Analysts Offer Predictions for Cincinnati Financial Co.’s Q1 2018 Earnings (CINF)
Cincinnati Financial Co. (NASDAQ:CINF) – Investment analysts at Langen Mcalenn issued their Q1 2018 earnings estimates for shares of Cincinnati Financial in a research report issued on Wednesday. Langen Mcalenn analyst L. Greenberg anticipates that the insurance provider will post earnings per share of $0.87 for the quarter. Langen Mcalenn has a “Neutral” rating on the stock. Langen Mcalenn also issued estimates for Cincinnati Financial’s Q2 2018 earnings at $0.70 EPS, Q3 2018 earnings at $0.92 EPS and Q4 2018 earnings at $1.02 EPS.
Several other equities analysts have also recently issued reports on CINF. BidaskClub upgraded Cincinnati Financial from a “sell” rating to a “hold” rating in a research report on Friday, February 2nd. Royal Bank of Canada reiterated a “hold” rating on shares of Cincinnati Financial in a research report on Thursday, February 8th. Finally, Zacks Investment Research cut Cincinnati Financial from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Five equities research analysts have rated the stock with a hold rating, The stock currently has a consensus rating of “Hold” and a consensus target price of $74.67.
Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings results on Wednesday, February 7th. The insurance provider reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.07. Cincinnati Financial had a return on equity of 5.99% and a net margin of 18.23%. The company had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.42 billion. During the same period last year, the firm earned $0.75 EPS. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Wednesday, March 21st will be given a dividend of $0.53 per share. The ex-dividend date of this dividend is Tuesday, March 20th. This is a boost from Cincinnati Financial’s previous quarterly dividend of $0.50. This represents a $2.12 annualized dividend and a dividend yield of 2.87%. Cincinnati Financial’s dividend payout ratio (DPR) is 31.75%.
In other news, Director Douglas S. Skidmore purchased 650 shares of the stock in a transaction dated Friday, February 9th. The shares were bought at an average cost of $70.65 per share, for a total transaction of $45,922.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 9.25% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Canada Pension Plan Investment Board grew its holdings in shares of Cincinnati Financial by 12,727.3% in the 3rd quarter. Canada Pension Plan Investment Board now owns 1,411 shares of the insurance provider’s stock worth $108,000 after acquiring an additional 1,400 shares during the last quarter. SeaCrest Wealth Management LLC acquired a new position in shares of Cincinnati Financial in the 4th quarter worth $139,000. WFG Advisors LP grew its holdings in shares of Cincinnati Financial by 39.4% in the 2nd quarter. WFG Advisors LP now owns 2,542 shares of the insurance provider’s stock worth $184,000 after acquiring an additional 718 shares during the last quarter. Centiva Capital LP acquired a new position in shares of Cincinnati Financial in the 4th quarter worth $201,000. Finally, Csenge Advisory Group acquired a new position in shares of Cincinnati Financial in the 3rd quarter worth $206,000. Institutional investors and hedge funds own 64.48% of the company’s stock.
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Cincinnati Financial Company Profile
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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