A number of firms have modified their ratings and price targets on shares of Cincinnati Financial Corporation (NASDAQ: CINF) recently:

  • 9/25/2017 – Cincinnati Financial Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $85.00 price target on the stock. According to Zacks, “Cincinnati Financial’s low leverage, ample capital, consistent cash flow generation, favorable reserve release, share repurchases and consistent dividend hikes should drive growth. Management is appointing agencies and expanding product offerings to ramp up the business. The company continues to see net investment income growth and expects to retain the momentum in the near term as well. The company witnessed its 2017 and 2018 estimates moving north over the last 60 days. However, Cincinnati Financial’s exposure to cat losses and a continued turmoil in group benefits associated with the ACA are headwinds. The insurer has replaced its existing catastrophe bond program with a new collateralized reinsurance to mitigate the loss. Shares of Cincinnati Financial have underperformed the industry quarter to date.”
  • 9/22/2017 – Cincinnati Financial Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Cincinnati Financial’s low leverage, ample capital, consistent cash flow generation, favorable reserve release, share repurchases and consistent dividend hikes should drive growth. Management is appointing agencies and expanding product offerings to ramp up the business. The company continues to see net investment income growth and expects to retain the momentum in the near term as well. The company witnessed its 2017 and 2018 estimates moving north over the last 60 days. However, Cincinnati Financial’s exposure to cat losses and a continued turmoil in group benefits associated with the ACA are headwinds. The insurer has replaced its existing catastrophe bond program with a new collateralized reinsurance to mitigate the loss. Shares of Cincinnati Financial have underperformed the industry quarter to date.”
  • 9/19/2017 – Cincinnati Financial Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $85.00 price target on the stock. According to Zacks, “Shares of Cincinnati Financial have outperformed the industry, quarter to date. Moreover, the company witnessed its 2017 and 2018 estimates moving north over the last 60 days. Cincinnati Financial’s low leverage, ample capital, consistent cash flow generation, favorable reserve release, share repurchases and consistent dividend hikes should drive growth. Management is appointing agencies and expanding product offerings to ramp up the business. The company continues to see net investment income growth and expects to retain the momentum in the near term as well. However, Cincinnati Financial’s exposure to cat losses and a continued turmoil in group benefits associated with the ACA are headwinds. The insurer has replaced its existing catastrophe bond program with a new collateralized reinsurance to mitigate the loss.”
  • 9/15/2017 – Cincinnati Financial Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Shares of Cincinnati Financial have outperformed the industry, quarter to date. Moreover, the company witnessed its 2017 and 2018 estimates moving north over the last 60 days. Cincinnati Financial’s low leverage, ample capital, consistent cash flow generation, favorable reserve release, share repurchases and consistent dividend hikes should drive growth. Management is appointing agencies and expanding product offerings to ramp up the business. Moreover, the company continues to see net investment income growth and expects to retain the momentum in the near term as well. However, the company’s exposure to cat losses and a continued turmoil in group benefits associated with the ACA are headwinds. The insurer has replaced its existing catastrophe bond program with a new collateralized reinsurance to mitigate the loss.”
  • 9/12/2017 – Cincinnati Financial Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $86.00 price target on the stock. According to Zacks, “Shares of Cincinnati Financial have outperformed the industry, quarter to date. Moreover, the company witnessed its 2017 and 2018 estimates moving north over the last 60 days. Cincinnati Financial’s low leverage, ample capital, consistent cash flow generation, favorable reserve release, share repurchases and consistent dividend hikes should drive growth. Management is appointing agencies and expanding product offerings to ramp up the business. Moreover, the company continues to see net investment income growth and expects to retain the momentum in the near term as well. However, the company’s exposure to cat losses and a continued turmoil in group benefits associated with the ACA are headwinds. The insurer has replaced its existing catastrophe bond program with a new collateralized reinsurance to mitigate the loss.”
  • 8/18/2017 – Cincinnati Financial Corporation had its “hold” rating reaffirmed by analysts at Keefe, Bruyette & Woods. They now have a $70.00 price target on the stock.
  • 8/9/2017 – Cincinnati Financial Corporation was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.

Cincinnati Financial Corporation (NASDAQ:CINF) opened at 77.16 on Wednesday. Cincinnati Financial Corporation has a one year low of $68.11 and a one year high of $81.98. The firm’s 50-day moving average is $76.58 and its 200 day moving average is $73.47. The firm has a market capitalization of $12.65 billion, a price-to-earnings ratio of 22.11 and a beta of 0.90.

Cincinnati Financial Corporation (NASDAQ:CINF) last posted its quarterly earnings data on Wednesday, August 2nd. The insurance provider reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.18. The business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.38 billion. Cincinnati Financial Corporation had a return on equity of 6.57% and a net margin of 10.33%. The firm’s revenue for the quarter was up 1.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.57 earnings per share. Analysts forecast that Cincinnati Financial Corporation will post $2.85 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 22nd will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, September 21st. This represents a $2.00 annualized dividend and a yield of 2.59%. Cincinnati Financial Corporation’s payout ratio is 57.31%.

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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