Cincinnati Financial (CINF) Raised to Buy at BidaskClub

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

Several other analysts have also weighed in on CINF. Zacks Investment Research raised Cincinnati Financial from a hold rating to a buy rating and set a $86.00 price objective on the stock in a report on Wednesday, September 12th. Credit Suisse Group began coverage on Cincinnati Financial in a report on Tuesday, August 7th. They set an underperform rating and a $70.00 price objective on the stock. Finally, Sandler O’Neill reissued a neutral rating on shares of Cincinnati Financial in a report on Friday, July 27th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $78.00.

CINF opened at $77.23 on Friday. The company has a market capitalization of $12.85 billion, a price-to-earnings ratio of 28.28 and a beta of 0.84. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.11. Cincinnati Financial has a 12-month low of $66.33 and a 12-month high of $79.67.

Cincinnati Financial (NASDAQ:CINF) last released its earnings results on Thursday, July 26th. The insurance provider reported $0.81 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.27. The firm had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.43 billion. Cincinnati Financial had a return on equity of 6.36% and a net margin of 16.59%. The company’s revenue was up 12.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.64 EPS. research analysts expect that Cincinnati Financial will post 3.15 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Stockholders of record on Wednesday, September 19th will be issued a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 2.75%. The ex-dividend date of this dividend is Tuesday, September 18th. Cincinnati Financial’s payout ratio is presently 77.37%.

Large investors have recently made changes to their positions in the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new stake in shares of Cincinnati Financial during the 2nd quarter worth approximately $107,000. Advisors Asset Management Inc. grew its holdings in shares of Cincinnati Financial by 3,953.5% during the 2nd quarter. Advisors Asset Management Inc. now owns 132,143 shares of the insurance provider’s stock worth $133,000 after purchasing an additional 128,883 shares in the last quarter. Dupont Capital Management Corp grew its holdings in shares of Cincinnati Financial by 68.3% during the 2nd quarter. Dupont Capital Management Corp now owns 2,498 shares of the insurance provider’s stock worth $167,000 after purchasing an additional 1,014 shares in the last quarter. Fiera Capital Corp acquired a new stake in shares of Cincinnati Financial during the 1st quarter worth approximately $200,000. Finally, Piedmont Investment Advisors LLC acquired a new stake in shares of Cincinnati Financial during the 2nd quarter worth approximately $214,000. 62.16% of the stock is currently owned by institutional investors.

Cincinnati Financial Company Profile

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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