Cincinnati Financial (NASDAQ:CINF) was upgraded by equities researchers at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued on Saturday.

Separately, Zacks Investment Research cut shares of Cincinnati Financial from a “buy” rating to a “hold” rating in a research note on Friday, September 22nd. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. Cincinnati Financial currently has an average rating of “Hold” and a consensus price target of $79.25.

Cincinnati Financial (CINF) opened at $74.97 on Friday. The company has a market cap of $12,300.46, a PE ratio of 24.82 and a beta of 0.93. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.29 and a current ratio of 0.29. Cincinnati Financial has a 52 week low of $68.24 and a 52 week high of $81.98.

Cincinnati Financial (NASDAQ:CINF) last released its earnings results on Thursday, October 26th. The insurance provider reported $0.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.05. The firm had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.42 billion. Cincinnati Financial had a net margin of 8.93% and a return on equity of 5.85%. Cincinnati Financial’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter last year, the company earned $0.86 EPS. equities research analysts forecast that Cincinnati Financial will post 2.65 earnings per share for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. grew its stake in shares of Cincinnati Financial by 2.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,962,990 shares of the insurance provider’s stock worth $214,669,000 after purchasing an additional 62,767 shares during the last quarter. Prudential Financial Inc. grew its stake in shares of Cincinnati Financial by 1.2% in the 2nd quarter. Prudential Financial Inc. now owns 226,607 shares of the insurance provider’s stock worth $16,418,000 after purchasing an additional 2,620 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Cincinnati Financial by 1.2% in the 2nd quarter. Principal Financial Group Inc. now owns 229,708 shares of the insurance provider’s stock worth $16,643,000 after purchasing an additional 2,762 shares during the last quarter. Toronto Dominion Bank grew its stake in shares of Cincinnati Financial by 11.9% in the 3rd quarter. Toronto Dominion Bank now owns 56,911 shares of the insurance provider’s stock worth $4,358,000 after purchasing an additional 6,060 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its stake in shares of Cincinnati Financial by 7.3% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 28,885 shares of the insurance provider’s stock worth $2,093,000 after purchasing an additional 1,966 shares during the last quarter. 64.44% of the stock is currently owned by institutional investors.

ILLEGAL ACTIVITY WARNING: “Cincinnati Financial (CINF) Stock Rating Upgraded by BidaskClub” was originally reported by Daily Political and is the sole property of of Daily Political. If you are accessing this article on another site, it was illegally stolen and republished in violation of United States and international copyright & trademark law. The legal version of this article can be read at https://www.dailypolitical.com/2018/01/01/cincinnati-financial-cinf-stock-rating-upgraded-by-bidaskclub.html.

About Cincinnati Financial

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.

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