Cincinnati Financial (CINF) Announces Quarterly Results
Cincinnati Financial (NASDAQ:CINF) posted its quarterly earnings results on Thursday. The company reported $0.46 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.55 by $0.09, American Banking News.com reports. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the prior year, the company posted $0.78 earnings per share. The company’s quarterly revenue was up 7.8% on a year-over-year basis.
Several analysts have recently commented on the stock. Analysts at Guggenheim initiated coverage on shares of Cincinnati Financial in a research note on Thursday, March 27th. They set a “neutral” rating on the stock. On the ratings front, analysts at Deutsche Bank reiterated a “hold” rating on shares of Cincinnati Financial in a research note on Tuesday, February 18th. They now have a $45.00 price target on the stock. Finally, analysts at Zacks downgraded shares of Cincinnati Financial from an “outperform” rating to a “neutral” rating in a research note on Tuesday, February 11th. They now have a $48.00 price target on the stock. Five research analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and a consensus price target of $48.60.
Shares of Cincinnati Financial (NASDAQ:CINF) traded up 0.71% on Thursday, hitting $49.71. The stock had a trading volume of 701,319 shares. Cincinnati Financial has a one year low of $43.62 and a one year high of $53.74. The stock’s 50-day moving average is $47.87 and its 200-day moving average is $49.32. The company has a market cap of $8.128 billion and a P/E ratio of 15.82.
Cincinnati Financial Corporation is engaged in property casualty insurance marketed through independent insurance agents in 39 states.
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