Cincinnati Financial (CINF) Issues Quarterly Earnings Results
Cincinnati Financial (NASDAQ:CINF) announced its quarterly earnings results on Wednesday. The insurance provider reported $0.93 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.07, Briefing.com reports. The company had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.42 billion. Cincinnati Financial had a return on equity of 6.16% and a net margin of 18.23%. The firm’s revenue was up 7.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.75 earnings per share.
Shares of Cincinnati Financial (NASDAQ:CINF) opened at $70.34 on Friday. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.11. Cincinnati Financial has a 12 month low of $68.24 and a 12 month high of $81.98. The stock has a market capitalization of $11,916.54, a PE ratio of 26.51 and a beta of 0.87.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Wednesday, March 21st will be paid a $0.53 dividend. The ex-dividend date is Tuesday, March 20th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.01%. This is a positive change from Cincinnati Financial’s previous quarterly dividend of $0.50. Cincinnati Financial’s dividend payout ratio (DPR) is 31.75%.
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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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