News coverage about Cincinnati Financial (NASDAQ:CINF) has been trending positive recently, Alpha One Sentiment Analysis reports. Alpha One, a service of Accern, identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Alpha One ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Cincinnati Financial earned a news impact score of 0.36 on Alpha One’s scale. Alpha One also assigned headlines about the insurance provider an impact score of 63 out of 100, meaning that recent news coverage is somewhat likely to have an impact on the company’s share price in the next several days.
Here are some of the headlines that may have effected AlphaOne Sentiment Analysis’s analysis:
Cincinnati Financial (NASDAQ CINF) opened at 70.46 on Friday. Cincinnati Financial has a one year low of $68.11 and a one year high of $79.60. The firm’s 50-day moving average price is $70.24 and its 200-day moving average price is $72.67. The company has a market cap of $11.60 billion, a PE ratio of 19.41 and a beta of 0.81.
Cincinnati Financial (NASDAQ:CINF) last announced its earnings results on Wednesday, April 26th. The insurance provider reported $0.59 EPS for the quarter, beating the consensus estimate of $0.54 by $0.05. Cincinnati Financial had a return on equity of 7.33% and a net margin of 10.85%. The company had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.37 billion. During the same quarter in the prior year, the company earned $1.13 EPS. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. On average, equities research analysts forecast that Cincinnati Financial will post $2.80 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 14th. Investors of record on Wednesday, June 21st will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, June 19th. This represents a $2.00 annualized dividend and a dividend yield of 2.84%. Cincinnati Financial’s payout ratio is 54.08%.
A number of brokerages recently weighed in on CINF. Royal Bank of Canada reiterated a “hold” rating and set a $72.00 price target on shares of Cincinnati Financial in a research note on Monday, May 22nd. Zacks Investment Research downgraded shares of Cincinnati Financial from a “buy” rating to a “hold” rating in a report on Thursday, April 20th. Keefe, Bruyette & Woods set a $70.00 price target on shares of Cincinnati Financial and gave the company a “hold” rating in a report on Wednesday, March 22nd. Finally, MKM Partners reiterated a “buy” rating and issued a $90.00 price target on shares of Cincinnati Financial in a report on Friday, February 10th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Cincinnati Financial presently has a consensus rating of “Hold” and a consensus price target of $78.75.
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In other Cincinnati Financial news, Director David P. Osborn bought 1,925 shares of the business’s stock in a transaction that occurred on Monday, May 8th. The shares were bought at an average price of $70.00 per share, for a total transaction of $134,750.00. Following the transaction, the director now directly owns 21,542 shares in the company, valued at $1,507,940. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 9.22% of the stock is owned by corporate insiders.
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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