Cincinnati Financial (NASDAQ:CINF) Stock Rating Lowered by BidaskClub

BidaskClub cut shares of Cincinnati Financial (NASDAQ:CINF) from a hold rating to a sell rating in a research report report published on Thursday morning, BidAskClub reports.

CINF has been the topic of a number of other research reports. ValuEngine cut shares of Cincinnati Financial from a buy rating to a hold rating in a report on Wednesday, October 2nd. Buckingham Research raised their price target on Cincinnati Financial from $92.00 to $100.00 and gave the stock a neutral rating in a report on Thursday, September 12th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $106.40.

Shares of NASDAQ CINF traded up $0.67 during midday trading on Thursday, hitting $105.37. The company’s stock had a trading volume of 602,660 shares, compared to its average volume of 674,962. The stock has a fifty day moving average price of $109.41 and a 200 day moving average price of $108.50. Cincinnati Financial has a one year low of $71.21 and a one year high of $118.19. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $17.08 billion, a price-to-earnings ratio of 31.45 and a beta of 0.59.

Cincinnati Financial (NASDAQ:CINF) last announced its quarterly earnings results on Thursday, October 24th. The insurance provider reported $1.08 EPS for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.19. Cincinnati Financial had a net margin of 14.18% and a return on equity of 7.44%. The company had revenue of $1.70 billion for the quarter, compared to analysts’ expectations of $1.53 billion. During the same period in the prior year, the company posted $0.84 EPS. Cincinnati Financial’s revenue was down 11.2% compared to the same quarter last year. On average, equities research analysts predict that Cincinnati Financial will post 4.04 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, December 19th will be issued a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date of this dividend is Wednesday, December 18th. Cincinnati Financial’s payout ratio is presently 66.87%.

Several institutional investors and hedge funds have recently made changes to their positions in CINF. Nuveen Asset Management LLC grew its stake in Cincinnati Financial by 21,659.3% during the second quarter. Nuveen Asset Management LLC now owns 877,987 shares of the insurance provider’s stock valued at $91,021,000 after acquiring an additional 873,952 shares in the last quarter. APG Asset Management N.V. bought a new position in shares of Cincinnati Financial in the second quarter worth $66,674,000. BlackRock Inc. increased its holdings in shares of Cincinnati Financial by 3.1% in the second quarter. BlackRock Inc. now owns 13,293,456 shares of the insurance provider’s stock worth $1,378,132,000 after purchasing an additional 398,543 shares during the period. Vanguard Group Inc. raised its position in shares of Cincinnati Financial by 2.0% in the second quarter. Vanguard Group Inc. now owns 18,879,406 shares of the insurance provider’s stock worth $1,957,228,000 after buying an additional 371,070 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its position in shares of Cincinnati Financial by 43.0% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,104,890 shares of the insurance provider’s stock worth $128,906,000 after buying an additional 332,349 shares in the last quarter. Hedge funds and other institutional investors own 63.09% of the company’s stock.

About Cincinnati Financial

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.

Read More: Fiduciary

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