Shares of Cincinnati Financial Co. (NASDAQ:CINF) have received an average recommendation of “Hold” from the seven analysts that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $77.00.
Several analysts recently issued reports on the company. Zacks Investment Research upgraded Cincinnati Financial from a “hold” rating to a “strong-buy” rating and set a $84.00 target price on the stock in a report on Friday. BidaskClub upgraded Cincinnati Financial from a “hold” rating to a “buy” rating in a report on Tuesday. ValuEngine upgraded Cincinnati Financial from a “hold” rating to a “buy” rating in a report on Tuesday. Credit Suisse Group assumed coverage on Cincinnati Financial in a report on Tuesday, August 7th. They set an “underperform” rating and a $70.00 target price on the stock. Finally, Sandler O’Neill reiterated a “neutral” rating on shares of Cincinnati Financial in a report on Friday, July 27th.
CINF opened at $72.33 on Wednesday. Cincinnati Financial has a 52-week low of $66.33 and a 52-week high of $79.67. The stock has a market cap of $12.49 billion, a P/E ratio of 26.17 and a beta of 0.83. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.27 and a current ratio of 0.27.
Cincinnati Financial (NASDAQ:CINF) last released its earnings results on Thursday, July 26th. The insurance provider reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.27. Cincinnati Financial had a return on equity of 6.36% and a net margin of 16.59%. The business had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the prior year, the company posted $0.64 earnings per share. Cincinnati Financial’s revenue was up 12.4% on a year-over-year basis. Equities research analysts predict that Cincinnati Financial will post 3.15 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Wednesday, September 19th will be given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date of this dividend is Tuesday, September 18th. Cincinnati Financial’s dividend payout ratio (DPR) is presently 77.37%.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in Cincinnati Financial during the second quarter worth approximately $107,000. Advisors Asset Management Inc. increased its position in Cincinnati Financial by 3,953.5% during the second quarter. Advisors Asset Management Inc. now owns 132,143 shares of the insurance provider’s stock worth $133,000 after buying an additional 128,883 shares during the last quarter. NEXT Financial Group Inc acquired a new position in Cincinnati Financial during the third quarter worth approximately $154,000. Dupont Capital Management Corp increased its position in Cincinnati Financial by 68.3% during the second quarter. Dupont Capital Management Corp now owns 2,498 shares of the insurance provider’s stock worth $167,000 after buying an additional 1,014 shares during the last quarter. Finally, Denali Advisors LLC acquired a new position in Cincinnati Financial during the third quarter worth approximately $200,000. 62.21% of the stock is currently owned by hedge funds and other institutional investors.
Cincinnati Financial Company Profile
Cincinnati Financial Corporation provides property casualty insurance products in the United States. The company operates in five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment provides coverage for commercial casualty, commercial property, commercial auto, and workers' compensation.
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