Cincinnati Financial Corporation (NASDAQ:CINF) was downgraded by Zacks Investment Research from a “buy” rating to a “sell” rating in a research note issued to investors on Tuesday.

According to Zacks, “Shares of Cincinnati Financial have underperformed the industry year to date. 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. Nonetheless, the company’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 is set to release third quarter results on Oct 26. A Zacks Rank #4 combined with Earnings ESP of -5.36% makes prediction difficult.”

Several other brokerages also recently weighed in on CINF. BidaskClub upgraded Cincinnati Financial Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $70.00 target price on shares of Cincinnati Financial Corporation in a research report on Friday, August 18th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $79.25.

Shares of Cincinnati Financial Corporation (NASDAQ:CINF) traded down 0.69% during trading on Tuesday, hitting $75.89. The company had a trading volume of 192,293 shares. The stock has a market capitalization of $12.44 billion, a P/E ratio of 21.74 and a beta of 0.90. Cincinnati Financial Corporation has a 52 week low of $68.11 and a 52 week high of $81.98. The firm’s 50 day moving average is $76.35 and its 200-day moving average is $73.72.

Cincinnati Financial Corporation (NASDAQ:CINF) last issued its quarterly earnings data on Wednesday, August 2nd. The insurance provider reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.18. Cincinnati Financial Corporation had a return on equity of 6.57% and a net margin of 10.33%. The business had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the prior year, the business posted $0.57 earnings per share. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. Equities research analysts anticipate that Cincinnati Financial Corporation will post $2.71 EPS for the current fiscal year.

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A number of hedge funds have recently modified their holdings of CINF. OppenheimerFunds Inc. raised its stake in Cincinnati Financial Corporation by 15.1% in the 1st quarter. OppenheimerFunds Inc. now owns 10,677 shares of the insurance provider’s stock worth $772,000 after acquiring an additional 1,399 shares during the last quarter. Teachers Advisors LLC raised its stake in Cincinnati Financial Corporation by 6.1% in the 1st quarter. Teachers Advisors LLC now owns 196,758 shares of the insurance provider’s stock worth $14,220,000 after acquiring an additional 11,279 shares during the last quarter. Ngam Advisors L.P. raised its stake in Cincinnati Financial Corporation by 0.4% in the 1st quarter. Ngam Advisors L.P. now owns 21,752 shares of the insurance provider’s stock worth $1,572,000 after acquiring an additional 89 shares during the last quarter. Thrivent Financial For Lutherans raised its stake in Cincinnati Financial Corporation by 5.6% in the 1st quarter. Thrivent Financial For Lutherans now owns 5,498 shares of the insurance provider’s stock worth $397,000 after acquiring an additional 290 shares during the last quarter. Finally, Global X Management Co. LLC raised its stake in Cincinnati Financial Corporation by 34.5% in the 1st quarter. Global X Management Co. LLC now owns 5,098 shares of the insurance provider’s stock worth $368,000 after acquiring an additional 1,308 shares during the last quarter. Institutional investors own 63.09% 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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Analyst Recommendations for Cincinnati Financial Corporation (NASDAQ:CINF)

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