Royal Bank of Canada Reiterates Hold Rating for Cincinnati Financial (CINF)
Cincinnati Financial (NASDAQ:CINF)‘s stock had its “hold” rating restated by equities research analysts at Royal Bank of Canada in a research report issued on Thursday.
Other equities analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Cincinnati Financial from a “hold” rating to a “buy” rating and set a $82.00 price target for the company in a research note on Thursday, January 4th. BidaskClub raised shares of Cincinnati Financial from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, Langen Mcalenn reaffirmed a “neutral” rating on shares of Cincinnati Financial in a research note on Tuesday, January 16th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $78.50.
Cincinnati Financial (NASDAQ:CINF) opened at $72.14 on Thursday. The stock has a market cap of $11,540.81, a price-to-earnings ratio of 11.45 and a beta of 0.87. Cincinnati Financial has a 52 week low of $68.24 and a 52 week high of $81.98. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.29 and a current ratio of 0.28.
Institutional investors and hedge funds have recently bought and sold shares of the company. Canada Pension Plan Investment Board increased its position in shares of 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 buying an additional 1,400 shares during the period. SeaCrest Wealth Management LLC acquired a new stake in shares of Cincinnati Financial during the fourth quarter worth $139,000. WFG Advisors LP increased its position in shares of 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 buying an additional 718 shares during the period. Centiva Capital LP acquired a new stake in shares of Cincinnati Financial during the fourth quarter worth $201,000. Finally, Csenge Advisory Group acquired a new stake in shares of Cincinnati Financial during the third quarter worth $206,000. Institutional investors own 64.64% of the company’s stock.
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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