Cincinnati Financial (NASDAQ:CINF) Upgraded at BidaskClub

BidaskClub upgraded shares of Cincinnati Financial (NASDAQ:CINF) from a buy rating to a strong-buy rating in a research report released on Tuesday morning, BidAskClub reports.

A number of other equities analysts also recently weighed in on the company. Royal Bank of Canada upped their target price on Cincinnati Financial to $105.00 and gave the company a sector perform rating in a report on Thursday, August 1st. They noted that the move was a valuation call. Buckingham Research upped their target price on Cincinnati Financial from $92.00 to $100.00 and gave the company a neutral rating in a report on Thursday, September 12th. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Cincinnati Financial presently has a consensus rating of Buy and an average target price of $106.40.

NASDAQ CINF traded up $3.22 on Tuesday, hitting $117.41. 421,191 shares of the company were exchanged, compared to its average volume of 678,671. The company’s 50 day moving average price is $112.66 and its 200-day moving average price is $101.95. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.29 and a quick ratio of 0.29. The firm has a market capitalization of $19.18 billion, a P/E ratio of 35.05 and a beta of 0.63. Cincinnati Financial has a twelve month low of $71.01 and a twelve month high of $117.60.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings data on Tuesday, July 30th. The insurance provider reported $0.85 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.21. The firm had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.51 billion. Cincinnati Financial had a return on equity of 7.17% and a net margin of 18.28%. The business’s revenue for the quarter was up 22.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.81 EPS. As a group, equities analysts expect that Cincinnati Financial will post 3.75 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Wednesday, September 18th will be issued a $0.56 dividend. The ex-dividend date is Tuesday, September 17th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.91%. Cincinnati Financial’s dividend payout ratio is 66.87%.

Several institutional investors and hedge funds have recently modified their holdings of the company. Curbstone Financial Management Corp increased its holdings in shares of Cincinnati Financial by 1.6% in the 2nd quarter. Curbstone Financial Management Corp now owns 6,490 shares of the insurance provider’s stock valued at $673,000 after purchasing an additional 100 shares during the period. Advisor Partners LLC increased its holdings in shares of Cincinnati Financial by 2.5% in the 2nd quarter. Advisor Partners LLC now owns 4,392 shares of the insurance provider’s stock valued at $455,000 after purchasing an additional 108 shares during the period. KC Investment Advisors LLC increased its holdings in shares of Cincinnati Financial by 1.8% in the 1st quarter. KC Investment Advisors LLC now owns 6,140 shares of the insurance provider’s stock valued at $527,000 after purchasing an additional 111 shares during the period. Fiera Capital Corp increased its holdings in shares of Cincinnati Financial by 4.5% in the 2nd quarter. Fiera Capital Corp now owns 2,606 shares of the insurance provider’s stock valued at $270,000 after purchasing an additional 113 shares during the period. Finally, CSat Investment Advisory L.P. increased its holdings in shares of Cincinnati Financial by 42.3% in the 2nd quarter. CSat Investment Advisory L.P. now owns 380 shares of the insurance provider’s stock valued at $39,000 after purchasing an additional 113 shares during the period. Institutional investors own 64.06% of the company’s stock.

About Cincinnati Financial

Cincinnati Financial Corporation, together with its subsidiary, 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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