Cincinnati Financial (CINF) Raised to Sell at BidaskClub

BidaskClub upgraded shares of Cincinnati Financial (NASDAQ:CINF) from a strong sell rating to a sell rating in a research note published on Saturday morning.

Separately, Zacks Investment Research upgraded shares of Cincinnati Financial from a hold rating to a buy rating and set a $86.00 price target on the stock in a research report on Tuesday, September 12th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $79.25.

Cincinnati Financial (CINF) opened at $74.97 on Friday. Cincinnati Financial has a 52-week low of $68.24 and a 52-week high of $81.98. The stock has a market cap of $12,320.00, a PE ratio of 24.74 and a beta of 0.93. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.29 and a quick ratio of 0.29.

Cincinnati Financial (NASDAQ:CINF) last released its quarterly earnings data on Thursday, October 26th. The insurance provider reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $1.42 billion. During the same quarter in the previous year, the company earned $0.86 earnings per share. The company’s revenue for the quarter was up .7% compared to the same quarter last year. equities research analysts expect that Cincinnati Financial will post 2.65 EPS for the current fiscal year.

The business also recently declared a special dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were given a dividend of $0.50 per share. The ex-dividend date was Thursday, November 30th. This represents a dividend yield of 2.72%. This is a boost from Cincinnati Financial’s previous special dividend of $0.46. Cincinnati Financial’s payout ratio is currently 66.01%.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Seven Eight Capital LP purchased a new position in shares of Cincinnati Financial during the second quarter valued at about $101,000. Canada Pension Plan Investment Board increased its position in shares of Cincinnati Financial by 12,727.3% during the third quarter. Canada Pension Plan Investment Board now owns 1,411 shares of the insurance provider’s stock valued at $108,000 after buying an additional 1,400 shares during the period. People s United Financial Inc. increased its position in shares of Cincinnati Financial by 6.5% during the second quarter. People s United Financial Inc. now owns 1,802 shares of the insurance provider’s stock valued at $131,000 after buying an additional 110 shares during the period. San Francisco Sentry Investment Group CA purchased a new position in shares of Cincinnati Financial during the second quarter valued at about $152,000. Finally, WFG Advisors LP increased its position in shares of Cincinnati Financial by 39.4% during the second quarter. WFG Advisors LP now owns 2,542 shares of the insurance provider’s stock valued at $184,000 after buying an additional 718 shares during the period. Institutional investors own 64.44% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Cincinnati Financial (CINF) Raised to Sell at BidaskClub” was first reported by Chaffey Breeze and is owned by of Chaffey Breeze. If you are reading this report on another publication, it was stolen and reposted in violation of US and international copyright & trademark laws. The original version of this report can be viewed at https://www.chaffeybreeze.com/2018/01/02/cincinnati-financial-cinf-raised-to-sell-at-bidaskclub.html.

Cincinnati Financial 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.

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.

Latest News

Leave a Reply