Q1 2018 EPS Estimates for Cincinnati Financial Corporation (NASDAQ:CINF) Cut by Langen Mcalenn
Cincinnati Financial Corporation (NASDAQ:CINF) – Research analysts at Langen Mcalenn reduced their Q1 2018 EPS estimates for shares of Cincinnati Financial Corporation in a research note issued to investors on Wednesday. Langen Mcalenn analyst L. Greenberg now anticipates that the insurance provider will post earnings per share of $0.78 for the quarter, down from their prior estimate of $0.79.
Other research analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Cincinnati Financial Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 4th. Keefe, Bruyette & Woods set a $70.00 price objective on shares of Cincinnati Financial Corporation and gave the company a “hold” rating in a research report on Wednesday, May 24th. Royal Bank Of Canada reiterated a “hold” rating and set a $72.00 price objective on shares of Cincinnati Financial Corporation in a research report on Monday, May 22nd. Finally, BidaskClub upgraded shares of Cincinnati Financial Corporation from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company’s stock. Cincinnati Financial Corporation currently has a consensus rating of “Hold” and an average price target of $78.75.
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Shares of Cincinnati Financial Corporation (CINF) opened at 80.30 on Monday. Cincinnati Financial Corporation has a 12 month low of $68.11 and a 12 month high of $81.14. The firm’s 50-day moving average is $73.22 and its 200 day moving average is $71.86. The stock has a market cap of $13.16 billion, a PE ratio of 23.01 and a beta of 0.89.
Cincinnati Financial Corporation (NASDAQ:CINF) last announced its quarterly earnings results on Wednesday, August 2nd. The insurance provider reported $0.64 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.18. The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.38 billion. Cincinnati Financial Corporation had a net margin of 10.33% and a return on equity of 6.57%. The firm’s revenue for the quarter was up 1.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.57 EPS.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Korea Investment CORP boosted its position in Cincinnati Financial Corporation by 142.0% in the second quarter. Korea Investment CORP now owns 1,452 shares of the insurance provider’s stock worth $105,000 after buying an additional 852 shares during the last quarter. Clarius Group LLC bought a new position in Cincinnati Financial Corporation during the first quarter worth approximately $130,000. MCF Advisors LLC boosted its position in Cincinnati Financial Corporation by 2.4% in the first quarter. MCF Advisors LLC now owns 2,243 shares of the insurance provider’s stock worth $162,000 after buying an additional 52 shares during the last quarter. First Manhattan Co. boosted its position in Cincinnati Financial Corporation by 36.2% in the first quarter. First Manhattan Co. now owns 2,437 shares of the insurance provider’s stock worth $183,000 after buying an additional 648 shares during the last quarter. Finally, First Heartland Consultants Inc. bought a new position in Cincinnati Financial Corporation during the second quarter worth approximately $210,000. Hedge funds and other institutional investors own 63.03% of the company’s stock.
About Cincinnati Financial Corporation
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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