Cincinnati Financial Corporation (CINF) was Reiterated by MKM Partners to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 80 from a previous price target of $70 . MKM Partners advised their investors in a research report released on Jun 9, 2016.
Many Wall Street Analysts have commented on Cincinnati Financial Corporation. Company shares were Reiterated by RBC Capital Mkts on Apr 28, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 66 from a previous price target of $59 .
On the company’s financial health, Cincinnati Financial Corporation reported $1.13 EPS for the quarter, beating the analyst consensus estimate by $ 0.41 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.72. The company had revenue of $1364.00 million for the quarter, compared to analysts expectations of $1095.00 million. The company’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.77 EPS.
Cincinnati Financial Corporation opened for trading at $69.38 and hit $69.63 on the upside on Tuesday, eventually ending the session at $69.57, with a gain of 0.26% or 0.18 points. The heightened volatility saw the trading volume jump to 5,79,121 shares. Company has a market cap of $11,443 M.
Investors should note that on May 2, 2016, Cincinnati Financial Corporation announced a cash dividend of $0.4800. The company’s management has announced Jun 20, 2016 as the ex-dividend date and fixed the record date on Jun 22, 2016. The payable date has been fixed on Jul 15, 2016.
In a different news, on Jun 7, 2016, Dirk J Debbink (director) purchased 144 shares at $69.49 per share price.
Cincinnati Financial Corporation is an insurance holding company. The Company is engaged in the business of property casualty insurance marketed through independent insurance agencies in 39 states. The Company operates through five segments: Commercial lines Personal lines Excess and surplus lines Life insurance and Investments. It operates through its three subsidiaries: The Cincinnati Insurance Company CSU Producer Resources Inc. and CFC Investment Company. Its market property casualty insurance group includes two of those subsidiaries: The Cincinnati Casualty Company and The Cincinnati Indemnity Company. This group writes a range of business homeowner and auto policies. Other subsidiaries of The Cincinnati Insurance Company include The Cincinnati Life Insurance Company which provides life insurance disability income policies and fixed annuities and The Cincinnati Specialty Underwriters Insurance Company which offers excess and surplus lines insurance products.