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.

TRADEMARK VIOLATION NOTICE: This news story was originally published by American Banking News and is the property of of American Banking News. If you are reading this news story on another domain, it was stolen and republished in violation of US & international trademark and copyright laws. The correct version of this news story can be accessed at https://www.americanbankingnews.com/2017/08/07/q1-2018-eps-estimates-for-cincinnati-financial-corporation-nasdaqcinf-cut-by-langen-mcalenn.html.

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.

Earnings History and Estimates for Cincinnati Financial Corporation (NASDAQ:CINF)

Receive News & Ratings for Cincinnati Financial Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cincinnati Financial Corporation and related companies with MarketBeat.com's FREE daily email newsletter.