BidaskClub cut shares of Cincinnati Financial (NASDAQ:CINF) from a sell rating to a strong sell rating in a research note released on Wednesday, January 10th.
Separately, Zacks Investment Research upgraded shares of Cincinnati Financial from a hold rating to a buy rating and set a $82.00 price target on the stock in a research report on Thursday, January 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. Cincinnati Financial has a consensus rating of Hold and an average price target of $78.50.
Cincinnati Financial (CINF) opened at $74.20 on Wednesday. The firm has a market cap of $12,170.00, a PE ratio of 24.49 and a beta of 0.93. Cincinnati Financial has a fifty-two week low of $68.24 and a fifty-two week high of $81.98. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.11.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Wednesday, December 20th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.70%. The ex-dividend date of this dividend was Tuesday, December 19th. Cincinnati Financial’s dividend payout ratio is currently 66.01%.
Several large investors have recently modified their holdings of the company. Seven Eight Capital LP bought a new stake in Cincinnati Financial in the 2nd quarter worth about $101,000. Canada Pension Plan Investment Board increased its holdings in Cincinnati Financial by 12,727.3% in the 3rd quarter. Canada Pension Plan Investment Board now owns 1,411 shares of the insurance provider’s stock worth $108,000 after buying an additional 1,400 shares in the last quarter. People s United Financial Inc. increased its holdings in Cincinnati Financial by 6.5% in the 2nd quarter. People s United Financial Inc. now owns 1,802 shares of the insurance provider’s stock worth $131,000 after buying an additional 110 shares in the last quarter. San Francisco Sentry Investment Group CA bought a new stake in Cincinnati Financial in the 2nd quarter worth about $152,000. Finally, WFG Advisors LP increased its holdings in Cincinnati Financial by 39.4% in the 2nd quarter. WFG Advisors LP now owns 2,542 shares of the insurance provider’s stock worth $184,000 after buying an additional 718 shares in the last quarter. Hedge funds and other institutional investors own 64.45% of the company’s stock.
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Cincinnati Financial Company Profile
Cincinnati Financial Corporation is an insurance holding company. It operates through five segments: Commercial lines insurance, Personal lines insurance, Excess and surplus lines insurance, and Life insurance and Investments. Its Commercial Lines Insurance Segment provides five commercial business lines: commercial casualty, commercial property, commercial auto, workers’ compensation and other commercial lines.
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