Cincinnati Financial Corp. (NASDAQ:CINF) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $76.68 and last traded at $76.22, with a volume of 267,506 shares trading hands. The stock had previously closed at $76.16.

A number of equities research analysts recently issued reports on the company. Royal Bank Of Canada upped their target price on 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. Zacks Investment Research lowered Cincinnati Financial Corp. from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 29th. Finally, MKM Partners upped their target price on Cincinnati Financial Corp. from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, June 9th.

The firm’s 50-day moving average is $71.38 and its 200 day moving average is $64.95. The firm has a market capitalization of $12.53 billion and a P/E ratio of 18.19.

Cincinnati Financial Corp. (NASDAQ:CINF) last released its quarterly earnings results on Tuesday, April 26th. The company reported $0.89 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.19. The business had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.23 billion. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.77 EPS. Analysts anticipate that Cincinnati Financial Corp. will post $3.20 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 15th. Stockholders of record on Wednesday, June 22nd will be issued a dividend of $0.48 per share. The ex-dividend date is Monday, June 20th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.52%.

Several hedge funds and institutional investors have added to or reduced their stakes in the stock. 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 worth $1,027,000 after buying an additional 4,680 shares in the last quarter. Twin Capital Management Inc. increased its position in Cincinnati Financial Corp. by 2.5% in the fourth quarter. Twin Capital Management Inc. now owns 20,680 shares of the company’s stock worth $1,224,000 after buying an additional 500 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its position in Cincinnati Financial Corp. by 5.0% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 24,614 shares of the company’s stock worth $1,456,000 after buying an additional 1,166 shares in the last quarter. Strs Ohio increased its position in Cincinnati Financial Corp. by 20.9% in the fourth quarter. Strs Ohio now owns 28,608 shares of the company’s stock worth $1,692,000 after buying an additional 4,944 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased its position in Cincinnati Financial Corp. by 38.4% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 31,611 shares of the company’s stock worth $1,870,000 after buying an additional 8,774 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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