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 $ 90 from a previous price target of $80 . MKM Partners advised their investors in a research report released on Jul 15, 2016.
Many Wall Street Analysts have commented on Cincinnati Financial Corporation. Company shares were Reiterated by MKM Partners on Jun 9, 2016 to “Buy”, Firm has raised the Price Target to $ 80 from a previous price target of $70 .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 closed down -0.8 points or -1.04% at $75.96 with 8,17,582 shares getting traded on Friday. Post opening the session at $76.91, the shares hit an intraday low of $75.9 and an intraday high of $76.91 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
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.