CNA Stock Summary and Trading Ideas (Cna Financial | NYSE:CNA)

CNA Financial Corporation (CNAF) is an insurance holding company that provides commercial property and casualty insurance. The company operates under five segments: Specialty, Commercial and International being its core business and two segments for its non-core businesses, which are Life and Group and Corporate and Other. CNAF, through its segments, provides professional, financial, specialty property and casualty products to small businesses and medium scale organizations. It has its business spread across Continental Europe, United Kingdom, and Canada. The majority of the revenues are generated from the Specialty and Commercial segment of the business.

Cna Financial trades on the NYSE stock market under the symbol CNA.

As of April 19, 2024, CNA stock price climbed to $44.44 with 188,258 million shares trading.

CNA has a beta of -0.01, meaning it tends to be less sensitive to market movements. CNA has a correlation of 0.00 to the broad based SPY ETF.

CNA has a market cap of $12.04 billion. This is considered a Large Cap stock.

Last quarter Cna Financial reported $4 billion in Revenue and $1.33 earnings per share. This beat revenue expectation by $557 million and exceeded earnings estimates by $.23.

In the last 3 years, CNA stock traded as high as $50.33 and as low as $35.90.

The top ETF exchange traded funds that CNA belongs to (by Net Assets): DON, VXF, RODM, FNDA, VYM.

CNA stock has underperformed the market in the last year with a return of +20.9%, while SPY returned +21.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in CNA shares. However, CNA has outperformed the market in the last 3 month and 2 week periods, returning +9.0% and +1.8%, while SPY returned +4.3% and -3.5%, respectively. This indicates CNA has been having a stronger performance recently.

CNA support price is $42.87 and resistance is $43.81 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CNA stock will trade within this expected range on the day.