Cincinnati Financial (CINF) Issues Quarterly Earnings Results

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Cincinnati Financial (NASDAQ:CINF) announced its earnings results on Thursday, October 25th. The insurance provider reported $0.84 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.75 by $0.09, Fidelity Earnings reports. Cincinnati Financial had a return on equity of 6.70% and a net margin of 22.61%. The business had revenue of $1.46 billion during the quarter, compared to analyst estimates of $1.49 billion.

NASDAQ:CINF traded up $0.80 during trading hours on Friday, reaching $80.25. The company’s stock had a trading volume of 2,323,327 shares, compared to its average volume of 779,095. The company has a market capitalization of $13.06 billion, a price-to-earnings ratio of 24.32 and a beta of 0.69. Cincinnati Financial has a 12 month low of $66.33 and a 12 month high of $81.96. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.10.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Wednesday, December 19th will be paid a $0.53 dividend. This represents a $2.12 dividend on an annualized basis and a yield of 2.64%. Cincinnati Financial’s dividend payout ratio (DPR) is 77.37%.

Several analysts have recently weighed in on CINF shares. BidaskClub raised shares of Cincinnati Financial from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Zacks Investment Research raised shares of Cincinnati Financial from a “hold” rating to a “strong-buy” rating and set a $84.00 price target for the company in a research note on Friday, October 12th. ValuEngine raised shares of Cincinnati Financial from a “hold” rating to a “buy” rating in a research note on Tuesday, October 9th. Credit Suisse Group assumed coverage on shares of Cincinnati Financial in a research note on Tuesday, August 7th. They set an “underperform” rating and a $70.00 price target for the company. Finally, Sandler O’Neill reissued a “neutral” rating on shares of Cincinnati Financial in a research note on Friday, July 27th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $77.00.

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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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Earnings History for Cincinnati Financial (NASDAQ:CINF)

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