Zacks Investment Research upgraded shares of Cincinnati Financial Corporation (NASDAQ:CINF) from a sell rating to a hold rating in a research report released on Friday morning.

According to Zacks, “Cincinnati Financial’s second-quarter 2017 earnings outperformed our expectations and improved year over year. Higher revenues and solid segmental performance mainly drove the upside. Cincinnati Financial’s low leverage, ample capital, consistent cash flow generation, favorable reserve release, share repurchases and consistent dividend hikes should drive growth. Management is appointing agencies and expanding product offerings to ramp up the business. However, the company’s exposure to cat losses and a continued turmoil in group benefits associated with the ACA are headwinds. The insurer has replaced its existing catastrophe bond program with a new collateralized reinsurance to mitigate the loss. Also, shares of Cincinnati Financial have underperformed the industry, year to date.”

A number of other equities analysts also recently commented on the stock. BidaskClub upgraded shares of Cincinnati Financial Corporation from a strong sell rating to a sell rating in a research note on Wednesday, August 2nd. 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. Finally, Royal Bank Of Canada restated 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 research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $78.75.

Cincinnati Financial Corporation (CINF) traded down 0.49% during mid-day trading on Friday, reaching $79.91. The company had a trading volume of 515,480 shares. Cincinnati Financial Corporation has a 12 month low of $68.11 and a 12 month high of $80.54. The stock has a market cap of $13.10 billion, a PE ratio of 22.90 and a beta of 0.89. The firm’s 50-day moving average price is $73.22 and its 200-day moving average price is $71.86.

Cincinnati Financial Corporation (NASDAQ:CINF) last announced 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. The firm had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.38 billion. Cincinnati Financial Corporation had a net margin of 10.33% and a return on equity of 6.57%. The company’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.57 EPS. Equities research analysts forecast that Cincinnati Financial Corporation will post $2.77 EPS for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Cincinnati Financial Corporation (CINF) Upgraded to “Hold” by Zacks Investment Research” was originally posted by Daily Political and is the sole property of of Daily Political. If you are reading this news story on another site, it was illegally copied and reposted in violation of United States and international copyright and trademark laws. The original version of this news story can be viewed at https://www.dailypolitical.com/2017/08/07/cincinnati-financial-corporation-cinf-upgraded-to-hold-by-zacks-investment-research.html.

Large investors have recently modified their holdings of the stock. Aviva PLC boosted its stake in shares of Cincinnati Financial Corporation by 4.2% in the second quarter. Aviva PLC now owns 92,190 shares of the insurance provider’s stock worth $6,680,000 after buying an additional 3,755 shares during the last quarter. Victory Capital Management Inc. boosted its stake in shares of Cincinnati Financial Corporation by 15.2% in the second quarter. Victory Capital Management Inc. now owns 128,967 shares of the insurance provider’s stock worth $9,344,000 after buying an additional 17,064 shares during the last quarter. Welch Group LLC boosted its stake in shares of Cincinnati Financial Corporation by 7.9% in the second quarter. Welch Group LLC now owns 232,275 shares of the insurance provider’s stock worth $16,828,000 after buying an additional 17,078 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Cincinnati Financial Corporation by 1.2% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 513,570 shares of the insurance provider’s stock worth $37,208,000 after buying an additional 5,884 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System boosted its stake in shares of Cincinnati Financial Corporation by 0.5% in the second quarter. State Board of Administration of Florida Retirement System now owns 210,755 shares of the insurance provider’s stock worth $15,269,000 after buying an additional 951 shares during the last quarter. 63.03% of the stock is currently owned by institutional investors.

Cincinnati Financial Corporation Company Profile

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.

Analyst Recommendations for Cincinnati Financial Corporation (NASDAQ:CINF)

Receive News & Ratings for Cincinnati Financial Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cincinnati Financial Corporation and related companies with MarketBeat.com's FREE daily email newsletter.