Cincinnati Financial Corporation (NASDAQ:CINF) released its quarterly earnings data on Thursday, October 26th. The insurance provider reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05, Bloomberg Earnings reports. The firm had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.42 billion. Cincinnati Financial Corporation had a return on equity of 5.85% and a net margin of 8.93%. The firm’s quarterly revenue was up .7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.86 earnings per share.
Shares of Cincinnati Financial Corporation (NASDAQ CINF) opened at $73.40 on Friday. The firm has a market cap of $11,993.65, a PE ratio of 28.56 and a beta of 0.91. Cincinnati Financial Corporation has a 12 month low of $68.24 and a 12 month high of $81.98. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.11.
The firm also recently announced a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Friday, September 22nd were paid a dividend of $0.50 per share. The ex-dividend date was Thursday, September 21st. This represents a $2.00 annualized dividend and a dividend yield of 2.72%. Cincinnati Financial Corporation’s dividend payout ratio (DPR) is 66.23%.
A number of brokerages have issued reports on CINF. BidaskClub raised Cincinnati Financial Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Zacks Investment Research upgraded shares of Cincinnati Financial Corporation from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and set a $70.00 target price on shares of Cincinnati Financial Corporation in a research note on Friday, August 18th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $79.25.
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About Cincinnati Financial Corporation
Cincinnati Financial Corporation is an insurance holding company. It operates through five segments: Commercial lines insurance, Personal lines insurance, Excess and surplus lines insurance, and Life insurance and Investments. Its Commercial Lines Insurance Segment provides five commercial business lines: commercial casualty, commercial property, commercial auto, workers’ compensation and other commercial lines.
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