Cincinnati Financial Co. (NASDAQ:CINF) – Research analysts at Langen Mcalenn lifted their FY2018 earnings per share (EPS) estimates for Cincinnati Financial in a report issued on Tuesday. Langen Mcalenn analyst L. Greenberg now anticipates that the insurance provider will post earnings per share of $3.50 for the year, up from their previous forecast of $3.15. Langen Mcalenn currently has a “Neutral” rating on the stock.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings results on Thursday, October 26th. The insurance provider reported $0.58 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.05. The firm had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.42 billion. Cincinnati Financial had a return on equity of 5.85% and a net margin of 8.93%. The firm’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.86 EPS.

CINF has been the topic of several other research reports. BidaskClub cut Cincinnati Financial from a “sell” rating to a “strong sell” rating in a research report on Wednesday, January 10th. Zacks Investment Research lowered Cincinnati Financial from a “buy” rating to a “sell” rating in a report on Tuesday, October 17th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $78.50.

Shares of Cincinnati Financial (CINF) traded up $0.86 during mid-day trading on Thursday, reaching $75.06. The company had a trading volume of 453,500 shares, compared to its average volume of 542,636. The firm has a market cap of $12,320.00, a PE ratio of 24.77 and a beta of 0.93. Cincinnati Financial has a 1 year low of $68.24 and a 1 year high of $81.98. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.29 and a quick ratio of 0.29.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. D.A. Davidson & CO. boosted its holdings in Cincinnati Financial by 2.7% in the 2nd quarter. D.A. Davidson & CO. now owns 3,235 shares of the insurance provider’s stock valued at $234,000 after purchasing an additional 84 shares in the last quarter. Sentry Investment Management LLC boosted its holdings in Cincinnati Financial by 0.9% in the 2nd quarter. Sentry Investment Management LLC now owns 10,411 shares of the insurance provider’s stock valued at $754,000 after purchasing an additional 96 shares in the last quarter. People s United Financial Inc. boosted its holdings in Cincinnati Financial by 6.5% in the 2nd quarter. People s United Financial Inc. now owns 1,802 shares of the insurance provider’s stock valued at $131,000 after purchasing an additional 110 shares in the last quarter. Thrivent Financial For Lutherans boosted its holdings in Cincinnati Financial by 3.5% in the 2nd quarter. Thrivent Financial For Lutherans now owns 5,688 shares of the insurance provider’s stock valued at $412,000 after purchasing an additional 190 shares in the last quarter. Finally, Stephens Inc. AR boosted its stake in shares of Cincinnati Financial by 6.7% during the 2nd quarter. Stephens Inc. AR now owns 5,280 shares of the insurance provider’s stock worth $383,000 after acquiring an additional 332 shares in the last quarter. 64.45% of the stock is currently owned by institutional investors.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Wednesday, December 20th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date of this dividend was Tuesday, December 19th. Cincinnati Financial’s dividend payout ratio is presently 66.01%.

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About Cincinnati Financial

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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