Cincinnati Financial (NASDAQ:CINF) Cut to Strong Sell at BidaskClub

BidaskClub cut shares of Cincinnati Financial (NASDAQ:CINF) from a sell rating to a strong sell rating in a research note released on Wednesday, January 10th.

Separately, Zacks Investment Research lowered shares of Cincinnati Financial from a buy rating to a hold rating in a research report on Friday, September 22nd. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Cincinnati Financial presently has a consensus rating of Hold and an average price target of $78.50.

Cincinnati Financial (CINF) traded down $2.75 during mid-day trading on Wednesday, reaching $70.64. 311,741 shares of the company’s stock were exchanged, compared to its average volume of 551,647. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.11. Cincinnati Financial has a 12 month low of $68.24 and a 12 month high of $81.98. The firm has a market capitalization of $12,531.80, a PE ratio of 29.84 and a beta of 0.87.

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Wednesday, March 21st will be given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date is Tuesday, March 20th. This is an increase from Cincinnati Financial’s previous quarterly dividend of $0.50. Cincinnati Financial’s dividend payout ratio is 66.23%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its holdings in Cincinnati Financial by 2.4% during the 2nd quarter. Vanguard Group Inc. now owns 17,010,783 shares of the insurance provider’s stock valued at $1,232,431,000 after acquiring an additional 392,312 shares during the period. State Street Corp raised its stake in Cincinnati Financial by 0.6% in the 2nd quarter. State Street Corp now owns 10,126,768 shares of the insurance provider’s stock valued at $733,677,000 after purchasing an additional 58,443 shares during the last quarter. Truepoint Inc. raised its stake in Cincinnati Financial by 7,395.5% in the 3rd quarter. Truepoint Inc. now owns 1,954,901 shares of the insurance provider’s stock valued at $1,955,000 after purchasing an additional 1,928,820 shares during the last quarter. Royal Bank of Canada raised its stake in Cincinnati Financial by 3.3% in the 2nd quarter. Royal Bank of Canada now owns 1,879,885 shares of the insurance provider’s stock valued at $136,198,000 after purchasing an additional 60,921 shares during the last quarter. Finally, Janus Henderson Group PLC raised its stake in Cincinnati Financial by 4,980.7% in the 2nd quarter. Janus Henderson Group PLC now owns 1,023,094 shares of the insurance provider’s stock valued at $74,123,000 after purchasing an additional 1,002,957 shares during the last quarter. Hedge funds and other institutional investors own 64.64% of the company’s stock.

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About Cincinnati Financial

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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