Cincinnati Financial (NASDAQ:CINF) Downgraded to “Strong Sell” at BidaskClub

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.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings results on Thursday, October 26th. The insurance provider reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.05. The firm had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.42 billion. Cincinnati Financial had a net margin of 8.93% and a return on equity of 5.85%. The company’s revenue for the quarter was up .7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.86 earnings per share. analysts predict that Cincinnati Financial will post 2.65 earnings per share for the current fiscal year.

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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