Cincinnati Financial (CINF) Upgraded at BidaskClub

BidaskClub upgraded shares of Cincinnati Financial (NASDAQ:CINF) from a sell rating to a hold rating in a report released on Friday.

Several other brokerages have also recently weighed in on CINF. Langen Mcalenn restated a neutral rating on shares of Cincinnati Financial in a report on Tuesday, January 16th. Zacks Investment Research cut Cincinnati Financial from a buy rating to a hold rating in a report on Monday, January 8th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Cincinnati Financial presently has an average rating of Hold and a consensus target price of $78.50.

Shares of Cincinnati Financial (NASDAQ:CINF) opened at $76.38 on Friday. Cincinnati Financial has a 52 week low of $68.24 and a 52 week high of $81.98. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.11. The company has a market capitalization of $12,531.80, a P/E ratio of 29.84 and a beta of 0.87.

The business also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Wednesday, March 21st will be issued a dividend of $0.53 per share. This is a boost from Cincinnati Financial’s previous quarterly dividend of $0.50. This represents a $2.12 annualized dividend and a dividend yield of 2.78%. The ex-dividend date of this dividend is Tuesday, March 20th. Cincinnati Financial’s payout ratio is currently 66.23%.

Institutional investors have recently modified their holdings of the company. Canada Pension Plan Investment Board boosted its holdings in shares of Cincinnati Financial by 12,727.3% during the 3rd quarter. Canada Pension Plan Investment Board now owns 1,411 shares of the insurance provider’s stock worth $108,000 after purchasing an additional 1,400 shares during the last quarter. People s United Financial Inc. lifted its holdings in Cincinnati Financial by 6.5% in the second 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 during the last quarter. SeaCrest Wealth Management LLC acquired a new position in Cincinnati Financial in the fourth quarter valued at approximately $139,000. San Francisco Sentry Investment Group CA acquired a new position in Cincinnati Financial in the second quarter valued at approximately $152,000. Finally, WFG Advisors LP lifted its holdings in Cincinnati Financial by 39.4% in the second 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 during the last quarter. Institutional investors and hedge funds own 64.64% of the company’s stock.

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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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