Shares of Cincinnati Financial Co. (NASDAQ:CINF) have earned a consensus rating of “Hold” from the seven research firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $77.00.

CINF has been the topic of a number of analyst reports. BidaskClub downgraded Cincinnati Financial from a “hold” rating to a “sell” rating in a research report on Saturday, September 1st. Credit Suisse Group initiated coverage on Cincinnati Financial in a research report on Tuesday, August 7th. They set an “underperform” rating and a $70.00 price target on the stock. Sandler O’Neill reissued a “neutral” rating on shares of Cincinnati Financial in a research report on Friday, July 27th. Finally, Zacks Investment Research raised 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 Wednesday, September 12th.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in Cincinnati Financial during the second quarter worth $107,000. Advisors Asset Management Inc. lifted its stake in Cincinnati Financial by 3,953.5% during the second 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 during the last quarter. NEXT Financial Group Inc bought a new stake in Cincinnati Financial during the third quarter worth $154,000. Dupont Capital Management Corp lifted its stake in Cincinnati Financial by 68.3% during the second 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 during the last quarter. Finally, Denali Advisors LLC bought a new stake in Cincinnati Financial during the third quarter worth $200,000. Hedge funds and other institutional investors own 62.21% of the company’s stock.

Shares of NASDAQ:CINF opened at $72.33 on Wednesday. The company has a market cap of $12.49 billion, a P/E ratio of 26.17 and a beta of 0.83. Cincinnati Financial has a 1 year low of $66.33 and a 1 year high of $79.67. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.27 and a current ratio of 0.27.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings results on Thursday, July 26th. The insurance provider reported $0.81 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.27. The business had revenue of $1.56 billion for the quarter, compared to the consensus estimate of $1.43 billion. Cincinnati Financial had a return on equity of 6.36% and a net margin of 16.59%. The firm’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.64 earnings per share. On average, analysts anticipate that Cincinnati Financial will post 3.15 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Wednesday, September 19th will be paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 2.93%. The ex-dividend date of this dividend is Tuesday, September 18th. Cincinnati Financial’s payout ratio is presently 77.37%.

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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