Cincinnati Financial Corporation (NASDAQ:CINF) – Research analysts at Langen Mcalenn cut their Q3 2017 earnings estimates for shares of Cincinnati Financial Corporation in a note issued to investors on Wednesday. Langen Mcalenn analyst L. Greenberg now expects that the insurance provider will earn $0.76 per share for the quarter, down from their prior estimate of $0.79. Langen Mcalenn also issued estimates for Cincinnati Financial Corporation’s Q4 2017 earnings at $0.83 EPS, Q2 2018 earnings at $0.65 EPS, Q4 2018 earnings at $0.90 EPS and FY2018 earnings at $3.15 EPS.

Several other research firms have also commented on CINF. BidaskClub lowered shares of Cincinnati Financial Corporation from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 12th. Keefe, Bruyette & Woods set a $70.00 price objective on shares of Cincinnati Financial Corporation and gave the stock a “hold” rating in a research note on Wednesday, May 24th. Zacks Investment Research raised shares of Cincinnati Financial Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, July 4th. Finally, Royal Bank Of Canada reissued a “hold” rating and set a $72.00 price objective on shares of Cincinnati Financial Corporation in a research note on Monday, May 22nd. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. Cincinnati Financial Corporation has an average rating of “Hold” and an average target price of $78.75.

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Shares of Cincinnati Financial Corporation (NASDAQ:CINF) opened at 80.30 on Friday. Cincinnati Financial Corporation has a 12-month low of $68.11 and a 12-month high of $81.14. The company has a 50 day moving average of $73.22 and a 200-day moving average of $71.86. The firm has a market cap of $13.16 billion, a price-to-earnings ratio of 23.01 and a beta of 0.89.

Cincinnati Financial Corporation (NASDAQ:CINF) last posted its earnings results on Wednesday, August 2nd. The insurance provider reported $0.64 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.18. Cincinnati Financial Corporation had a net margin of 10.33% and a return on equity of 6.57%. The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter in the prior year, the business posted $0.57 EPS. The firm’s revenue was up 1.1% compared to the same quarter last year.

The company also recently announced a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Wednesday, June 21st were issued a $0.50 dividend. The ex-dividend date was Monday, June 19th. This represents a $2.00 annualized dividend and a yield of 2.49%. Cincinnati Financial Corporation’s dividend payout ratio (DPR) is presently 57.31%.

In other news, Director David P. Osborn bought 1,925 shares of the firm’s stock in a transaction on Monday, May 8th. The stock was acquired at an average cost of $70.00 per share, with a total value of $134,750.00. Following the completion of the acquisition, the director now owns 21,542 shares of the company’s stock, valued at $1,507,940. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 9.25% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Cincinnati Financial Corporation by 5.1% in the first quarter. Vanguard Group Inc. now owns 16,618,471 shares of the insurance provider’s stock valued at $1,201,018,000 after buying an additional 813,206 shares during the period. BlackRock Inc. boosted its position in shares of Cincinnati Financial Corporation by 1,893.0% in the first quarter. BlackRock Inc. now owns 13,125,725 shares of the insurance provider’s stock valued at $948,595,000 after buying an additional 12,467,118 shares during the period. State Street Corp boosted its position in shares of Cincinnati Financial Corporation by 3.4% in the first quarter. State Street Corp now owns 10,068,325 shares of the insurance provider’s stock valued at $727,642,000 after buying an additional 329,902 shares during the period. Bank of America Corp DE boosted its position in shares of Cincinnati Financial Corporation by 2.4% in the first quarter. Bank of America Corp DE now owns 6,307,619 shares of the insurance provider’s stock valued at $455,852,000 after buying an additional 149,473 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of Cincinnati Financial Corporation by 5.9% in the first quarter. JPMorgan Chase & Co. now owns 2,900,223 shares of the insurance provider’s stock valued at $209,600,000 after buying an additional 161,845 shares during the period. 63.07% of the stock is owned by institutional investors and hedge funds.

About Cincinnati Financial Corporation

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.

Earnings History and Estimates for Cincinnati Financial Corporation (NASDAQ:CINF)

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