Q1 2017 EPS Estimates for Cincinnati Financial Co. (CINF) Lowered by Langen Mcalenn
Cincinnati Financial Co. (NASDAQ:CINF) – Investment analysts at Langen Mcalenn reduced their Q1 2017 EPS estimates for shares of Cincinnati Financial in a research report issued to clients and investors on Monday. Langen Mcalenn analyst L. Greenberg now anticipates that the insurance provider will post earnings of $0.55 per share for the quarter, down from their prior forecast of $0.72. Langen Mcalenn currently has a “Neutral” rating on the stock. Langen Mcalenn also issued estimates for Cincinnati Financial’s Q2 2017 earnings at $0.59 EPS and FY2017 earnings at $2.75 EPS.
Cincinnati Financial (NASDAQ:CINF) last released its earnings results on Wednesday, February 8th. The insurance provider reported $0.75 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.09. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.36 billion. Cincinnati Financial had a return on equity of 7.33% and a net margin of 10.85%. The company’s revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.10 EPS. ILLEGAL ACTIVITY NOTICE: “Q1 2017 EPS Estimates for Cincinnati Financial Co. (CINF) Lowered by Langen Mcalenn” was reported by American Banking News and is the property of of American Banking News. If you are accessing this news story on another website, it was illegally stolen and republished in violation of US & international trademark & copyright laws. The legal version of this news story can be accessed at https://www.americanbankingnews.com/2017/04/20/q1-2017-eps-estimates-for-cincinnati-financial-co-cinf-lowered-by-langen-mcalenn.html.
Several other research firms have also recently weighed in on CINF. Janney Montgomery Scott initiated coverage on Cincinnati Financial in a research note on Thursday, December 22nd. They set a “neutral” rating for the company. MKM Partners restated a “buy” rating and set a $90.00 target price on shares of Cincinnati Financial in a research note on Friday, February 10th. Keefe, Bruyette & Woods set a $70.00 target price on Cincinnati Financial and gave the stock a “hold” rating in a research note on Wednesday, March 22nd. Finally, Zacks Investment Research cut Cincinnati Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, February 21st. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Cincinnati Financial has an average rating of “Hold” and a consensus price target of $77.25.
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Shares of Cincinnati Financial (NASDAQ:CINF) opened at 70.04 on Thursday. Cincinnati Financial has a 12 month low of $63.87 and a 12 month high of $79.60. The company has a market cap of $11.54 billion, a P/E ratio of 19.73 and a beta of 0.81. The firm has a 50 day moving average price of $72.54 and a 200-day moving average price of $73.23.
The business also recently disclosed a quarterly dividend, which was paid on Friday, April 14th. Investors of record on Wednesday, March 22nd were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.86%. This is an increase from Cincinnati Financial’s previous quarterly dividend of $0.48. The ex-dividend date was Monday, March 20th. Cincinnati Financial’s dividend payout ratio is presently 54.08%.
A number of hedge funds have recently bought and sold shares of the stock. Emerald Acquisition Ltd. increased its stake in shares of Cincinnati Financial by 8.9% in the third quarter. Emerald Acquisition Ltd. now owns 170,003 shares of the insurance provider’s stock worth $12,821,000 after buying an additional 13,853 shares during the last quarter. Northern Trust Corp increased its stake in shares of Cincinnati Financial by 6.9% in the third quarter. Northern Trust Corp now owns 2,418,415 shares of the insurance provider’s stock worth $182,397,000 after buying an additional 156,324 shares during the last quarter. Commonwealth Equity Services Inc increased its stake in shares of Cincinnati Financial by 10.1% in the third quarter. Commonwealth Equity Services Inc now owns 18,894 shares of the insurance provider’s stock worth $1,425,000 after buying an additional 1,740 shares during the last quarter. California State Teachers Retirement System increased its stake in shares of Cincinnati Financial by 0.8% in the third quarter. California State Teachers Retirement System now owns 329,226 shares of the insurance provider’s stock worth $24,830,000 after buying an additional 2,700 shares during the last quarter. Finally, Brookstone Capital Management increased its stake in shares of Cincinnati Financial by 8.2% in the third quarter. Brookstone Capital Management now owns 56,164 shares of the insurance provider’s stock worth $4,236,000 after buying an additional 4,272 shares during the last quarter. Institutional investors and hedge funds own 61.09% of the company’s stock.
About Cincinnati Financial
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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