BidaskClub upgraded shares of Cincinnati Financial (NASDAQ:CINF) from a hold rating to a buy rating in a report published on Saturday morning.

Several other equities analysts have also recently weighed in on CINF. Zacks Investment Research raised shares of Cincinnati Financial from a sell rating to a hold rating in a research note on Tuesday, July 3rd. Sandler O’Neill reaffirmed a neutral rating on shares of Cincinnati Financial in a research note on Friday, July 27th. Finally, Credit Suisse Group started coverage on shares of Cincinnati Financial in a research note on Tuesday, August 7th. They set an underperform rating and a $70.00 price target for the company. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. Cincinnati Financial has an average rating of Hold and an average target price of $78.00.

Shares of CINF opened at $77.41 on Friday. The company has a market cap of $12.85 billion, a PE ratio of 28.70 and a beta of 0.84. Cincinnati Financial has a twelve month low of $66.33 and a twelve month high of $79.67. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.27 and a quick ratio of 0.27.

Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings results on Thursday, July 26th. The insurance provider reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.27. The company had revenue of $1.56 billion during the quarter, compared to analysts’ expectations of $1.43 billion. Cincinnati Financial had a net margin of 16.59% and a return on equity of 6.36%. The business’s quarterly revenue was up 12.4% on a year-over-year basis. During the same period last year, the business earned $0.64 EPS. sell-side analysts expect that Cincinnati Financial will post 3.15 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Stockholders of record on Wednesday, September 19th will be paid a dividend of $0.53 per share. The ex-dividend date is Tuesday, September 18th. This represents a $2.12 annualized dividend and a dividend yield of 2.74%. Cincinnati Financial’s dividend payout ratio is currently 77.37%.

Several institutional investors and hedge funds have recently modified their holdings of the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in shares of Cincinnati Financial in the second quarter valued at $107,000. Advisors Asset Management Inc. grew its stake in shares of Cincinnati Financial by 3,953.5% in the second quarter. Advisors Asset Management Inc. now owns 132,143 shares of the insurance provider’s stock valued at $133,000 after buying an additional 128,883 shares in the last quarter. Dupont Capital Management Corp grew its stake in shares of Cincinnati Financial by 68.3% in the second quarter. Dupont Capital Management Corp now owns 2,498 shares of the insurance provider’s stock valued at $167,000 after buying an additional 1,014 shares in the last quarter. Fiera Capital Corp bought a new position in shares of Cincinnati Financial in the first quarter valued at $200,000. Finally, Piedmont Investment Advisors LLC bought a new position in shares of Cincinnati Financial in the second quarter valued at $214,000. 62.16% of the stock is owned by institutional investors.

Cincinnati Financial Company Profile

Cincinnati Financial Corporation provides property casualty insurance products in the United States. The company operates in five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment provides coverage for commercial casualty, commercial property, commercial auto, and workers' compensation.

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