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

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. It continues to see net investment income growth. However, exposure to cat losses and a continued turmoil in group benefits associated with the ACA are headwinds. The company has projected losses of not less than $1 million each in the fourth quarter from Hurricane Nate and Califirnia Wildfire. 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 in a year. A Zacks Rank #3 and Earnings ESP of 2.92% makes us confident of a fourth quarter earnings beat on Feb 14.”

Separately, BidaskClub lowered Cincinnati Financial from a “sell” rating to a “strong sell” rating in a research report on Wednesday, January 10th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $78.50.

Shares of Cincinnati Financial (CINF) traded up $1.26 during trading on Tuesday, hitting $74.03. The stock had a trading volume of 399,400 shares, compared to its average volume of 542,389. The stock has a market capitalization of $12,170.00, a price-to-earnings ratio of 24.43 and a beta of 0.93. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.11. Cincinnati Financial has a 52-week low of $68.24 and a 52-week high of $81.98.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings data on Thursday, October 26th. The insurance provider reported $0.58 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.05. The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.42 billion. Cincinnati Financial had a return on equity of 5.85% and a net margin of 8.93%. The business’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter last year, the business posted $0.86 earnings per share. sell-side analysts forecast that Cincinnati Financial will post 2.65 earnings per share for the current fiscal year.

Several institutional investors have recently modified their holdings of the company. Seven Eight Capital LP purchased a new position in Cincinnati Financial in the second quarter worth about $101,000. Canada Pension Plan Investment Board grew its position in Cincinnati Financial by 12,727.3% in the third quarter. Canada Pension Plan Investment Board now owns 1,411 shares of the insurance provider’s stock worth $108,000 after acquiring an additional 1,400 shares in the last quarter. People s United Financial Inc. grew its position in Cincinnati Financial by 6.5% in the second quarter. People s United Financial Inc. now owns 1,802 shares of the insurance provider’s stock worth $131,000 after acquiring an additional 110 shares in the last quarter. San Francisco Sentry Investment Group CA purchased a new position in Cincinnati Financial in the second quarter worth about $152,000. Finally, WFG Advisors LP grew its position in Cincinnati Financial by 39.4% in the second quarter. WFG Advisors LP now owns 2,542 shares of the insurance provider’s stock worth $184,000 after acquiring an additional 718 shares in the last quarter. Hedge funds and other institutional investors own 64.45% of the company’s stock.

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Cincinnati Financial Company Profile

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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