Cincinnati Financial Co. (NASDAQ:CINF) – Research analysts at Langen Mcalenn issued their FY2019 earnings per share (EPS) estimates for Cincinnati Financial in a report issued on Monday. Langen Mcalenn analyst L. Greenberg anticipates that the insurance provider will post earnings of $3.50 per share for the year. Langen Mcalenn has a “Neutral” rating on the stock.
Cincinnati Financial (NASDAQ:CINF) last issued its earnings results on Wednesday, February 7th. The insurance provider reported $0.93 EPS for the quarter, topping the consensus estimate of $0.86 by $0.07. Cincinnati Financial had a return on equity of 5.99% and a net margin of 18.23%. The company had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same quarter last year, the firm earned $0.75 EPS. The business’s revenue was up 7.5% on a year-over-year basis.
Cincinnati Financial (NASDAQ CINF) traded up $2.17 during trading hours on Tuesday, reaching $74.31. The company had a trading volume of 1,071,300 shares, compared to its average volume of 651,934. Cincinnati Financial has a twelve month low of $68.49 and a twelve month high of $81.98. The firm has a market cap of $12,190.00, a price-to-earnings ratio of 11.80 and a beta of 0.87. The company has a quick ratio of 0.29, a current ratio of 0.28 and a debt-to-equity ratio of 0.10.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Wednesday, March 21st will be given a dividend of $0.53 per share. The ex-dividend date is Tuesday, March 20th. This represents a $2.12 dividend on an annualized basis and a yield of 2.85%. This is a positive change from Cincinnati Financial’s previous quarterly dividend of $0.50. Cincinnati Financial’s payout ratio is currently 31.75%.
A number of large investors have recently added to or reduced their stakes in the stock. Maryland Capital Management boosted its position in Cincinnati Financial by 7.5% during the 4th quarter. Maryland Capital Management now owns 15,845 shares of the insurance provider’s stock valued at $1,188,000 after purchasing an additional 1,100 shares during the period. Amalgamated Bank raised its stake in Cincinnati Financial by 9.8% during the 4th quarter. Amalgamated Bank now owns 19,297 shares of the insurance provider’s stock valued at $1,447,000 after acquiring an additional 1,726 shares in the last quarter. LVW Advisors LLC raised its stake in Cincinnati Financial by 39.4% during the 4th quarter. LVW Advisors LLC now owns 15,679 shares of the insurance provider’s stock valued at $1,175,000 after acquiring an additional 4,432 shares in the last quarter. Eaton Vance Management raised its stake in Cincinnati Financial by 0.6% during the 4th quarter. Eaton Vance Management now owns 208,769 shares of the insurance provider’s stock valued at $15,651,000 after acquiring an additional 1,347 shares in the last quarter. Finally, OppenheimerFunds Inc. raised its stake in Cincinnati Financial by 17.5% during the 4th quarter. OppenheimerFunds Inc. now owns 13,899 shares of the insurance provider’s stock valued at $1,042,000 after acquiring an additional 2,069 shares in the last quarter. Institutional investors and hedge funds own 64.48% 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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