Cincinnati Financial Co. (NASDAQ:CINF) – Research analysts at Langen Mcalenn reduced their Q1 2018 earnings per share estimates for shares of Cincinnati Financial in a report released on Monday. Langen Mcalenn analyst L. Greenberg now anticipates that the insurance provider will post earnings per share of $0.80 for the quarter, down from their prior forecast of $0.87. Langen Mcalenn currently has a “Neutral” rating on the stock. Langen Mcalenn also issued estimates for Cincinnati Financial’s Q2 2018 earnings at $0.63 EPS, Q3 2018 earnings at $0.87 EPS, Q4 2018 earnings at $0.95 EPS, FY2018 earnings at $3.25 EPS, Q1 2019 earnings at $0.87 EPS, Q2 2019 earnings at $0.70 EPS, Q3 2019 earnings at $0.92 EPS and Q4 2019 earnings at $1.01 EPS.
Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings data on Wednesday, February 7th. The insurance provider reported $0.93 EPS for the quarter, beating the Thomson Reuters’ 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 business had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same period in the previous year, the business earned $0.75 earnings per share. The business’s revenue was up 7.5% on a year-over-year basis.
Shares of Cincinnati Financial (CINF) opened at $73.97 on Wednesday. Cincinnati Financial has a twelve month low of $68.49 and a twelve month high of $81.98. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.28 and a quick ratio of 0.29. The stock has a market capitalization of $12,179.41, a PE ratio of 11.74 and a beta of 0.87.
A number of hedge funds and other institutional investors have recently modified their holdings of CINF. Canada Pension Plan Investment Board increased its stake in Cincinnati Financial by 12,727.3% during 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 during the last quarter. SeaCrest Wealth Management LLC bought a new stake in Cincinnati Financial during the fourth quarter worth approximately $139,000. WFG Advisors LP increased its stake in Cincinnati Financial by 39.4% during 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 during the last quarter. Centiva Capital LP bought a new stake in Cincinnati Financial during the fourth quarter worth approximately $201,000. Finally, Csenge Advisory Group bought a new stake in Cincinnati Financial during the third quarter worth approximately $206,000. 64.48% of the stock is currently owned by institutional investors.
In other news, Director Douglas S. Skidmore bought 650 shares of Cincinnati Financial stock in a transaction dated Friday, February 9th. The shares were purchased at an average cost of $70.65 per share, with a total value of $45,922.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 9.25% of the company’s stock.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Wednesday, March 21st will be issued a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 2.87%. This is a boost from Cincinnati Financial’s previous quarterly dividend of $0.50. The ex-dividend date is Tuesday, March 20th. Cincinnati Financial’s payout ratio is 31.75%.
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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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