Cincinnati Financial (NASDAQ:CINF) was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a note issued to investors on Thursday.

CINF has been the topic of several other research reports. Zacks Investment Research lowered shares of Cincinnati Financial from a “buy” rating to a “hold” rating in a report on Friday, September 15th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $70.00 target price on shares of Cincinnati Financial in a report on Friday, August 18th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $79.25.

Cincinnati Financial (NASDAQ CINF) opened at $74.28 on Thursday. Cincinnati Financial has a one year low of $68.24 and a one year high of $81.98. The stock has a market cap of $12,088.81, a price-to-earnings ratio of 28.78 and a beta of 0.93. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.11.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings data on Thursday, October 26th. The insurance provider reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.05. Cincinnati Financial had a net margin of 8.93% and a return on equity of 5.85%. The company had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.42 billion. During the same quarter in the prior year, the company posted $0.86 EPS. The business’s revenue was up .7% on a year-over-year basis. sell-side analysts forecast that Cincinnati Financial will post 2.65 earnings per share for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. grew its holdings in Cincinnati Financial by 2.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,962,990 shares of the insurance provider’s stock worth $214,669,000 after acquiring an additional 62,767 shares during the last quarter. Prudential Financial Inc. grew its holdings in Cincinnati Financial by 1.2% during the 2nd quarter. Prudential Financial Inc. now owns 226,607 shares of the insurance provider’s stock worth $16,418,000 after acquiring an additional 2,620 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Cincinnati Financial by 1.2% during the 2nd quarter. Principal Financial Group Inc. now owns 229,708 shares of the insurance provider’s stock worth $16,643,000 after acquiring an additional 2,762 shares during the last quarter. Schulhoff & Co. Inc. grew its holdings in Cincinnati Financial by 0.3% during the 2nd quarter. Schulhoff & Co. Inc. now owns 63,477 shares of the insurance provider’s stock worth $4,598,000 after acquiring an additional 200 shares during the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in Cincinnati Financial by 19.6% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 39,267 shares of the insurance provider’s stock worth $2,845,000 after acquiring an additional 6,440 shares during the last quarter. 64.55% of the stock is currently owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Cincinnati Financial (NASDAQ:CINF)

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