Cincinnati Financial (NASDAQ:CINF) was downgraded by investment analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report released on Wednesday.
Separately, Zacks Investment Research downgraded Cincinnati Financial from a “buy” rating to a “sell” rating in a research report on Tuesday, October 17th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $78.50.
Shares of Cincinnati Financial (NASDAQ CINF) traded up $1.26 during trading hours on Wednesday, hitting $74.03. The stock had a trading volume of 376,882 shares, compared to its average volume of 467,192. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.29 and a quick ratio of 0.29. Cincinnati Financial has a twelve month low of $68.24 and a twelve month high of $81.98. The stock has a market capitalization of $12,146.25, a P/E ratio of 24.51 and a beta of 0.93.
Cincinnati Financial (NASDAQ:CINF) last issued its quarterly earnings data on Thursday, October 26th. The insurance provider reported $0.58 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.05. Cincinnati Financial had a return on equity of 5.85% and a net margin of 8.93%. The business had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.42 billion. During the same period in the prior year, the business earned $0.86 earnings per share. The business’s revenue was up .7% on a year-over-year basis. sell-side analysts forecast that Cincinnati Financial will post 2.65 EPS for the current year.
Several large investors have recently modified their holdings of the company. DnB Asset Management AS lifted its position in shares of Cincinnati Financial by 16.9% in the fourth quarter. DnB Asset Management AS now owns 36,675 shares of the insurance provider’s stock valued at $2,750,000 after acquiring an additional 5,300 shares in the last quarter. Parametric Portfolio Associates LLC lifted its position in Cincinnati Financial by 6.8% during the third quarter. Parametric Portfolio Associates LLC now owns 405,219 shares of the insurance provider’s stock worth $31,028,000 after buying an additional 25,954 shares during the period. Truepoint Inc. lifted its position in Cincinnati Financial by 7,395.5% during the third quarter. Truepoint Inc. now owns 1,954,901 shares of the insurance provider’s stock worth $1,955,000 after buying an additional 1,928,820 shares during the period. Smith Shellnut Wilson LLC ADV purchased a new position in Cincinnati Financial during the third quarter worth about $324,000. Finally, Belpointe Asset Management LLC purchased a new position in Cincinnati Financial during the third quarter worth about $542,000. Institutional investors and hedge funds own 64.44% of the company’s stock.
Cincinnati Financial Company Profile
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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