Cincinnati Financial (NASDAQ:CINF)‘s stock had its “hold” rating reaffirmed by equities researchers at Royal Bank of Canada in a research report issued to clients and investors on Thursday.
Several other equities analysts have also issued reports on CINF. BidaskClub upgraded Cincinnati Financial from a “sell” rating to a “hold” rating in a research report on Friday, February 2nd. Langen Mcalenn restated a “neutral” rating on shares of Cincinnati Financial in a research report on Tuesday, January 16th. Finally, Zacks Investment Research lowered Cincinnati Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, January 16th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $78.50.
Shares of Cincinnati Financial (CINF) traded down $2.29 during mid-day trading on Thursday, reaching $70.34. The company had a trading volume of 1,027,332 shares, compared to its average volume of 627,251. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.29 and a current ratio of 0.29. The firm has a market capitalization of $11,911.61, a price-to-earnings ratio of 23.29 and a beta of 0.87. Cincinnati Financial has a 1 year low of $68.24 and a 1 year high of $81.98.
Institutional investors have recently bought and sold shares of the company. Toronto Dominion Bank lifted its holdings in shares of Cincinnati Financial by 11.9% during the 3rd quarter. Toronto Dominion Bank now owns 56,911 shares of the insurance provider’s stock valued at $4,358,000 after purchasing an additional 6,060 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in shares of Cincinnati Financial by 79.0% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 90,649 shares of the insurance provider’s stock valued at $6,941,000 after purchasing an additional 40,000 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Cincinnati Financial by 7.3% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 28,885 shares of the insurance provider’s stock valued at $2,093,000 after purchasing an additional 1,966 shares in the last quarter. Bollard Group LLC lifted its holdings in shares of Cincinnati Financial by 6.8% during the 3rd quarter. Bollard Group LLC now owns 38,428 shares of the insurance provider’s stock valued at $2,942,000 after purchasing an additional 2,436 shares in the last quarter. Finally, Nordea Investment Management AB lifted its holdings in shares of Cincinnati Financial by 7.7% during the 3rd quarter. Nordea Investment Management AB now owns 33,278 shares of the insurance provider’s stock valued at $2,548,000 after purchasing an additional 2,384 shares in the last quarter. Institutional investors own 64.64% 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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