Cincinnati Financial Corp. (NASDAQ:CINF) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $75.23 and last traded at $75.11, with a volume of 294,973 shares changing hands. The stock had previously closed at $74.80.

A number of equities research analysts have issued reports on the stock. Zacks Investment Research lowered shares of Cincinnati Financial Corp. from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 29th. MKM Partners lifted their price objective on shares of Cincinnati Financial Corp. from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, June 9th. Finally, Royal Bank Of Canada lifted their price objective on shares of Cincinnati Financial Corp. from $59.00 to $66.00 and gave the company a “sector perform” rating in a research note on Thursday, April 28th.

The firm has a market capitalization of $12.34 billion and a price-to-earnings ratio of 17.90. The firm has a 50 day moving average price of $70.23 and a 200-day moving average price of $64.38.

Cincinnati Financial Corp. (NASDAQ:CINF) last released its quarterly earnings data on Tuesday, April 26th. The company reported $0.89 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.19. The business had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.23 billion. Cincinnati Financial Corp.’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period last year, the company earned $0.77 earnings per share. On average, analysts predict that Cincinnati Financial Corp. will post $3.20 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 15th. Shareholders of record on Wednesday, June 22nd will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 2.56%. The ex-dividend date of this dividend is Monday, June 20th.

A number of large investors have added to or reduced their stakes in the stock. New York State Common Retirement Fund increased its stake in Cincinnati Financial Corp. by 0.8% in the fourth quarter. New York State Common Retirement Fund now owns 380,200 shares of the company’s stock valued at $22,496,000 after buying an additional 3,000 shares during the period. ProShare Advisors LLC boosted its stake in shares of Cincinnati Financial Corp. by 12.4% in the fourth quarter. ProShare Advisors LLC now owns 392,757 shares of the company’s stock valued at $23,239,000 after buying an additional 43,312 shares in the last quarter. Bollard Group LLC boosted its stake in shares of Cincinnati Financial Corp. by 1.6% in the fourth quarter. Bollard Group LLC now owns 29,549 shares of the company’s stock valued at $1,748,000 after buying an additional 460 shares in the last quarter. Princeton Alpha Management LP boosted its stake in shares of Cincinnati Financial Corp. by 54.7% in the fourth quarter. Princeton Alpha Management LP now owns 25,374 shares of the company’s stock valued at $1,501,000 after buying an additional 8,976 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its stake in shares of Cincinnati Financial Corp. by 95.0% in the fourth quarter. Daiwa Securities Group Inc. now owns 27,915 shares of the company’s stock valued at $1,652,000 after buying an additional 13,600 shares in the last quarter.

Cincinnati Financial Corporation is an insurance holding company. The Company is engaged in the business of property casualty insurance marketed through independent insurance agencies in 39 states. The Company operates through five segments: Commercial lines, Personal lines, Excess and surplus lines, Life insurance and Investments.

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