Shares of CNA Financial rose to $46.8 during today's afternoon trading session. Despite the 8.0% change, the large-cap Property & Casualty Insurance company still trades 10.12% above its average analyst target price of $42.5. So there may be further downside for the Property & Casualty Insurance stock. CNA Financial has target prices ranging from $39.0 to $46.0 per share, and its average rating is hold.
The stock has a very low short interest at 1.3%, and a short ratio of 1.51. The company's insiders own 0.27% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 98.9% of CNA Financial's shares being owned by this investor type.
Institutions Invested in CNA Financial
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-09-30 | Loews Corporation | 92% | 248,414,738 | $11,625,809,548 |
| 2023-09-30 | JP Morgan Chase & Company | 1% | 1,381,187 | $64,639,550 |
| 2023-09-30 | Blackrock Inc. | 0% | 1,368,022 | $64,023,428 |
| 2023-09-30 | Lsv Asset Management | 0% | 1,154,589 | $54,034,764 |
| 2023-12-31 | River Road Asset Management, LLC | 0% | 1,046,427 | $48,972,782 |
| 2023-09-30 | Smith (Donald) & Company Inc. | 0% | 979,019 | $45,818,088 |
| 2023-12-31 | Private Management Group, Inc. | 0% | 871,390 | $40,781,051 |
| 2023-09-30 | Dimensional Fund Advisors LP | 0% | 753,045 | $35,242,505 |
| 2023-12-31 | Bank Of New York Mellon Corporation | 0% | 760,507 | $35,591,727 |
| 2023-09-30 | Vanguard Group Inc | 0% | 677,110 | $31,688,747 |
Besides an analyst belief that shares are overpriced, other market factors point to there being mixed market sentiment on CNA Financial.
