BidaskClub lowered shares of Cincinnati Financial (NASDAQ:CINF) from a strong-buy rating to a buy rating in a report issued on Thursday morning, BidAskClub reports.

A number of other research firms also recently issued reports on CINF. Royal Bank of Canada lifted their price target on shares of Cincinnati Financial to $105.00 and gave the company a sector perform rating in a research report on Thursday, August 1st. They noted that the move was a valuation call. Credit Suisse Group upgraded Cincinnati Financial from a neutral rating to an outperform rating and lifted their price objective for the stock from $90.00 to $110.00 in a research report on Friday, May 17th. Finally, MKM Partners restated a buy rating and set a $120.00 price objective (up from $100.00) on shares of Cincinnati Financial in a research report on Friday, May 24th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has an average rating of Buy and a consensus target price of $106.40.

Shares of CINF stock traded down $0.29 during midday trading on Thursday, reaching $112.95. 379,356 shares of the company traded hands, compared to its average volume of 690,852. The firm’s 50 day simple moving average is $109.67 and its two-hundred day simple moving average is $98.79. Cincinnati Financial has a 1-year low of $71.01 and a 1-year high of $115.56. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.29 and a quick ratio of 0.29. The firm has a market cap of $18.26 billion, a PE ratio of 33.72 and a beta of 0.64.

Cincinnati Financial (NASDAQ:CINF) last posted its quarterly earnings results on Tuesday, July 30th. The insurance provider reported $0.85 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.21. Cincinnati Financial had a net margin of 18.28% and a return on equity of 7.17%. The company had revenue of $1.91 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same period last year, the firm earned $0.81 EPS. The company’s revenue for the quarter was up 22.8% on a year-over-year basis. As a group, research analysts anticipate that Cincinnati Financial will post 3.75 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Wednesday, September 18th will be given a dividend of $0.56 per share. The ex-dividend date of this dividend is Tuesday, September 17th. This represents a $2.24 annualized dividend and a dividend yield of 1.98%. Cincinnati Financial’s dividend payout ratio is currently 66.87%.

Several institutional investors have recently modified their holdings of the stock. Krane Funds Advisors LLC purchased a new stake in Cincinnati Financial in the 2nd quarter worth approximately $25,000. Kavar Capital Partners LLC purchased a new stake in Cincinnati Financial in the 2nd quarter worth approximately $26,000. Virtus ETF Advisers LLC purchased a new stake in Cincinnati Financial in the 2nd quarter worth approximately $29,000. CSat Investment Advisory L.P. grew its stake in Cincinnati Financial by 42.3% in the 2nd quarter. CSat Investment Advisory L.P. now owns 380 shares of the insurance provider’s stock worth $39,000 after acquiring an additional 113 shares during the period. Finally, Hanson & Doremus Investment Management purchased a new stake in Cincinnati Financial in the 2nd quarter worth approximately $40,000. Hedge funds and other institutional investors own 63.94% of the company’s stock.

Cincinnati Financial Company Profile

Cincinnati Financial Corporation, together with its subsidiary, 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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