Cincinnati Financial Co. (CINF) to Post Q1 2018 Earnings of $0.79 Per Share, Langen Mcalenn Forecasts
Cincinnati Financial Co. (NASDAQ:CINF) – Analysts at Langen Mcalenn upped their Q1 2018 EPS estimates for shares of Cincinnati Financial in a report released on Monday. Langen Mcalenn analyst L. Greenberg now expects that the insurance provider will earn $0.79 per share for the quarter, up from their previous estimate of $0.78. Langen Mcalenn currently has a “Neutral” rating on the stock. Langen Mcalenn also issued estimates for Cincinnati Financial’s FY2018 earnings at $3.11 EPS.
Cincinnati Financial (NASDAQ:CINF) last released its earnings results on Wednesday, February 8th. The insurance provider reported $0.75 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.66 by $0.09. Cincinnati Financial had a return on equity of 7.33% and a net margin of 10.85%. The company had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter in the previous year, the business posted $1.10 EPS. The business’s revenue for the quarter was up 3.9% on a year-over-year basis.
ILLEGAL ACTIVITY NOTICE: “Cincinnati Financial Co. (CINF) to Post Q1 2018 Earnings of $0.79 Per Share, Langen Mcalenn Forecasts” was published by Financial Market News and is owned by of Financial Market News. If you are reading this news story on another domain, it was copied illegally and republished in violation of US & international copyright and trademark law. The correct version of this news story can be viewed at http://www.financial-market-news.com/cincinnati-financial-co-cinf-to-post-q1-2018-earnings-of-0-79-per-share-langen-mcalenn-forecasts/1405938/.
CINF has been the subject of a number of other reports. Zacks Investment Research upgraded Cincinnati Financial from a “hold” rating to a “strong-buy” rating and set a $80.00 price target for the company in a research note on Monday, January 16th. Janney Montgomery Scott initiated coverage on Cincinnati Financial in a research note on Thursday, December 22nd. They issued a “neutral” rating for the company. Keefe, Bruyette & Woods set a $70.00 price target on Cincinnati Financial and gave the company a “hold” rating in a research note on Wednesday, March 22nd. Finally, MKM Partners restated a “buy” rating and issued a $90.00 price target on shares of Cincinnati Financial in a research note on Friday, February 10th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $77.25.
Cincinnati Financial (NASDAQ:CINF) traded down 0.1473% during trading on Wednesday, reaching $70.3462. The company’s stock had a trading volume of 375,239 shares. Cincinnati Financial has a 52 week low of $63.87 and a 52 week high of $79.60. The stock’s 50 day moving average is $72.40 and its 200-day moving average is $73.21. The firm has a market cap of $11.59 billion, a P/E ratio of 19.8158 and a beta of 0.81.
The business also recently declared a quarterly dividend, which was paid on Friday, April 14th. Shareholders of record on Wednesday, March 22nd were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.84%. This is an increase from Cincinnati Financial’s previous quarterly dividend of $0.48. The ex-dividend date was Monday, March 20th. Cincinnati Financial’s dividend payout ratio (DPR) is currently 54.08%.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Emerald Acquisition Ltd. increased its position in shares of Cincinnati Financial by 8.9% in the third quarter. Emerald Acquisition Ltd. now owns 170,003 shares of the insurance provider’s stock worth $12,821,000 after buying an additional 13,853 shares in the last quarter. Northern Trust Corp increased its position in shares of Cincinnati Financial by 6.9% in the third quarter. Northern Trust Corp now owns 2,418,415 shares of the insurance provider’s stock worth $182,397,000 after buying an additional 156,324 shares in the last quarter. California State Teachers Retirement System increased its position in shares of Cincinnati Financial by 0.8% in the third quarter. California State Teachers Retirement System now owns 329,226 shares of the insurance provider’s stock worth $24,830,000 after buying an additional 2,700 shares in the last quarter. Commonwealth Equity Services Inc increased its position in shares of Cincinnati Financial by 10.1% in the third quarter. Commonwealth Equity Services Inc now owns 18,894 shares of the insurance provider’s stock worth $1,425,000 after buying an additional 1,740 shares in the last quarter. Finally, Brookstone Capital Management increased its position in shares of Cincinnati Financial by 8.2% in the third quarter. Brookstone Capital Management now owns 56,164 shares of the insurance provider’s stock worth $4,236,000 after buying an additional 4,272 shares in the last quarter. Hedge funds and other institutional investors own 61.09% of the company’s stock.
About Cincinnati Financial
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.
Receive News & Ratings for Cincinnati Financial Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cincinnati Financial Co. and related companies with MarketBeat.com's FREE daily email newsletter.