Somewhat Positive News Coverage Somewhat Unlikely to Impact Cincinnati Financial Corporation (NASDAQ:CINF) Stock Price
Media headlines about Cincinnati Financial Corporation (NASDAQ:CINF) have trended somewhat positive this week, according to Accern. Accern ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Cincinnati Financial Corporation earned a coverage optimism score of 0.16 on Accern’s scale. Accern also assigned news headlines about the insurance provider an impact score of 46.6660814794203 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:
- See what the IHS Markit Score report has to say about Cincinnati Financial Corp. (finance.yahoo.com)
- Wynn Resorts, Limited (NASDAQ:WYNN) versus Cincinnati Financial Corporation (NASDAQ:CINF): The Right Stocks … – FLBC News (flbcnews.com)
- PETROTERRA CORP. (OTCMKTS:PTRA) Files An 8-K Material Modification to Rights of Security Holders (4-traders.com)
- Indicator Review on Shares of Cincinnati Financial Corp (CINF) – Bulletin News (orobulletin.com)
- Stock Price Performance Review for Cincinnati Financial Corporation (NASDAQ:CINF) – Jonesboro Recorder (jonesbororecorder.com)
A number of equities analysts have recently issued reports on the stock. BidaskClub upgraded shares of Cincinnati Financial Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday. Zacks Investment Research upgraded shares of Cincinnati Financial Corporation from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Keefe, Bruyette & Woods set a $70.00 price objective on shares of Cincinnati Financial Corporation and gave the company a “hold” rating in a research note on Wednesday, May 24th. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $72.00 price objective on shares of Cincinnati Financial Corporation in a research note on Monday, May 22nd. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Cincinnati Financial Corporation presently has an average rating of “Hold” and a consensus price target of $78.75.
Shares of Cincinnati Financial Corporation (NASDAQ:CINF) traded down 0.88% during midday trading on Thursday, reaching $79.62. 396,918 shares of the company’s stock traded hands. Cincinnati Financial Corporation has a 1-year low of $68.11 and a 1-year high of $81.98. The stock has a market capitalization of $13.06 billion, a P/E ratio of 22.81 and a beta of 0.89. The firm’s 50-day moving average price is $74.56 and its 200 day moving average price is $72.30.
Cincinnati Financial Corporation (NASDAQ:CINF) last announced its quarterly earnings data on Wednesday, August 2nd. The insurance provider reported $0.64 EPS for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.18. Cincinnati Financial Corporation had a net margin of 10.33% and a return on equity of 6.57%. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the prior year, the firm posted $0.57 EPS. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. On average, equities analysts predict that Cincinnati Financial Corporation will post $2.90 earnings per share for the current fiscal year.
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About Cincinnati Financial Corporation
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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