Cincinnati Financial Co. (NASDAQ:CINF – Get Free Report) saw a large decrease in short interest in July. As of July 31st, there was short interest totalling 2,020,000 shares, a decrease of 12.9% from the July 15th total of 2,320,000 shares. Based on an average trading volume of 672,600 shares, the short-interest ratio is currently 3.0 days. Currently, 1.3% of the company’s stock are sold short.
Cincinnati Financial Stock Performance
CINF stock traded up $0.20 during trading on Monday, reaching $131.32. The company had a trading volume of 216,794 shares, compared to its average volume of 773,988. The firm has a 50-day simple moving average of $121.58 and a 200-day simple moving average of $118.34. The company has a market cap of $20.56 billion, a price-to-earnings ratio of 8.74, a price-to-earnings-growth ratio of 2.84 and a beta of 0.65. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.27 and a current ratio of 0.27. Cincinnati Financial has a twelve month low of $96.86 and a twelve month high of $132.69.
Cincinnati Financial (NASDAQ:CINF – Get Free Report) last released its earnings results on Thursday, July 25th. The insurance provider reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.33. Cincinnati Financial had a net margin of 20.20% and a return on equity of 9.10%. The company had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $2.21 billion. During the same period last year, the business earned $1.21 EPS. Cincinnati Financial’s revenue for the quarter was up 11.4% on a year-over-year basis. As a group, sell-side analysts expect that Cincinnati Financial will post 6.46 earnings per share for the current year.
Hedge Funds Weigh In On Cincinnati Financial
Analysts Set New Price Targets
A number of research firms have recently weighed in on CINF. Citigroup upgraded shares of Cincinnati Financial from a “neutral” rating to a “buy” rating and raised their price target for the company from $126.00 to $135.00 in a report on Friday, June 28th. Bank of America lowered their price target on shares of Cincinnati Financial from $151.00 to $149.00 and set a “buy” rating on the stock in a report on Tuesday, August 6th. Roth Mkm raised their price target on shares of Cincinnati Financial from $130.00 to $140.00 and gave the company a “buy” rating in a report on Friday, July 26th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Cincinnati Financial from $146.00 to $150.00 and gave the company an “outperform” rating in a report on Thursday, August 1st. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $133.57.
Read Our Latest Stock Report on Cincinnati Financial
Cincinnati Financial Company Profile
Cincinnati Financial Corporation, together with its subsidiaries, provides property casualty insurance products in the United States. It operates through five segments: Commercial Lines Insurance, Personal Lines Insurance, Excess and Surplus Lines Insurance, Life Insurance, and Investments. The Commercial Lines Insurance segment offers coverage for commercial casualty, commercial property, commercial auto, and workers' compensation.
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