Brokerages Set Cincinnati Financial Corporation (NASDAQ:CINF) Price Target at $77.33
Cincinnati Financial Corporation (NASDAQ:CINF) has earned an average recommendation of “Hold” from the seven analysts that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $77.33.
CINF has been the topic of several recent research reports. Zacks Investment Research raised Cincinnati Financial Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 4th. Keefe, Bruyette & Woods set a $70.00 price objective on Cincinnati Financial Corporation and gave the stock a “hold” rating in a report on Wednesday, May 24th. Royal Bank Of Canada reissued a “hold” rating and set a $72.00 price objective on shares of Cincinnati Financial Corporation in a report on Monday, May 22nd. Finally, BidaskClub raised Cincinnati Financial Corporation from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th.
Several institutional investors have recently bought and sold shares of the company. Dynamic Advisors Solutions LLC increased its position in Cincinnati Financial Corporation by 0.4% in the first quarter. Dynamic Advisors Solutions LLC now owns 4,304 shares of the insurance provider’s stock valued at $311,000 after buying an additional 19 shares during the period. South State Corp increased its position in Cincinnati Financial Corporation by 0.3% in the first quarter. South State Corp now owns 6,090 shares of the insurance provider’s stock valued at $440,000 after buying an additional 20 shares during the period. Capital One National Association increased its position in Cincinnati Financial Corporation by 0.9% in the second quarter. Capital One National Association now owns 3,648 shares of the insurance provider’s stock valued at $264,000 after buying an additional 31 shares during the period. Sequoia Financial Advisors LLC increased its position in Cincinnati Financial Corporation by 0.8% in the first quarter. Sequoia Financial Advisors LLC now owns 4,487 shares of the insurance provider’s stock valued at $324,000 after buying an additional 37 shares during the period. Finally, Sigma Planning Corp increased its position in Cincinnati Financial Corporation by 1.2% in the second quarter. Sigma Planning Corp now owns 3,305 shares of the insurance provider’s stock valued at $239,000 after buying an additional 39 shares during the period. Institutional investors and hedge funds own 63.03% of the company’s stock.
Cincinnati Financial Corporation (NASDAQ:CINF) traded down 0.20% during midday trading on Friday, hitting $79.75. The company had a trading volume of 537,039 shares. Cincinnati Financial Corporation has a one year low of $68.11 and a one year high of $81.98. The company’s 50 day moving average is $73.74 and its 200-day moving average is $72.02. The company has a market cap of $13.07 billion, a P/E ratio of 22.85 and a beta of 0.89.
Cincinnati Financial Corporation (NASDAQ:CINF) last announced its quarterly earnings data on Wednesday, August 2nd. The insurance provider reported $0.64 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.18. Cincinnati Financial Corporation had a return on equity of 6.57% and a net margin of 10.33%. The company had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.38 billion. During the same quarter last year, the firm earned $0.57 EPS. Cincinnati Financial Corporation’s revenue for the quarter was up 1.1% compared to the same quarter last year. On average, equities analysts predict that Cincinnati Financial Corporation will post $2.85 EPS for the current year.
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.
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