Zacks Investment Research Downgrades Cincinnati Financial Corporation (CINF) to Sell

Cincinnati Financial Corporation (NASDAQ:CINF) was downgraded by Zacks Investment Research from a “buy” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.

According to Zacks, “Shares of Cincinnati Financial have underperformed the industry year to date. Cincinnati Financial’s exposure to cat losses and a continued turmoil in group benefits associated with the ACA are headwinds. The insurer has replaced its existing catastrophe bond program with a new collateralized reinsurance to mitigate the loss. Nonetheless, the company’s low leverage, ample capital, consistent cash flow generation, favorable reserve release, share repurchases and consistent dividend hikes should drive growth. Management is appointing agencies and expanding product offerings to ramp up the business. The company continues to see net investment income growth and expects to retain the momentum in the near term as well. The company is set to release third quarter results on Oct 26. A Zacks Rank #4 combined with Earnings ESP of -5.36% makes prediction difficult.”

Other research analysts also recently issued reports about the company. BidaskClub downgraded Cincinnati Financial Corporation from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 12th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $70.00 target price on shares of Cincinnati Financial Corporation in a research note on Friday, August 18th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $79.25.

Shares of Cincinnati Financial Corporation (NASDAQ:CINF) traded down 0.54% during midday trading on Tuesday, reaching $76.01. The company’s stock had a trading volume of 121,484 shares. The firm has a market cap of $12.46 billion, a price-to-earnings ratio of 21.78 and a beta of 0.90. The company has a 50-day moving average price of $76.35 and a 200-day moving average price of $73.72. Cincinnati Financial Corporation has a 12 month low of $68.11 and a 12 month high of $81.98.

Cincinnati Financial Corporation (NASDAQ:CINF) last issued its earnings results on Wednesday, August 2nd. The insurance provider reported $0.64 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.18. Cincinnati Financial Corporation had a return on equity of 6.57% and a net margin of 10.33%. The company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the previous year, the company posted $0.57 EPS. The firm’s revenue for the quarter was up 1.1% compared to the same quarter last year. Equities analysts expect that Cincinnati Financial Corporation will post $2.71 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: This story was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this story on another site, it was copied illegally and republished in violation of international trademark and copyright law. The original version of this story can be viewed at https://ledgergazette.com/2017/10/17/zacks-investment-research-downgrades-cincinnati-financial-corporation-cinf-to-sell.html.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Seven Eight Capital LP bought a new stake in Cincinnati Financial Corporation in the 2nd quarter valued at $101,000. Korea Investment CORP raised its holdings in Cincinnati Financial Corporation by 142.0% in the 2nd quarter. Korea Investment CORP now owns 1,452 shares of the insurance provider’s stock valued at $105,000 after acquiring an additional 852 shares in the last quarter. People s United Financial Inc. raised its holdings in Cincinnati Financial Corporation by 6.5% in the 2nd quarter. People s United Financial Inc. now owns 1,802 shares of the insurance provider’s stock valued at $131,000 after acquiring an additional 110 shares in the last quarter. San Francisco Sentry Investment Group CA acquired a new position in Cincinnati Financial Corporation in the 2nd quarter valued at $152,000. Finally, WFG Advisors LP raised its holdings in Cincinnati Financial Corporation by 39.4% in the 2nd quarter. WFG Advisors LP now owns 2,542 shares of the insurance provider’s stock valued at $184,000 after acquiring an additional 718 shares in the last quarter. Institutional investors and hedge funds own 63.09% of the company’s stock.

About Cincinnati Financial Corporation

Cincinnati Financial Corporation is a

According to Zacks, “Shares of Cincinnati Financial have underperformed the industry year to date. Cincinnati Financial’s exposure to cat losses and a continued turmoil in group benefits associated with the ACA are headwinds. The insurer has replaced its existing catastrophe bond program with a new collateralized reinsurance to mitigate the loss. Nonetheless, the company’s low leverage, ample capital, consistent cash flow generation, favorable reserve release, share repurchases and consistent dividend hikes should drive growth. Management is appointing agencies and expanding product offerings to ramp up the business. The company continues to see net investment income growth and expects to retain the momentum in the near term as well. The company is set to release third quarter results on Oct 26. A Zacks Rank #4 combined with Earnings ESP of -5.36% makes prediction difficult.”

Other research analysts also recently issued reports about the company. BidaskClub downgraded Cincinnati Financial Corporation from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 12th. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $70.00 target price on shares of Cincinnati Financial Corporation in a research note on Friday, August 18th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $79.25.

Shares of Cincinnati Financial Corporation (NASDAQ:CINF) traded down 0.54% during midday trading on Tuesday, reaching $76.01. The company’s stock had a trading volume of 121,484 shares. The firm has a market cap of $12.46 billion, a price-to-earnings ratio of 21.78 and a beta of 0.90. The company has a 50-day moving average price of $76.35 and a 200-day moving average price of $73.72. Cincinnati Financial Corporation has a 12 month low of $68.11 and a 12 month high of $81.98.

Cincinnati Financial Corporation (NASDAQ:CINF) last issued its earnings results on Wednesday, August 2nd. The insurance provider reported $0.64 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.18. Cincinnati Financial Corporation had a return on equity of 6.57% and a net margin of 10.33%. The company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the previous year, the company posted $0.57 EPS. The firm’s revenue for the quarter was up 1.1% compared to the same quarter last year. Equities analysts expect that Cincinnati Financial Corporation will post $2.71 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: This story was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this story on another site, it was copied illegally and republished in violation of international trademark and copyright law. The original version of this story can be viewed at https://ledgergazette.com/2017/10/17/zacks-investment-research-downgrades-cincinnati-financial-corporation-cinf-to-sell.html.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Seven Eight Capital LP bought a new stake in Cincinnati Financial Corporation in the 2nd quarter valued at $101,000. Korea Investment CORP raised its holdings in Cincinnati Financial Corporation by 142.0% in the 2nd quarter. Korea Investment CORP now owns 1,452 shares of the insurance provider’s stock valued at $105,000 after acquiring an additional 852 shares in the last quarter. People s United Financial Inc. raised its holdings in Cincinnati Financial Corporation by 6.5% in the 2nd quarter. People s United Financial Inc. now owns 1,802 shares of the insurance provider’s stock valued at $131,000 after acquiring an additional 110 shares in the last quarter. San Francisco Sentry Investment Group CA acquired a new position in Cincinnati Financial Corporation in the 2nd quarter valued at $152,000. Finally, WFG Advisors LP raised its holdings in Cincinnati Financial Corporation by 39.4% in the 2nd quarter. WFG Advisors LP now owns 2,542 shares of the insurance provider’s stock valued at $184,000 after acquiring an additional 718 shares in the last quarter. Institutional investors and hedge funds own 63.09% of the company’s stock.

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.

Analyst Recommendations for Cincinnati Financial Corporation (NASDAQ:CINF)

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