Cincinnati Financial Corp. (CINF) Reaches New 52-Week High at $76.68
Cincinnati Financial Corp. (NASDAQ:CINF) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $76.68 and last traded at $76.22, with a volume of 267,506 shares traded. The stock had previously closed at $76.16.
CINF has been the subject of several recent analyst reports. Zacks Investment Research cut Cincinnati Financial Corp. from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 29th. MKM Partners increased their price target on Cincinnati Financial Corp. from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, June 9th. Finally, Royal Bank Of Canada increased their price target on Cincinnati Financial Corp. from $59.00 to $66.00 and gave the stock a “sector perform” rating in a research note on Thursday, April 28th.
The firm’s 50-day moving average is $70.92 and its 200 day moving average is $64.78. The stock has a market capitalization of $12.55 billion and a price-to-earnings ratio of 18.21.
Cincinnati Financial Corp. (NASDAQ:CINF) last announced its quarterly earnings data on Tuesday, April 26th. The company reported $0.89 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.19. The firm had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period in the previous year, the business posted $0.77 EPS. Cincinnati Financial Corp.’s revenue for the quarter was up 6.1% compared to the same quarter last year. Equities analysts forecast that Cincinnati Financial Corp. will post $3.20 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, July 15th. Investors of record on Wednesday, June 22nd will be given a dividend of $0.48 per share. The ex-dividend date is Monday, June 20th. This represents a $1.92 annualized dividend and a dividend yield of 2.52%.
Several institutional investors recently bought and sold shares of CINF. Suntrust Banks Inc. increased its position in Cincinnati Financial Corp. by 36.9% in the fourth quarter. Suntrust Banks Inc. now owns 17,365 shares of the company’s stock valued at $1,027,000 after buying an additional 4,680 shares during the period. Vanguard Group Inc. boosted its position in Cincinnati Financial Corp. by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 13,085,145 shares of the company’s stock worth $774,248,000 after buying an additional 235,931 shares during the last quarter. Victory Capital Management Inc. boosted its position in Cincinnati Financial Corp. by 24.7% in the fourth quarter. Victory Capital Management Inc. now owns 51,111 shares of the company’s stock worth $3,024,000 after buying an additional 10,117 shares during the last quarter. Aberdeen Asset Management PLC UK boosted its position in Cincinnati Financial Corp. by 5.0% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 44,845 shares of the company’s stock worth $2,636,000 after buying an additional 2,140 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its position 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 worth $22,496,000 after buying an additional 3,000 shares during 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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