Cincinnati Financial Co. (CINF) Receives Average Rating of “Hold” from Brokerages
Cincinnati Financial Co. (NASDAQ:CINF) has been given an average rating of “Hold” by the six ratings firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $77.33.
A number of brokerages recently commented on CINF. Langen Mcalenn reaffirmed a “neutral” rating on shares of Cincinnati Financial in a research report on Tuesday. Zacks Investment Research cut shares of Cincinnati Financial from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, BidaskClub cut shares of Cincinnati Financial from a “sell” rating to a “strong sell” rating in a research note on Wednesday, January 10th.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Seven Eight Capital LP acquired a new stake in shares of Cincinnati Financial in the second quarter worth $101,000. Canada Pension Plan Investment Board lifted its stake in shares of Cincinnati Financial by 12,727.3% in the third quarter. Canada Pension Plan Investment Board now owns 1,411 shares of the insurance provider’s stock worth $108,000 after buying an additional 1,400 shares during the last quarter. People s United Financial Inc. lifted its stake in shares of Cincinnati Financial by 6.5% in the second quarter. People s United Financial Inc. now owns 1,802 shares of the insurance provider’s stock worth $131,000 after buying an additional 110 shares during the last quarter. San Francisco Sentry Investment Group CA acquired a new stake in shares of Cincinnati Financial in the second quarter worth $152,000. Finally, WFG Advisors LP lifted its stake in shares of Cincinnati Financial by 39.4% in the second quarter. WFG Advisors LP now owns 2,542 shares of the insurance provider’s stock worth $184,000 after buying an additional 718 shares during the last quarter. Hedge funds and other institutional investors own 64.45% of the company’s stock.
Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings data on Thursday, October 26th. The insurance provider reported $0.58 EPS for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.05. Cincinnati Financial had a net margin of 8.93% and a return on equity of 5.85%. The firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same period in the previous year, the firm posted $0.86 earnings per share. The firm’s revenue was up .7% on a year-over-year basis. equities analysts anticipate that Cincinnati Financial will post 2.65 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Wednesday, December 20th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date was Tuesday, December 19th. Cincinnati Financial’s dividend payout ratio (DPR) is presently 66.23%.
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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.
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