Cincinnati Financial Corp. (CINF) Reaches New 1-Year High at $77.89
Cincinnati Financial Corp. (NASDAQ:CINF) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $77.89 and last traded at $77.85, with a volume of 366,700 shares changing hands. The stock had previously closed at $77.26.
A number of equities research analysts recently issued reports on the company. MKM Partners boosted their price objective on Cincinnati Financial Corp. from $80.00 to $90.00 and gave the company a “buy” rating in a research note on Friday, July 15th. Zacks Investment Research cut Cincinnati Financial Corp. from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 29th.
The stock’s 50 day moving average price is $75.71 and its 200 day moving average price is $69.50. The stock has a market cap of $12.81 billion and a price-to-earnings ratio of 20.17.
Cincinnati Financial Corp. (NASDAQ:CINF) last released its quarterly earnings results on Tuesday, July 26th. The company reported $0.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.14. The company earned $1.37 billion during the quarter, compared to the consensus estimate of $1.32 billion. The company’s revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.83 earnings per share. On average, equities analysts anticipate that Cincinnati Financial Corp. will post $3.19 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Wednesday, September 21st will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 2.47%. The ex-dividend date is Monday, September 19th.
A hedge fund recently raised its stake in Cincinnati Financial Corp. stock. BNP Paribas Arbitrage SA raised its stake in shares of Cincinnati Financial Corp. (NASDAQ:CINF) by 30.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,089 shares of the company’s stock after buying an additional 14,756 shares during the period. BNP Paribas Arbitrage SA’s holdings in Cincinnati Financial Corp. were worth $3,733,000 at the end of the most recent 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 over 40 states. It operates through five segments: Commercial lines insurance, Personal lines insurance, Excess and surplus lines insurance, Life insurance and Investments.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.