Cincinnati Financial (CINF) Stock Rating Lowered by BidaskClub

BidaskClub cut shares of Cincinnati Financial (NASDAQ:CINF) from a buy rating to a hold rating in a research note issued to investors on Thursday morning.

Several other research firms have also weighed in on CINF. Langen Mcalenn reaffirmed a neutral rating on shares of Cincinnati Financial in a report on Tuesday, January 16th. Zacks Investment Research lowered shares of Cincinnati Financial from a buy rating to a hold rating in a report on Monday, January 8th. Finally, Royal Bank of Canada reaffirmed a hold rating on shares of Cincinnati Financial in a report on Thursday, February 8th. One analyst has rated the stock with a sell rating and four have given a hold rating to the company. Cincinnati Financial has a consensus rating of Hold and an average target price of $74.67.

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NASDAQ:CINF opened at $73.53 on Thursday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.10. The company has a market cap of $12,139.36, a PE ratio of 26.84 and a beta of 0.84. Cincinnati Financial has a 1-year low of $68.49 and a 1-year high of $81.98.

Cincinnati Financial (NASDAQ:CINF) last posted its earnings results on Wednesday, February 7th. The insurance provider reported $0.93 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.07. The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.42 billion. Cincinnati Financial had a net margin of 18.23% and a return on equity of 5.99%. The business’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.75 EPS. analysts expect that Cincinnati Financial will post 3.28 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Wednesday, March 21st will be issued a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 2.88%. This is a positive change from Cincinnati Financial’s previous quarterly dividend of $0.50. The ex-dividend date is Tuesday, March 20th. Cincinnati Financial’s payout ratio is 77.37%.

In other news, Director Douglas S. Skidmore bought 650 shares of the business’s stock in a transaction dated Friday, February 9th. The stock was purchased at an average cost of $70.65 per share, with a total value of $45,922.50. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 9.25% of the stock is owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Cambridge Investment Research Advisors Inc. grew its stake in Cincinnati Financial by 5.7% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 32,355 shares of the insurance provider’s stock valued at $2,426,000 after acquiring an additional 1,739 shares during the period. Envestnet Asset Management Inc. grew its stake in Cincinnati Financial by 2,638.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 51,052 shares of the insurance provider’s stock valued at $3,828,000 after acquiring an additional 49,188 shares during the period. WealthPLAN Partners LLC grew its stake in Cincinnati Financial by 23.2% in the 4th quarter. WealthPLAN Partners LLC now owns 23,258 shares of the insurance provider’s stock valued at $1,744,000 after acquiring an additional 4,375 shares during the period. Fairpointe Capital LLC grew its stake in Cincinnati Financial by 4.2% in the 4th quarter. Fairpointe Capital LLC now owns 836,100 shares of the insurance provider’s stock valued at $62,682,000 after acquiring an additional 33,599 shares during the period. Finally, MetLife Investment Advisors LLC acquired a new stake in Cincinnati Financial in the 4th quarter valued at $3,463,000. 63.31% of the stock is currently owned by hedge funds and other institutional investors.

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About Cincinnati Financial

Cincinnati Financial Corporation provides property casualty insurance products in the United States. The company operates in five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment provides coverage for commercial casualty, commercial property, commercial auto, and workers' compensation.

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