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.
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.
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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.
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