Cincinnati Financial (CINF) Receives Hold Rating from Royal Bank of Canada

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.

Cincinnati Financial (NASDAQ:CINF) last posted its earnings results on Wednesday, February 7th. The insurance provider reported $0.93 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.07. The company 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 company’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.75 EPS. analysts expect that Cincinnati Financial will post 2.65 EPS for the current year.

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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