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.
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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.
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