Cincinnati Financial Co. (NASDAQ:CINF) Given Consensus Rating of “Hold” by Analysts

Shares of Cincinnati Financial Co. (NASDAQ:CINFGet Rating) have received an average rating of “Hold” from the five brokerages that are covering the company, Marketbeat reports. Four analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $134.75.

Several analysts have issued reports on the stock. StockNews.com began coverage on shares of Cincinnati Financial in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Zacks Investment Research lowered shares of Cincinnati Financial from a “strong-buy” rating to a “hold” rating and set a $145.00 price target on the stock. in a report on Tuesday, April 19th.

Hedge funds have recently added to or reduced their stakes in the stock. Vident Investment Advisory LLC bought a new position in shares of Cincinnati Financial during the 3rd quarter valued at $2,751,000. Goldman Sachs Group Inc. grew its holdings in shares of Cincinnati Financial by 93.5% during the 3rd quarter. Goldman Sachs Group Inc. now owns 559,472 shares of the insurance provider’s stock valued at $63,903,000 after purchasing an additional 270,334 shares during the last quarter. Xponance Inc. grew its holdings in shares of Cincinnati Financial by 632.1% during the 4th quarter. Xponance Inc. now owns 55,586 shares of the insurance provider’s stock valued at $6,333,000 after purchasing an additional 47,993 shares during the last quarter. CFS Investment Advisory Services LLC bought a new position in shares of Cincinnati Financial during the 3rd quarter valued at $2,278,000. Finally, Toronto Dominion Bank grew its holdings in shares of Cincinnati Financial by 16.9% during the 4th quarter. Toronto Dominion Bank now owns 88,376 shares of the insurance provider’s stock valued at $10,069,000 after purchasing an additional 12,764 shares during the last quarter. 66.34% of the stock is currently owned by institutional investors.

NASDAQ CINF opened at $127.34 on Thursday. Cincinnati Financial has a 1 year low of $108.88 and a 1 year high of $143.22. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.29 and a quick ratio of 0.29. The stock has a market capitalization of $20.43 billion, a PE ratio of 10.11 and a beta of 0.67. The company’s 50 day simple moving average is $131.42 and its two-hundred day simple moving average is $123.20.

Cincinnati Financial (NASDAQ:CINFGet Rating) last posted its earnings results on Thursday, April 28th. The insurance provider reported $1.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.48 by $0.10. Cincinnati Financial had a net margin of 23.82% and a return on equity of 8.79%. The business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.83 billion. During the same period in the prior year, the company posted $1.37 EPS. The business’s revenue for the quarter was down 45.4% compared to the same quarter last year. On average, research analysts anticipate that Cincinnati Financial will post 5.55 EPS for the current year.

About Cincinnati Financial (Get Rating)

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

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