Cincinnati Financial (NASDAQ:CINF) issued its quarterly earnings data on Wednesday, February 7th. The insurance provider reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.07, Briefing.com reports. The business had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.42 billion. Cincinnati Financial had a net margin of 18.23% and a return on equity of 5.99%. The business’s revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the company earned $0.75 EPS.
Shares of Cincinnati Financial (CINF) traded up $1.60 during trading on Thursday, hitting $75.57. The stock had a trading volume of 573,900 shares, compared to its average volume of 650,931. Cincinnati Financial has a 1-year low of $68.49 and a 1-year high of $81.98. The firm has a market capitalization of $12,123.68, a P/E ratio of 27.00 and a beta of 0.87. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.29 and a current ratio of 0.28.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Wednesday, March 21st will be given a dividend of $0.53 per share. The ex-dividend date is Tuesday, March 20th. This is an increase from Cincinnati Financial’s previous quarterly dividend of $0.50. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.81%. Cincinnati Financial’s payout ratio is currently 31.75%.
A number of brokerages have recently commented on CINF. BidaskClub raised shares of Cincinnati Financial from a “sell” rating to a “hold” rating in a research note on Friday, February 2nd. Royal Bank of Canada restated a “hold” rating on shares of Cincinnati Financial in a report on Thursday, February 8th. Langen Mcalenn restated a “neutral” rating on shares of Cincinnati Financial in a report on Tuesday, January 16th. Finally, Zacks Investment Research lowered Cincinnati Financial from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Five investment analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and an average price target of $74.67.
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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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