Cincinnati Financial Corporation (CINF) Given Average Rating of “Hold” by Analysts
Cincinnati Financial Corporation (NASDAQ:CINF) has been given an average rating of “Hold” by the seven analysts that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $77.33.
A number of equities analysts recently weighed in on CINF shares. BidaskClub upgraded shares of Cincinnati Financial Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. Zacks Investment Research lowered shares of Cincinnati Financial Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 15th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $70.00 price objective on shares of Cincinnati Financial Corporation in a report on Friday, August 18th.
A number of large investors have recently bought and sold shares of CINF. Janus Henderson Group PLC grew its position in Cincinnati Financial Corporation by 4,980.7% in the 2nd quarter. Janus Henderson Group PLC now owns 1,023,094 shares of the insurance provider’s stock worth $74,123,000 after purchasing an additional 1,002,957 shares during the period. Vanguard Group Inc. grew its position in Cincinnati Financial Corporation by 2.4% in the 2nd quarter. Vanguard Group Inc. now owns 17,010,783 shares of the insurance provider’s stock worth $1,232,431,000 after purchasing an additional 392,312 shares during the period. Fairpointe Capital LLC grew its position in Cincinnati Financial Corporation by 72.3% in the 2nd quarter. Fairpointe Capital LLC now owns 811,439 shares of the insurance provider’s stock worth $58,789,000 after purchasing an additional 340,373 shares during the period. Renaissance Technologies LLC grew its position in Cincinnati Financial Corporation by 118.1% in the 2nd quarter. Renaissance Technologies LLC now owns 375,000 shares of the insurance provider’s stock worth $27,169,000 after purchasing an additional 203,055 shares during the period. Finally, Marshall Wace North America L.P. grew its position in Cincinnati Financial Corporation by 2,409.4% in the 2nd quarter. Marshall Wace North America L.P. now owns 108,431 shares of the insurance provider’s stock worth $7,807,000 after purchasing an additional 104,110 shares during the period. 62.49% of the stock is owned by institutional investors and hedge funds.
Cincinnati Financial Corporation (CINF) opened at $73.40 on Monday. Cincinnati Financial Corporation has a 1-year low of $68.24 and a 1-year high of $81.98. The firm has a market cap of $12,042.87, a P/E ratio of 28.67 and a beta of 0.91. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.29 and a quick ratio of 0.29.
Cincinnati Financial Corporation (NASDAQ:CINF) last announced its quarterly earnings data on Thursday, October 26th. The insurance provider reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. Cincinnati Financial Corporation had a net margin of 8.93% and a return on equity of 5.85%. The company had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same period in the previous year, the business earned $0.86 EPS. The firm’s revenue for the quarter was up .7% on a year-over-year basis. analysts anticipate that Cincinnati Financial Corporation will post 2.65 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Friday, September 22nd were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date was Thursday, September 21st. Cincinnati Financial Corporation’s dividend payout ratio (DPR) is presently 66.23%.
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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