning zones. We would avoid this stock currently.
Upside / Downside Potential
CNA Financial Corporation $CNA entered a Yellow zone 2 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $42, a potential down side of -6.15% from the recent price of 44.75. The stock is trading 4.42% (potential upside) below its 52 week high of $46.73 and 24.1 % (potential downside) above its 52 week low of $36.06 - based on the recent price.
Company Summary
CNA Financial Corporation provides commercial property and casualty insurance products in the United States and internationally It operates through Specialty, Commercial, International, Life & Group, and Corporate & Other segments. The company offers professional liability coverages and risk management services to various professional firms, including architects, real estate agents, and accounting and law firms; directors and officers, employment practices, fiduciary, and fidelity and cyber coverages to small and mid-size firms, public and privately held firms, and not-for-profit organizations; professional and general liability, as well as associated casualty coverages for healthcare industry; surety and fidelity bonds; and warranty and alternative risks products.
News
| Here's Why Hold Strategy is Apt for CNA Financial (CNA) Stock CNA Financial (CNA) remains poised to grow on the back of strong rate, higher income from limited partnership, improved net earned premium and sufficient liquidity. Source: Zacks Investment Research Tue, 02 Jul 2024 10:11:01 -0400 Sentiment: Positive |
| A Review Of CNA Financial's Recent Performance CNA Financial reported consistent net income of $338 million in Q1 2024, driven by higher investment income and robust underwriting performance. The specialty business maintained a steady combined ratio of 90.7%, while the commercial business experienced premium growth but a deteriorated combined ratio. Looking ahead, CNA Financial remains well-positioned to provide recurring and steady cash flows through dividend increases and special dividend payments. Source: Seeking Alpha Sun, 09 Jun 2024 22:51:12 -0400 Sentiment: Positive |
| CNA Financial Corporation Announces Executive Leadership Transition CHICAGO , June 5, 2024 /PRNewswire/ -- CNA Financial Corporation (NYSE: CNA) announced today that Executive Vice President & Global Head of Underwriting Doug Worman will become President and Chief Executive Officer of the company as of January 1, 2025. At that time, Dino E. Source: PRNewsWire Wed, 05 Jun 2024 16:10:00 -0400 Sentiment: Neutral |
| Why Is CNA Financial (CNA) Up 2% Since Last Earnings Report? CNA Financial (CNA) reported earnings 30 days ago. What's next for the stock? Source: Zacks Investment Research Wed, 05 Jun 2024 12:35:52 -0400 Sentiment: Positive |
| Here's Why Investors Should Retain CNA Financial (CNA) Stock Solid premium writing underwriting expertise, a sturdy balance sheet and capital deployment poise CNA Financial (CNA) for growth. Source: Zacks Investment Research Mon, 03 Jun 2024 15:01:11 -0400 Sentiment: Positive |
Technicals 52 Week Hi: 46.7299 52 Week Low: 36.0626 Beta: 0.665 50 Day MA: 44.61 200 Day MA: 42.9664 Earnings / Revenue Trends Qtr Earnings Growth YOY: 0.138 Qtr Revenue Growth YOY: 0.093 Forward PE: 0 Trailing PE: 9.7707